?????????????? This week in Bay Area business: Big discounts in Oakland, AI Nobel prizes and the Valkyries have a coach
San Francisco Business Times
The San Francisco region's source for local business news & events. Part of the American City Business Journals network.
Et tu brute?
AI has penetrated many areas and now that includes the Nobel prizes, the pinnacle of human achievement.
Is this an example of the Nobel committees believing the hype? Jumping on the artificial intelligence bandwagon? Or an underlining of the scope, scale and power of AI-assisted research? Perhaps and maybe. What is more sure is the myriad impacts that this technology continues to have in the local economy and wider world.
Elsewhere, there were big real estate moves in Oakland and San Francisco.
And a key appointment at the Bay Area's most anticipated sports team is aiming for championships.
All this and more in another week in Bay Area business.
Oakland office tower trades hands for 82% discount by Hannah Kanik
A lot can happen in seven years. Lakeside Group and Rubicon Point Partners, LLC have acquired an Uptown Oakland office building for a fraction of a what it sold for in 2017. Market watchers looking for bottom-signaling signs could be ?? at this one. Read the full story.
On Nobel day for AI in drug discovery, Peninsula biotech strikes AI deal with giant drugmaker by Ron Leuty
As the Nobel chemistry prize committee went all in on AI, South San Francisco-based insitro Inc. inked three drug discovery deals with Eli Lilly and Company. Daphne Keller, Insitro's founder, eschews the hype around AI, despite or maybe because of founding an AI and machine learning-focused biotech. Read the full story.?
We built this city . . . by Alex Barreira
Rudy Colombini has opened for Elton John and the Beach Boys, but his proudest achievement is Music City San Francisco , his five-story, $20 million rock-and-roll complex. And after years of construction the venue is back. Later this month it is shutting down a corner of Lower Polk for a street festival. Read the story and full details of the free festival.
Even with development projects on hold, Hines is growing its San Francisco portfolio by Sarah Klearman
Hines has acquired a San Francisco apartment complex, growing its portfolio in the city even as many of its development projects remain on pause. Read the story.
The week in real estate
Meet the new head coach of the WNBA's Golden State Valkyries by Ron Leuty
Bay Area basketball has a new team, the Golden State Valkyries . And now the Valkyries have their first coach. "I'm obsessed with winning and winning a lot of championships," at her unveiling. Read all about Natalie Nakase's journey to the WNBA's newest team.
领英推荐
Rate cuts won't save us, say Wells Fargo economists by Mark Calvey
Those looking to the Federal Reserve for economic/divine inspiration might have to turn elsewhere. That's according to 富国银行 analysts who caution that lower interest rates might not be a "magic elixir." Read more.
Don't trip: Former Apple, Humane executives launch new AI startup by Sara B.
A new San Francisco startup founded by former Apple and Humane execs is helping organizations with sensitive data prevent hallucinations in artificial intelligence models. Read the full story.
'Winners' of startup's $100,000 small business competition say they walked away with nothing by William Hicks
If it sounded too good to be true, maybe it was. A startup competition offering free rent, in San Francisco, has left winners feeling shortchanged. Read more.
ICYMI here's what else you need to know
Moonshots and Doom Loops ?????????
This weekly Bay Area business? round-up is written by Simon Campbell, special projects editor at the San Francisco Business Times.
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Have a great week, we'll see you next time.