Buzzy AI startups are landing big investments, drawing talent to the city and occupying more real estate.

October 23, 2023 at 6:00 a.m. EDT

Piero Molino, left, Michelle Britton, Will Van Eaton and Michael Ortega of the AI start-up Predibase stand outside the entrance of the company’s office in the financial district of San Francisco on Oct. 18. San Francisco has become the national center of AI start-ups and investment. (Loren Elliott)Comment on this storyCommentAdd to your saved storiesSave

SAN FRANCISCO — Parts of San Francisco are still shells of their original glory three years after the onset of the coronavirus pandemic. After the loss of foot traffic, restaurants and cafes closed, some retailers left and many companies downsized or relinquished their office leases because of hybrid or remote-work policies.

But on sporadic weeknights, hundreds of AI enthusiasts crowd into a downtown office, lured by nothing more than pizza, beer and the main draw: a conversation about artificial intelligence.

“You can’t pay for that kind of inbound traffic,” said Dev Rishi, the host of the meetups and a founder and the chief executive of the AI start-up Predibase. “There is palpable excitement and energy in this space.”

The recent boom in AI — led by advances in generative AI — is not only re-energizing this city’s tech community, but it is also triggering a movement of people to the city and office-space rentals by companies. Whereas tech giants including Facebook, Salesforce and LinkedIn reduced their presence in the city during the pandemic, buzzy start-ups are moving in. Chat GPT-developer OpenAI, the AI safety research start-up Anthropic and a growing number of emerging AI companies are expanding in size and office presence, raising billions of dollars, enticing tech workers to the city and forming tightknit communities.

With the backdrop of the city’s often publicized problems including crime, homelessness and drug use, AI is emerging as a bright spot that some hope will be a catalyst for the city’s next chapter. Entrepreneurs, real estate firms, economic development officials and investors hope to capitalize on the excitement.

“I want to confront the brutal reality of the dark sides of San Francisco,” said Angela Hoover, a founder and the CEO of the AI start-up Andi, which relocated from the pandemic technology hot spot of Miami to San Francisco in July. But Hoover also recognized that “this is where all the building in AI is happening, and we needed to be a part of it.”

The flow of venture capital dollars into AI and machine learning companies in San Francisco hit new highs this year, with start-ups raising $18.5 billion in the first quarter — about 82 percent of U.S. investments in the segment, according to data from PitchBook. That is $6 billion more than all the AI companies in San Francisco raised in 2022. Although the quarterly amount invested has moderated, investor interest in AI is expected to be strong in 2024 as companies continue to recognize AI’s value, PitchBook said. Quarterly totals easily can spike with just a couple of large investment deals.

The investments aren’t benefiting just generative AI start-ups. Those that have been in the industry for years are feeling the boost, too.

Viz.ai, a San Francisco-based AI health-care company founded in 2016, raised $100 million last year. Since the pandemic, its staff grew to 400 employees from 150.

“There’s rightfully a lot of excitement in the investment of the community,” said Chris Mansi, CEO of Viz.ai. “This [tech] allows companies like ours … to accelerate pretty significantly.”

In San Francisco, it seems that everyone is talking about AI, start-up leaders say. Some compare it to the early internet era of the late 1990s and early 2000s. Others call it a revolutionary moment akin to the invention of the smartphone.

“I’ve been in San Francisco for 23 years and … I’ve never seen anything like this,” said Vijay Karunamurthy, the field chief technology officer at Scale AI, which employs about 750 people. “You can just meet customers on the street walking from BART [trains] to the office or while getting coffee or run into someone investing.”

Areas of the city are hot pockets for the AI community. Hayes Valley, just west of downtown, has become known as Cerebral Valley because of its density of AI talent and hacker houses. And some have identified another area as the Arena, which includes parts downtown and nearby neighborhoods.

While many companies cut back on office space, several AI companies are signing leases.

Anthropic is finalizing a 230,000-square-foot lease in a downtown space formerly occupied by Slack, people familiar with the real estate industry say. OpenAI is in talks to sublease 445,000 square feet of space at Uber’s headquarters, the San Francisco Chronicle reported. OpenAI declined to comment on its plans.

Earlier this year, Hive AI leased about 57,000 square feet near the Salesforce Tower, according to the commercial real estate data and analytics firm CoStar. And Hayden AI and Adept AI leased nearly 42,000 square feet and about 36,000 square feet, respectively.

Some smaller AI companies expect their offices to grow soon, too.

“We’re 25 folks now,” said Yashar Behzadi, the founder and CEO of Synthesis AI, which is headquartered in downtown San Francisco. “We have an office for about a dozen people and will double or triple that next year.”

AI firms are expected to have leased approximately 3 million square feet of space in San Francisco by the end of the year, the commercial real estate firm JLL estimates. By comparison, commercial occupants typically lease about 1 million square feet of space in a year’s time.

“There is an absolute groundswell. These AI start-ups are flocking to San Francisco, ” Chris Roeder, the executive managing director and lead broker for JLL’s San Francisco office, said about AI office activity.

Start-ups say people who previously left the city or abandoned their entrepreneurial dreams have been reinspired by AI. As a result, recruiting to the city seems easier than in previous years.

“They want to work here,” said Michael Lam, a founder and the CEO of AI the tutoring start-up Studdy. “For the first time in a long time, there’s a thriving community of entrepreneurs who want to socialize, meet other people and go to events.”

San Francisco Travel, which handles marketing and sales for events at the Moscone Convention Center and other venues, has seen several AI conferences and events pop up and expects the trend to continue into next year. Cassandra Costello, an executive vice president and the chief policy and external affairs officer, says the organization aims to build on the momentum in AI to attract more such business to the city.

Michelle Fang, a start-up marketer in San Francisco, said the list of events in the city she publishes on social media has quadrupled since May, ranging in size from large gatherings to small living-room conversations.

“It feels much more organized by the community and boots on the ground,” she said. “People are coming here just to experience it.”

Attending events is what helped Hoover of Andi ultimately choose to relocate her company to San Francisco.

“The more access you have to events where you can learn, the better your chances,” she said, noting that AI advancements move fast.

Although San Francisco Mayor London Breed this year lauded the city as the “AI capital of the world,” the city’s Office of Economic and Workforce Development believes AI won’t be the silver bullet to economic recovery. Still, AI is important enough to be part of the strategy, especially for its role in reviving foot traffic.

“AI is in a great spot,” said Sarah Dennis Phillips, the executive director of the agency. “It prioritizes in-person work, and we want the people leasing our offices to be using them.”

Beyond the city’s civic challenges, the growth of the AI community also could be dampened by the technology’s potential harms. Regulators are increasingly concerned about the impact AI could have on society, including in the spread of misinformation. Some people worry about algorithmic biases, job loss and privacy.

Start-ups say the grave implications of what they are doing is not lost on them.

“The mission is really clear,” said Karunamurthy of Scale AI, which helps companies with their AI training data. “We’re building tech that will impact our children’s lives.”

San Francisco will play a key role in the future of AI, Microsoft’s venture arm believes. The tech giant and OpenAI investor did not release numbers but said it is heavily investing in AI start-ups, a large number of which are in the city. It also opened an innovation lab in downtown last month to help AI companies collaborate and introduce prototypes of AI products.

“The cycle times [in which AI companies are formed] are off-the-charts fast,” said Christopher Young, the executive vice president for business development, strategy and ventures at Microsoft. “Being in the city and able to get together quickly is part of that.”

Y Combinator, a start-up accelerator that moved from the South Bay to San Francisco this year, said it is still seeing many AI applicants. Sixty-four percent of its most recent batch of companies were AI-focused, and nearly 60 percent of its overall AI portfolio is based in San Francisco.

Jared Friedman, a group partner at the accelerator, says this is reminiscent of the early 2000s web boom.

“If you weren’t here, it was hard to be on the bleeding edge,” he said. The AI playbook “is being written right now by the start-ups that are here doing it.”

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Another Ross Dress for Less may open in downtown San Francisco, just a block from one of its existing stores at 799 Market St., the San Francisco Business Times first reported.

The new department store would occupy the 40,000-square-foot space at 901 Market Street where Saks Off 5th and Nordstrom Rack are currently located. Permit details SFGATE received from the San Francisco Department of Building Inspection show plans are underway for an “interior remodel” of the lower and ground floors of an “existing Ross store,” including the installation of merchandise shelving, Cash desks and equipment rooms.

However, it remains unclear if the Dublin-headquartered discount clothing retailer plans to move from its current Market Street location to this one, or if it plans to open a new store, replacing Nordstrom Rack and Saks Off 5th. The latter isn’t entirely out of the question: As the Business Times pointed out, Jamestown Properties CEO Michael Phillips said the 55,000-square-foot store at 799 Market St. is “one of the top five producers in the entire Ross chain.” and often customers queue outside to enter. (Jamestown sold the property in 2016.) SFGATE attempted to contact Ross representatives but received no response at the time of publication.

However, a spokesman for Saks Off 5th confirmed that the Market Street location will close permanently later this fall, and on Tuesday Nordstrom announced that the leases for its Nordstrom Rack store on Market Street and also for its giant Nordstrom -Store in non-renewable Westfield San Francisco Center.

Ross has one of his longstanding businesses at 5200 Geary Blvd. closed. in January, leaving only three other locations in San Francisco, including the one on Market Street, one on Sloat Boulevard, and one on 16th Street. However, the company announced in a press release in March that it had opened 11 new Ross stores and eight dd’s Discounts stores in the US during February and March — part of the company’s plan to “further develop” its footprint to 2,900 locations. and present around 100 new locations this year.

As of March, Ross Dress for Less had 2,034 stores operating.

This breaking news has been updated.

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Samsung HVAC America is expanding its operations at AllianceTexas’ Alliance Gateway 55 in Roanoke. [Photo: Hillwood]

Samsung HVAC America is the North American headquarters for Samsung’s heating and cooling products – including innovations like The Hylex, a compact, “breakthrough” outdoor unit that is compatible with virtually any existing HVAC system without the need for new wiring, wiring harnesses or ducting.

This week, the company announced that it’s not only innovating, but growing. Previously, the company was headquartered in 228,000 square feet at Alliance Gateway 55, a sprawling AllianceTexas industrial building in the northeast Fort Worth suburb of Roanoke. In the future, the company will occupy the entire 33,000 square meters of the building.

The facility is Samsung HVAC’s main distribution center for ducts in the United States and Canada.

“Samsung HVAC has experienced tremendous growth over the past several years and we are pleased that AllianceTexas will continue to be an integral part of their success story,” Hillwood SVP Reid Goetz said in a statement. Hillwood is the Dallas-based company that developed AllianceTexas’ 27,000-acre master-planned mixed-use development.

“Samsung is a global leader in the HVAC business and being in AllianceTexas provides them with tremendous value and continued ability to expand while maintaining direct access to their customer base across North America,” added Goetz.

location, location

For a North American HQ, location and logistics are key, and apparently both are paying off for Samsung at Alliance Gateway 55. It is located within the AllianceTexas transportation infrastructure platform, which also includes the AllianceTexas Mobility Innovation Zone (MIZ), Perot Field Fort Worth, Alliance Airport and the BNSF Railway’s Alliance Intermodal Facility.

Located off SH 170 just a few miles off I-35W, Samsung HVAC’s location offers optimized freeway and airport access in North Texas, as well as close proximity to AllianceTexas shipping options including the FedEx Ground Hub, two UPS Ground Sort Hubs and FedEx Express Southwest Regional Air Hub and Amazon Air Regional Hub.

Cushman & Wakefield’s Mark Becker, Jay Benner, Adam Cooke and Lou D’Avanzo represented Samsung in the transaction. Samuel Rhea and Reid Goetz of Hillwood represented Hillwood.

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MINNEAPOLIS–(BUSINESS WIRE)–Be The Match Biotherapies® today announced expanded support for clients in the Northern California region. Chris McClain, Senior Vice President, will work from the San Francisco area to support an expanding client base seeking high-quality cellular source material for allogeneic therapy development and commercialization to deliver time-critical cell therapies to patients.

”Be The Match has been a leader in the supply of clinical grade allogeneic donor cells for over 30 years and has been supplying GMP compliant cellular starting material to developers of allogeneic cell therapy platforms since 2016. We could not be more excited to deepen our strategic focus on these emerging therapies and to work more closely with developers of those therapies located in the San Francisco area and on the west coast more broadly,” said Chris McClain, Senior Vice President at Be The Match Biotherapies.”

Since 2016 Be The Match Biotherapies has provided cell sourcing and supply chain management services for the development of allogeneic cell therapies. It successfully delivered its first cellular starting material for manufacture only two months after engaging with its first client. The organization is a trusted partner to over 50 cell and gene therapy developers ranging from small, start-ups to large international enterprises.

Chris McClain leads the sales and business development team for Be The Match Biotherapies. In this role, he engages with companies developing innovative, life-saving therapies that can leverage the cell sourcing, clinical research services, and outcomes tracking capabilities of the National Marrow Donor Program (NMDP) / Be The Match.

Before joining Be the Match Biotherapies, Chris was co-founder of Nora Therapeutics, Inc., a venture-backed biopharmaceutical company developing novel therapies in areas of significant unmet medical need in reproductive health. He served as an advisory member of the University of Minnesota Office for Technology Commercialization Venture Center, a guest lecturer in the Life Sciences program at the University of Minnesota’s Carlson Graduate School of Management, a mentor to the annual MNCup startup competition, and a co- chair of Medical Alley’s Biotech Shared Interest Group. He earned his master’s in business administration and his bachelor’s in economics from the University of California, Berkeley.

Be The Match Biotherapies

Be The Match Biotherapies is the only cell and gene therapy solutions provider with customizable services to support the end-to-end cell therapy supply chain. Backed by the industry-leading experience of the National Marrow Donor Program®/Be The Match® and a research partnership with the CIBMTR® (Center for International Blood and Marrow Transplant Research®), the organization designs solutions that advance the development of cell and gene therapies across the globe.

Be The Match Biotherapies is dedicated to accelerating patient access to life-saving cell and gene therapies by providing high-quality cellular source material from the Be The Match Registry®, the world’s most diverse registry of more than 7 million potential blood stem cell donors. Through established relationships with apheresis, marrow collection, and transplant centers worldwide, the organization develops, onboards, trains, and manages expansive collection networks to advance cell therapies. Be The Match Biotherapies uses a proven infrastructure consisting of regulatory compliance and managed logistics experts and cell therapy supply chain case managers to successfully transport and deliver regulatory-compliant life-saving therapies across the globe. Through the CIBMTR, Be The Match Biotherapies extends services beyond the cell therapy supply chain to include long-term follow-up tracking for the first two FDA-approved CAR-T therapies.

For more information, visit www.BeTheMatchBiotherapies.com or follow Be The Match Biotherapies on LinkedIn or Twitter.

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The variety of styles and the expression of the terroir are strong factors behind the worldwide increase in Sauvignon Blanc production. New Zealand is often credited with bringing it to the fore, but Italy, South Africa, Chile and California have expanded the cultivation and production of the once obscure grape, originating in the Loire Valley and Bordeaux regions of France.

Sauvignon Blanc is lively, fruity and accessible to most palates and paperbacks. For white wine preferences, it can be a refreshing, food-friendly alternative to Chardonnay.

I hosted a California Sauvignon Blanc tasting for friends, which had wines priced from $ 12 to $ 45 a bottle. Each of the five wines tasted were great, but it was difficult to distinguish between them.

Lack of distinction was not an issue in a recent Sauvignon Blanc tasting and discussion with a diverse panel that included Craig McAllister / La Crema (Sonoma County), Daniele Vuerich / Attems (Italy), Warren Ellis / Neil Ellis (South Africa) and Nikolai Saint-George / Cloudy Bay (New Zealand) and Xavier Barlier, Ladoucette representative from the Pouilly-Fumé region in France.

I poured each wine side by side and was impressed by the variety of aromas from subtle and steely to intense and fruity. Again, the taste profile of each wine was exceptional, but unlike the Californian publications, very distinctive.

Craig McAllister is a winemaker at La Crema in Sonoma County. (Courtesy photo)

The tasting began with the first Sauvignon Blanc vintage from a well-known manufacturer of Pinot Noir and Chardonnay from Sonoma County. After McAllister, a winemaker with roots in New Zealand, came to La Crema, it was only a matter of time. Sourced from the warmer North County’s vineyards, the 2020 La Crema Sauvignon Blanc Rittertal is partially fermented in neutral oak in the barrel for 28 days, which, according to Craig, gives the wine more texture with minimal oak notes. A lively bouquet of tropical fruits and stone fruits with floral notes that run through the aromas and a long finish. Craig pairs this wine with oysters, ceviche, and fried fish.

From the Venezia Giulia region in northeastern Italy, where there are many stony sandstone soils Attems Sauvignon Blanc 2019 represents a wine and a grape variety that, according to the winemaker Vuerich, are of crucial importance for the region. The wine is terroir-driven and balanced with steel, mineral notes on the nose and crisp stone fruit and green aromas. Daniele turned away from the exclusive use of stainless steel and found that egg formats for oak and concrete were increasing in the region. He pairs his wine with roasted trout and risotto.

Daniele Vuerich is a winemaker near Attems in Italy. (Courtesy photo)

Neil Ellis is a pioneer among South African wineries and has been a top producer since 1993 Neil Ellis Groenekloof Sauvignon Blanc 2019 is obtained from bush vines (without trellis) in the hills that run parallel to the Atlantic, where the evenings are cooler. According to winemaker Warren Ellis, the extra sunlight from the bush vines and the use of wild yeasts encourage a range of tropical and stone fruit flavors with green, herbaceous and mineral elements. Warren usually pairs his wine with grilled fish.

Warren Ellis is a winemaker for Neil Ellis in South Africa. (Courtesy photo)

The global rise of Sauvignon Blanc is triggered in Cloudy Bay and the Marlborough region of New Zealand. Although they started producing the variety in 1985, the 2020 Cloudy Bay Sauvignon Blanc is the first vintage of the new winemaker Nikolai Saint-George. A balanced intensity best describes this wine, starting with lively citrus and passion fruit aromas. The unmistakable taste profile consists of a concentrated stone fruit base with subtle mineral elements thanks to a persistent finish. Nikolai talked about the agility of this wine and his preference for pairing it with buttered scampi that were briefly cooked in a pizza oven.

Nikolai Saint-George is a winemaker in Cloudy Bay, New Zealand. (Courtesy photo)

I had the opportunity to visit the Pouilly-Fumé region in 2018. It is located in lower elevations over the Loire from the cliffs of Sancerre. On a terroir dedicated exclusively to Sauvignon Blanc, the rich limestone soils create a more rounded mouthfeel than that of Sancerre. We marveled at the view of the elegant Ladoucette Estate but didn’t visit. To that end, I was excited to have that 2018 Ladoucette Pouilly-Fumé was part of the tasting.

Described by Xavier Barlier as a Sauvignon Blanc with no makeup, it is made with minimal interference with the grapes, which are gently pressed by gravity and produce 80% free juice. It is fermented in stainless steel and then matured on yeast in concrete tanks for six months, resulting in complex tropical fruit flavors and a rich mouthfeel. This wine is a sublime expression of the region and Xavier likes to pair it with Sancerre goat cheese.

These Sauvignon Blanc expressions are distinctive, global, and readily available.

Lyle W. Norton is a Santa Rosa wine enthusiast and blogger who has been writing a wine column for 20 years. Visit his blog at lifebylyle.com or send an email to mourvedre sfewine@gmail.com.

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MARIETTA, Ga .– (BUSINESS WIRE) – Wrench Group LLC (“Wrench”), a national leader in repair, replacement, and maintenance services that specialize in heating, ventilation, air conditioning, plumbing, plumbing, and electricity services, today announced the acquisition of Service Champions North (“Service”) known as Champions “), the first California location for Wrench.

Service Champions is a leading heating and air conditioning company with locations in Concord, Livermore, Pleasanton, Sacramento and San Jose. Since 2002, Service Champions has been committed to providing repair, maintenance, and replacement services for air conditioners and ovens to customers in the San Francisco Bay Area and metropolitan Sacramento. “The Wrench organization is excited to have a presence in Northern California,” said Ken Haines, CEO of the Wrench Group. “Service Champions has become a household name in their markets with an unmatched customer reputation.”

Haines continued, “Part of Wrench’s strategy is to partner with market leaders. Service Champions has seen impressive growth over many years and prides itself on its positive customer loyalty. We look forward to your joining the Wrench organization and look forward to working together to grow in the California market. ”

“Our culture is unique and special, and has been our competitive advantage for over 17 years,” said Kevin Comerford, owner and president of Service Champions North. “I am delighted to have found a partner whose core values ​​align with ours. We are excited about the tremendous growth we see in our future and the opportunities that growth offers our team members both personally and professionally, ”added Comerford.

Comerford and his seasoned management team will continue to lead the organization during this next phase of growth.

ABOUT THE KEY GROUP

Wrench Group, LLC is a national leader in repair, replacement, and maintenance services specializing in heating, ventilation, air conditioning, plumbing, plumbing, and electrical services. The company serves over 550,000 customers annually in the metropolitan areas of Atlanta, Dallas, Denver, Fort Myers, Houston, Jacksonville, Phoenix, Naples, Sacramento, Sarasota, San Francisco Bay Area and Tampa. The locations have built a solid reputation with brands that date back to the 1940s. Further information is available at www.wrenchgroup.com

ABOUT SERVICE CHAMPIONS NORTH

Service Champions North specializes in heating, ventilation and air conditioning services for private households at five locations in Northern California. As part of the transaction, Service Champions was represented by Intrepid Investment Bankers, Greenburg Glusker LLP., Holthouse, Carlin and Van Trigt LLP., Buxbaum HCS.

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CUPERTINO, California – (BUSINESS WIRE) – Intero®, a subsidiary of Berkshire Hathaway and a wholly owned subsidiary of HomeServices of America, Inc., today announced the acquisition of Berkshire Hathaway HomeServices California Realty. Samuel Cadelinia, a 41-year-old industry veteran and former broker and owner, will continue his successful real estate practice at Intero in San Francisco.

“This acquisition will fuel our progress and momentum in San Francisco,” said Brian Crane, co-founder and chief executive officer of Intero – A Berkshire Hathaway Affiliate. “Sam fits in perfectly with our intero culture in San Francisco. Sam and Cathy have been friends for many years and will do an excellent job integrating Sam’s group from BHHS into Intero and helping us grow our presence in San Francisco. ”

Intero San Francisco Vice President and General Manager Cathy Scharetg will bring her existing agents and operations together in the newly acquired office at 1430 Taraval Street, San Francisco.

“I am very excited to welcome Sam and his agents to the Intero family,” said Cathy Scharetg, VP and Managing Officer of Intero San Francisco and Daly City. “I have known Sam for almost 15 years and can confirm the quality of his person. It will be so fulfilling to work together to grow our community-focused real estate business in San Francisco. ”

“I couldn’t think of a better company to connect with than Intero and my agents,” said Samuel Cadelinia, former broker and owner of BHHS California Realty. “This transition has revived me and I look forward to helping Cathy continue to build a world-class San Francisco real estate operation.”

About the Intero brand:

Intero, a subsidiary of Berkshire Hathaway and a wholly owned subsidiary of HomeServices of America Inc., serves Northern California and Nevada with 22 offices across Silicon Valley, San Francisco, Calaveras County, western Nevada, and the Greater Lake Tahoe region. The Intero franchise network consists of 55 subsidiaries in Alabama, California, Nevada, Tennessee and Texas. The company is headquartered in the heart of California’s Silicon Valley.

You can find more information about Intero at www.intero.com. You can find more information about HomeServices at www.homeservices.com.

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