AI boom in Silicon Valley is going to worsen the housing crisis, says CEO of the company trying to build a new city near San Francisco

Tech Insider
Jan Sramek
Jan Sramek is the CEO of California Forever, a billionaire-backed company that is trying to building a new city in California.

Terry Chea/AP

Silicon Valley billionaires want to build a new city in rural California, but locals are skeptical of the project: 'Their secrecy has caused a lot of problems'

Tech Insider
Image shows the rural community of Rio Vista, California. It features a brown, wooden farmhouse, long grass and some parked RVs.
Rio Vista, California is a rural area, but billionaires want to utilize the land to erect a new city.

AP Photo/Godofredo A. Vásquez

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