OpenAI Expands SF Operations, A Boost for City's Economy

Open AI looks to be under a large expansion in the Mission Bay district which is music to San Francisco's ears.Photo byphoto by: Scott Strazzante/The Chronicle

While some companies in technology in San Francisco are laying off workers, moving, or closing all together, one company is expanding.

Artificial intelligence leader OpenAI has announced that they will be expanding again in the city of San Francisco. In a city that is trying to rebound due to the COVID-19 crisis and an inconsistent economy, the news that more business is expected in “The City” is welcoming to everyone in the Bay Area.

OpenAI, the creator of ChatGPT, is looking to raise $6 billion in funding, going all in that ChatGPT will become the leader in the race to AI supremacy. It has already been reported that several are wanting to invest, with the latest investor being Josh Kushner's venture capital firm, which has given over $1 billion.

A story by KRON4 says that the address of the expansion will be the 315,000-square-foot building at 550 Terry Francois Blvd. in Mission Bay, about a block away from the Chase Center where the Golden State Warriors play.