OpenAI expands footprint as it leases Manhattan office space: report [Seeking Alpha]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Seeking Alpha
The office space is located in Manhattan's Puck Building in the Soho neighborhood, according to the report . This follows OpenAI's lease last month on a six-story tower in San Francisco. It subleased buildings from Uber ( UBER ) in San Francisco last year as well. The report comes after OpenAI's latest $6.6B fund-raising round , which catapulted the company's valuation to $157B. OpenAI is pivoting from a not-for-profit company to possibly becoming a publicly traded company at some point in the next year or so. The Wall Street Journal report said the growth of AI companies is helping a mild resurgence in the commercial real estate sector. The sector has been pummeled ever since the covid pandemic. However, AI companies signed 57 leases in San Francisco alone in 2024. Meanwhile, Anthropic and Palantir ( PLTR ) have set up offices in locations ranging from New York, Seattle, Denver and Atlanta. Recommended For You Comments More Trending News Recommended For You More Trendi
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PLTR
Earnings
- 8/5/24 - Beat
PLTR
Sec Filings
- 10/4/24 - Form 144
- 10/4/24 - Form SC
- 10/3/24 - Form 4
- PLTR's page on the SEC website