Skip to main content

Blog

Learn About Our Meetup

5000+ Members

MEETUPS

LEARN, CONNECT, SHARE

Join our meetup, learn, connect, share, and get to know your Toronto AI community. 

JOB POSTINGS

INDEED POSTINGS

Browse through the latest deep learning, ai, machine learning postings from Indeed for the GTA.

CONTACT

CONNECT WITH US

Are you looking to sponsor space, be a speaker, or volunteer, feel free to give us a shout.

[N] WeWork, OpenAI headline $200 million plan for 30-acre jewel of Presidio

Now we have more details about how OpenAI LP is using the proceeds of their “Capped-Profit” investment vehicle 🙂

From the article:

WeWork’s parent company, artificial intelligence company OpenAI and the World Economic Forum have teamed up on a proposal to redevelop and renovate the 22 barracks and buildings of the Presidio’s Fort Scott campus.

The We Company’s space would be split between “mission-driven” companies — those “focused on addressing the significant environmental and/or social challenges of our time,” as specified in the Presidio Trust’s Requests for Proposals — and the EPIC Institute, a nonprofit funded by the California Clean Energy Fund, a private equity and VC firm. The Lela Goren Group, a woman-owned and operated real estate developer, would be the co-developer along with The We Co.

Site plans call for artificial intelligence company OpenAI to lease about 107,000 square feet of space for its offices and labs, many of which are adjacent to two office buildings previously developed by the Presidio Trust and currently occupied by the World Economic Forum.

https://www.bizjournals.com/sanfrancisco/news/2019/03/15/wework-openai-redevelop-presidio-fort-scott.html

submitted by /u/milaworld
[link] [comments]