In December, President-elect Donald Trump and SoftBank CEO Masayoshi Son announced $100 billion in US investments to create more than 100,000 new jobs in artificial intelligence and related infrast…
AndSus - stock.adobe.combecoming the home of CHIPS for America EUV Accelerator, one of three National Semiconductor Technology Centers. It will unlock $825 million in federal funds for research and development.President-elect Donald Trump listening to DAMAC Properties CEO Hussain Sajwani during a press conference at Mar-a-Lago in Palm Beach, Florida.For brokers and building owners yet to recover from the pandemic, artificial intelligence investment is a godsend.
“AI needs access to a highly skilled workforce with a distinct set of skills apart from the broader tech industry,” explained Sacha Zarba of CBRE. “The fact that employees want to come to the office to work in New York is a huge driver for overall demand.” Canadian AI company Cohere.com — with offices in Toronto, Palo Alto and London — opened a city space at 1 Little W. 12th St. in the Meatpacking District. That’s not to be confused with Cohere.io, with offices at 285 Fifth Ave., which was just acquired by Ramp at 28 W. 23rd St.
“New York attracts both graduates and the employee base. Almost 40% of relocators to New York are coming from the West Coast and the venture money pouring into New York is driving part of this surge.” And right on schedule, DataBank will complete a 45 megawatt center in upstate Orangeburg that will link to its Manhattan locations at 60 Hudson and 111 Eighth — along with 165 Halsey St. in Newark.
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