Open AI, which succeeded in attracting large-scale funding, has begun expansion, including leasing an office in Latest York for the primary time. It’s because the variety of employees at Google DeepMind has increased by 1.7 times. There’s even talk that real estate, which had been in a slump, can be revived attributable to the rapid growth of artificial intelligence (AI) corporations akin to OpenAI.
The Wall Street Journal (WSJ), citing well-informed sources, reported on the 4th (local time) that OpenAI signed a lease agreement for 90,000 square feet (about 2,530 pyeong) with the Puck Constructing within the Soho area, a landmark in Manhattan, Latest York. did it
Based on this, the 140-year-old Puck Constructing, named after a satirical magazine, is owned by Kushner Corporation, an actual estate company run by the family of former President Donald Trump’s son-in-law, Jared Kushner. Specifically, Thrive Capital, which recently led the investment of $6.6 billion, is positioned there. Thrive Capital was founded by Jared Kushner’s younger brother, Joshua Kushner.
Last month, OpenAI also leased all the six-story tower in San Francisco’s Mission Bay area. That is reportedly the most important office lease deal within the San Francisco area this 12 months. Also, a 12 months ago, it leased two buildings in San Francisco from Uber.
OpenAI had only about 300 employees in November 2022, just before the launch of ‘ChatGPT’, but has increased significantly from about 780 in November of last 12 months to 1,700 currently. This spring, we established a branch in Tokyo, Japan, and offices in London and Dublin.
As well as, AI corporations which have succeeded in attracting large-scale investments, akin to Antropic and Palantir, are known to be opening offices one after one other in Latest York, San Francisco, Denver, Atlanta, and Seattle.
Because of this, constructing owners within the San Francisco area are said to have high expectations. San Francisco, where many offices are concentrated, is taken into account the world hit hardest by rising emptiness rates, lower rents, and bargain deals attributable to distant working attributable to the pandemic.
Based on real estate services firm JLL, 57 AI corporations have leased offices in San Francisco this 12 months, 40 of them opening offices for the primary time. In this fashion, a complete of 5 million square feet (roughly 1.4 million pyeong) was leased, accounting for greater than 5% of all the office space in the town.
“The quantity of space leased for AI could quadruple in the following six years,” said Chris Lauder, head of JLL’s San Francisco office.
In relation to this, Business Insider reported in April that Open AI may have over 1,500 employees this 12 months attributable to its increasing variety of employees and can open a brand new office in Latest York next 12 months. In the long run, the corporate grew in size faster than expected.
Specifically, with 1,700 employees, it’s the most important amongst AI corporations. Google DeepMind is understood to have about 1,000 employees, and Antropic has about 500 employees.
Reporter Lim Da-jun ydj@aitimes.com
