How Mass Resignation of OpenAI Workers Could Impact S.F.’s Real Estate Market

In light of recent events with the artificial intelligence (AI) startup, OpenAI, real estate partner Nate Touboul sheds additional light on how internal movements within these companies in the life science sector truly impact the market for lenders and borrowers.

“AI technology is changing so rapidly that a company that is at the forefront of the field today could become obsolete in a matter of months. I think it’s going to add jitters and uncertainty to the underwriting process for landlords and lenders when they are analyzing these deals. The counter argument is that for smaller companies whose executives aren't well known to outsiders, or aren't intrinsically tied to the brand of the company, internal shakeups such as a CEO removal wouldn't have as much of an impact.”

Read the full article here.