Tech scene: $500,000 and up per year: What young Germans can expect in San Francisco
Never has more capital flowed into Silicon Valley. Right in the middle: young Germans who give up doctoral titles or corporate careers to get rich in the AI boom. However, they would wish it were different.
Marvin Gabler, a young German entrepreneur, has moved to San Francisco to start a new company focused on simulating the physical world using Artificial Intelligence (AI) to develop new materials. He previously founded his first start-up, Jua, in Europe in 2022, but sees more opportunities in the US, where AI labs are willing to pay top dollar for top talent.
Gabler and his team are seeking funding and skilled workers, and are not alone - many young Germans are flocking to California to work on AI projects, drawn by the prospect of lucrative jobs and investment opportunities. Some German venture capitalists, including those from Pointnine and 468 Capital, are also traveling to the West Coast to invest in teams from their home country.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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