A San Francisco homeowner has listed a $3 million property and is willing to accept shares of OpenAI or Anthropic as payment, according to Realtor.com. The two-level residence at 160 Noe St. in the Duboce Triangle neighborhood spans about 2,495 square feet, featuring three bedrooms, two bathrooms, and a two-car garage. The home recently underwent a two-year renovation that updated plumbing, electrical, and HVAC systems, Fortune reported.
The seller’s decision to accept pre-IPO AI stock marks a notable shift in real estate transactions, reflecting growing confidence in these companies’ valuations. Angela Cummins, a real estate agent with Linda Miller Real Estate, described the move as a landmark moment that brings into the mainstream a conversation previously limited to private negotiations. The lower unit in the same building recently sold for $3 million, providing a comparable to support the asking price.
The rising interest in OpenAI and Anthropic shares stems from both companies’ rapid valuation growth and their anticipated public offerings. Anthropic’s valuation recently hit approximately $965 billion following a new funding round, surpassing OpenAI’s latest valuation. This surge in value has made their stock a coveted asset, influencing unconventional payment methods like this home sale.
The listing highlights the evolving intersection of real estate and technology investments, with AI companies’ shares becoming an accepted currency in high-value transactions. The property remains on the market as of this week, with the seller open to negotiations involving these pre-IPO shares, according to Realtor.com.