$1 billion AI company abandons San Francisco for Bay Area Peninsula

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.

#ai #artificialintelligence #business #siliconvalley #abc #abc7news

[mikelee]

Replit is worth 1B just like elizabeth holmes is worth 4.5B

[yecombinator]

replit is an ai company is like saying home depot is a construction company. they're not making any money

[alihakimi]

Delusional people not accepting the bad policies have consequences

[Dr_KW]

The rent of the commercial properties in the bay is insane given how many vacant properties there are.

[AP-hjvm]

All companies are leaving SF, not just this one AI company 😂

[Lptr]

Why do they keep showing Salesforce tower? Does anyone know where this company was even located?

[ScreenTalker]

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

[johnf]

London Breed is falling down, falling down, falling down…..

[DwnRace]

Don’t worry…. Mayor Breed will recommend more soccer fields and pandas….

[rainbow]

Crime, traffic, homelessness probably killing San Francisco.

[erikaleon]

Bullshite, this companies will go wherever it’s convenient for them

[casnimot]

If they're still anywhere in the Bay Area, they've learned nothing and that's about what they're likely to be worth.

[San_Francisco_Downtown_Watcher]

San Francisco is too dangerous to people to commute

[AKAAAK]

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.

[_ac_]

AI doesn't like al fresco street toilets

[moon]

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

[ekhks]

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.

[youdontsay]

SF is well on its way to becoming Detroit.

[HeyUncleA]

“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.

[rr]

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.