Jan Sramek
Jan Sramek is the CEO of California Forever, a billionaire-backed company that is trying to building a new city in California.
  • Jan Sramek, CEO of California Forever, wants to build a new city in Solano County, California.
  • He said he hopes to provide more affordable housing with the new city.
  • The recent "AI boom" will only make the housing crisis worse, Sramek told Kara Swisher.

The leader behind the grand plans to build a new city in Northern California believes his project will address the state's ongoing housing crisis — a matter he says will only get worse with the recent demand for artificial intelligence.