AI billionaires still living with roommates in San Francisco as housing crisis grips city | Latest Tech News
The co-founders of Harvey, a red-hot legal AI start-up now valued at $8 billion, live together with a third roommate in San Francisco even as their company vaults them into the higher echelons of Silicon Valley wealth.
Winston Weinberg, 30, Harvey’s co-founder and chief govt, shares an condominium with his co-founder Gabe Pereyra, 34, and another roommate.
“Yes, Gabe and I still live together with one other roommate,” Weinberg said in a Monday assertion to The Post.
Winston Weinberg, co-founder and CEO of Harvey AI, is a newly minted billionaire. YouTube/@thebiographypod
“It’s not a statement in any way, but more of a reflection of the fact that our lives haven’t changed much – we are still focused on building a great company and putting in long hours to make that happen.”
The living association highlights the grinding actuality of getting by in San Francisco, where eye-popping tech valuations collide with one of the worst housing-affordability crises in the nation.
“The focus of any cost of living debates in major US cities should be on the people who need it most, not on anyone lucky enough to be building a company,” Weinstein said.
“With that said, we care about this issue a lot because it impacts our employees both current and future that is the most important consideration for us.”
Harvey, which builds generative AI instruments for attorneys, has develop into one of the fastest-rising stars of the artificial intelligence growth.
Founded in 2022, the company raised money thrice in 2025 alone, with its valuation leaping from $3 billion in February to practically thrice that by 12 months’s end.
Weinberg lives with Gabe Pereyra (above) and another roommate in San Francisco. YouTube/@NoPriorsPodcast
The surge turned Weinberg and Pereyra into billionaires nearly in a single day.
“Yeah, sure it’s in the billions, but it’s on paper,” Weinberg not too long ago said of his wealth to the New York Times.
Harvey is based in San Francisco, where home costs and rents have soared for years as waves of tech wealth poured into a city with chronically constrained housing provide.
Weinstein told The Post that the company plans to rent “a significant number of people” in San Francisco — along with New York City “and all of our global markets.”
As of late 2025, the median home sale price in the City by the Bay hovered around $1.49 million, up more than 10% from a 12 months earlier. Median rents for a one-bedroom condominium topped $3,500 a month.
Even for high earners, the city’s housing market has develop into punishing. Years of restrictive zoning, long allowing timelines and high construction prices have restricted new provide, while tech-driven job growth has fueled demand.
High-rise places of work and tight housing outline San Francisco, where the AI growth has collided with a chronic scarcity of properties. heyengel – stock.adobe.com
In 2024, only about 1,600 new properties have been constructed in the city — the bottom quantity in more than a decade.
The end result has been widespread displacement and deepening inequality. Non-tech employees and lower-income residents have been pushed out as costs climb, while homelessness stays stubbornly high.
More than 8,300 people skilled homelessness in San Francisco in 2024, according to the local authorities.
City leaders have rolled out insurance policies aimed at easing the crisis, including rent control for some models, inclusionary zoning guidelines and efforts to increase density.
Late last 12 months, officers handed a sweeping “Family Zoning Plan” designed to permit more housing in historically single-family neighborhoods.
The Post has sought remark from Harvey.
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