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Stock impact report

OpenAI expanding SF footprint with new office lease: reports [Yahoo! Finance]

International Business Machines Corporation (IBM) 
Last international business machines corporation earnings: 4/20 04:08 pm Check Earnings Report
US:NYSE Investor Relations: ibm.com/investor
Company Research Source: Yahoo! Finance
However, according to the San Francisco Chronicle , the AI company has finalized a 315,000-square-foot lease at nearby 550 Terry Francois Boulevard. According to the Chronicle, OpenAI is in talks to expand its footprint at that location, where Old Navy previously maintained its headquarters. The newspaper cited a real estate industry source with direct knowledge of the deal. The story was also reported in the San Francisco Business Times The reports indicate potential good news for San Francisco's beleaguered office space market, which has struggled to rebound in the wake of the pandemic pivot toward remote work. The news of OpenAI's possible expansion also comes on the heels of substantial Bay Area tech layoffs from Cisco and IBM. Copyright 2024 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Recommended Stories Show less Read more
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