What’s up, folks? So there’s some interesting news buzzing around in the tech world. OpenAI, this AI company based in San Francisco, just got a huge boost of $10 billion from Microsoft. And you know what they say, when you got that kind of cash flowing in, you gotta find a place to spend it!
Now, here’s the thing. OpenAI is on the hunt for more office space, and word on the street is that they might have their eyes on Uber’s corporate headquarters in Mission Bay. Yeah, that’s right. They’re in “serious” talks with Uber to lease a part of their hub. Pretty cool, huh?
The building in question is located at 1725 Third Street, and apparently, OpenAI might take over one of the four buildings that make up Uber’s massive 1-million-square-foot campus. It seems like Uber never actually moved into the 286,500-square-foot building, so they decided to list it for sublease this year. And now OpenAI might just swoop in and make it their new home.
Unfortunately, we don’t have any juicy details about the terms of the potential deal. It’s all hush-hush for now. But let’s just say that with the amount of moolah OpenAI has, they’re willing to pay top dollar to get a space that works for them. So, you can imagine it’s gonna be one sweet deal.
Now, OpenAI already has a couple of offices in the Mission District. They’ve got a headquarters building at 3180 18th Street which is a decent 40,000 square feet. And just last year, they leased a massive 100,000-square-foot office building at 575 Florida Street. But with their growing popularity, thanks to their ChatGPT, they’re planning to expand big time. In fact, they wanna quadruple their workforce from 500 to as many as 2,000 employees. That’s a lot of brainpower, my friends.
But here’s the interesting part. While most companies in San Francisco are struggling with high office vacancy rates, AI companies like OpenAI are flourishing. In fact, Mayor London Breed even called San Francisco “the AI capital of the world.” And get this, there’s even a new section of the city called “Area AI” that includes parts of the Mission District, western SoMa, and Potrero Hill. And guess what? Out of the 80 AI companies mentioned, about two dozen of them are chilling in Area AI.
So yeah, OpenAI is the real deal right now. They got $10 billion in their pockets, and they’re ready to make some moves. So keep an eye on these guys, ’cause they’re about to change the game.
Alright, that’s all for now, folks. Catch you next time!