$1 billion AI company abandons San Francisco for Bay Area Peninsula
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- Опубліковано 2 тра 2024
- It's the industry that's supposed to help revive San Francisco, with the major players in artificial intelligence moving downtown. But on Monday, Replit, an AI company valued at over $1 billion, announced it was leaving the city.
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#ai #artificialintelligence #business #siliconvalley #abc #abc7news
Replit is worth 1B just like elizabeth holmes is worth 4.5B
Yup it sounds like a company trying to overinflate its valuation with an inferior Github Copilot
@@jaad9848That’s not how startup valuation works. Replit received $97.4M in a Series B funding recently. The funders asked for a percentage of the company, so the entire company is valued at what the funding is divided by the percentage of ownership.
That was funny Thanks
But does Replit’s CEO speak with a phony baritone voice too?
🤣
replit is an ai company is like saying home depot is a construction company. they're not making any money
It’s a startup. Most startups don’t make money.
@@deuce5243 but this is one with no competitive advantages at all.
@@deuce5243 But not all startups are overvalued.
Nobody making money under Biden exceot criminals
Delusional people not accepting the bad policies have consequences
Democrats
Who is “us” and don’t you realize you are commenting on a tech company page using a tech company device while having a profile via a tech company email account? You’re a 🤡
@MimiVerbana Eventually there won't be a tax base
The rich never pay more and we have millions using and not paying
Between illegals homeless and gangs California is losing money
The rent of the commercial properties in the bay is insane given how many vacant properties there are.
All companies are leaving SF, not just this one AI company 😂
And moving to the South Bay 😂
They voted for this, they own it.
Utopia alright.
All? Learn the definition of all. Some are moving, sure, but not all
even AI is smart enough to LEAVE San Fran
London Breed is falling down, falling down, falling down…..
And so are the supporters of the far left.
Don’t worry…. Mayor Breed will recommend more soccer fields and pandas….
SF is the new Detroit.
Why do they keep showing Salesforce tower? Does anyone know where this company was even located?
No one wants to work in SF proper. Housing is overpriced, commute is a nightmare. I still don’t understand why corporations choose to be there
Bullshite, this companies will go wherever it’s convenient for them
AI doesn't like al fresco street toilets
all this poop started with newsome
The city did great under Newsom. The problem is the rich, the Airbnbs, foreign investors and absentee landlords moving in and not managing their neighborhoods.
Crime, traffic, homelessness probably killing San Francisco.
There has always been those aspects in major downtown cities and business districts all over the country right so what’s so different now?
LOL SF NOW LOWER THE TAXES AND PRICES
If they're still anywhere in the Bay Area, they've learned nothing and that's about what they're likely to be worth.
it's obvious the rent is cheaper and they get tax breaks, no way in to heck anyone would want to live or commute to Foster City from San Francisco.
Foster City? Loooool
San Francisco is too dangerous to people to commute
No, it is not. Stop watching FOX news, it will improve your mental health.
Its too expensive with $5,50 a gallon, $10 bridge fees, parking, expensive sandwiches, and takes at least an hour each way with traffic. Unless you have a good salary forget it. Average workforce can't even afford it.
Breed is a hotmess express
The whole US is a cesspool.
Maybe he prefers foster city for the culture.
I think they mean pesos.
Its a chatbot with no competitive advantage.
for the city to recover, they have to get rid of the mayor. If I was a company and want cheap lease for long term, I would go into sf now, make a push for the candidate that is running against the current mayor.
You are delusional if you think it's the mayor that voted for
1) sanctuary city
2) blm
3 defund the police
YOU voted for this, YOU
SF is well on its way to becoming Detroit.
many stupid startups could get nonesense valuation to get to $1bn. these startups are all bleeding cash like flushing toilet. is that of any significance
AI confirms global warming and rising sea levels . AI just moved its biggest operation to Foster City built on landfill with huge risk of rising sea’s.
When I hear foster city, I think Visa and Gilead.
AI is too smart to stay in SF.
Really a no-brainer why any business needs to be and stay in SF. High costs, crime, homeless, drugs are all good reasons to leave. AI company can survive anywhere, doesn't need to be in SF.
We need the mall / downtown area back not stupid Ai!
I left my heart (shoes) in san francisco
“Abandons” …😭. Nobody can leave the bay without abandoning it I guess. The bay isn’t the same as in the 80’s-2010’s. It just doesn’t have the same energy and people. The soul is gone.
Stop lying.
No modern place is the same as the 80s unless you’re out in the sticks with nothing to do.
Replit isnt a real AI company, they just jumped on the bandwagon
The "consultant' hogwash was strong in this news story.
If only SF had a downtown railway station....
Waiting to see protests against AI
San Francisco to Foster City.
High Living Standards.
Wonderful, our leaders….
Tbf, the linear algebra needed for real engineers working in AI is something that can be learned in Bangalore or Kigali. SF is not worth the still outrageous rents, and wfh tech allows talent to be sourced from anywhere. The issue is that the 700 or so VCs here with their billions are the only reason to be in the area. There's still no way to get down on your knees and wipe your chin remotely.
SF obviously let itself go.
I was driving down Van Ness this afternoon, and it was looking rough. A guy was walking down the sidewalk talking to someone who wasn't there. Then I witnessed a guy set up camp on the "On Ramp" of the freeway. Wow
Yet, over 200 volunteers just cleaned up 😂😂
Recall London!
Why do they have to be in California. Find another state to "revive" .
sf is dead, no retail scene, car break in scene, needles scene, feces scene.
Stop watching FOX news, it will improve your mental health. SF grew in population and has 840k residents. So it is not dead.
Get ready for the housing market to boom
Yes! I'll be ready in 2036.
All the houses in FC are already over 1.5million.
One company, how many workers? They probably already live in the south bay too.
Who?
AI is smart and said it’s too progressive and told the company to leave SF.
AI should’ve never been invented
Divest SF
Self advertising lol 😂
LOL this news. They literally moved from 1 stop on the BART to another.
"the" 😅
Dont blame them one bit.
And you wonder why?
😂😂😂😂fools
This is just the start. They will eventually move to Texas
Biden need to living in san francisco 😂
With crime homeless people
He and Trump need to go live in Israel, the country they both love so much.
More companies, more workers in the suburbs, where no housing is ever built! Get ready for prices to rocket again.
Play capitalist games, win capitalist prizes. Not sure why anybody is expecting something like loyalty from a profit purpose company that exists... to make money? It's a cost-benefit analysis based on numbers. Ever since citizens united declared corporations are people it's like all the humans forgot corporations are not actually people.
Based
Foster City is about as dull and soul crushing as you can get. I hate having to go there for Costco. I think it's about lower rent/taxes
FC is not that bad. They have a Farmers Market on Saturdays, Off the Grid Food Trucks on Wednesday, and sometimes free concerts on Fridays. And has one of the busiest pickleball courts in the bay area.
I doubt that your assessment matters to the company.
London breed guys, london breed. FYI shes up for election, so remember to vote!
Well homelessness and crime is tge best selling feature of San Francisco no offense 😂😂
But Biden says the economy is great lol
Tech dorks should be forced to live and work in the conditions they created
Congrats. You get today's prize for most ignorant comment.
What does the city problems with moving ..lies you have parking you have bart .. you feed your employees your not a business loosing money due to crime your not a customer based business ..excuses
sf is over. sad but its the new reality.
Thousands of AI companies? Really?
So what's new. The city needs to get rid of all supervisors and the mayor..we have bad leaders and bad culture in SF..
Ahmed is not an expert. If one leaves they all start to leave. I wonder who they get paid by. We all know what's up w SF.
title is a clickbait. whoel Bayare is filthy, SF is worse. Fostercity is filthy and stinky as well.
no one cares
this news will send
One London Breed on a shopping spree
this time for a vintage & gluten free Unicorn
No one is looking to move to Oakland. 😂
The criminally insane industrial complex has the upper hand in SF politics, general tech has long left SF for other states. This is SF's last chance to retain some semblance of tax payers or fall further into the one sided pit they have created.
Another business scared away by socialism.
Many will follow .. SF keep voting Democratic and defund the police the shitty by the bay 😂
SAn Fran is such a great city that everyone is packing up and leaving!
ALL OF MY COMMENTS ARE BEING DELETED. AGAIN
~ They will Ultimately Fail.... all the REAL TALENT is up in the City....