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Sam Altman is the worst mistake of the tech industry. edit: Like, I'm only half snarky. He ran like one ok company and then got pretty much coronated into OpenAI. edit: edit: Like really. It was a company that let you share your phone location. Revolutionary unicorn to the moon on steroids for sure. https://en.wikipedia.org/wiki/Loopt
Remote work threatens the foundation of the commercial real estate market. Expect a huge push to get people back into the office - especially if there is softness in the job market.
Be that as it may, why would corporations that are tenants rather than landlords make decisions on that basis? Remote work saves companies a lot of money on office space.
They had a political problem with investors (why are you wasting all this money of office space that nobody is going to?) and getting people back into the office was the easiest way to take that heat off of them.
They did eventually force everyone back in the office, but I had moved on shortly before that happened.
I could not disagree more. At least for the last decade in the places I've worked (major tech companies), everyone has been doing "remote work" anyway even though they were in the office. I mean, meetings were held online, discussion took place through chat, etc., between people literally sitting in cubes next to each other. Everything is just more efficient and less disruptive that way. Working from home changed no…
His general comment is about full 100% transition from in office to remote.
I agree with this. You need SOME time in person, especially with an early stage startup.
> Altman also spoke about the future of AI. According to Altman, AI needs to be treated with “extreme seriousness” as the tech might have “existential risk” attached to it. I really, really wish that OpenAI would start behaving as if they believed this.
99% chance he has a vested interest in commercial real estate. Take what he says on this matter with a gigantic DOUBT pill.
Earlier quoted context omitted.
Yeah that was particularly gross and unbecoming
I think being open and honest about the problems the electorate and elected leaders have caused is the first step in the direction of fixing them.
Remote work threatens the foundation of the commercial real estate market. Expect a huge push to get people back into the office - especially if there is softness in the job market.
Presumably less demand for space will reduce cost of that space allowing for smaller, newer, experimental businesses to be able to buy into that space.
Commercial space can become less about being a place to work or to store a bunch of products to sell, to places where people meet and hangout, to train and collaborate, and to build synergies between businesses that benefit from sharing resources.
Remote work threatens the foundation of the commercial real estate market. Expect a huge push to get people back into the office - especially if there is softness in the job market.
well, as a counter point, it could be a huge win for real estate if given they could convert the office space into apartments for people which is much needed. I know these buildings aren't setup in regards to plumbing and what not, but we can adapt.
If demand falls off the price will decline. They might respond by rezoning some commercial into residential, which would be great for residential buyers, but the existing landlords would not be pleased by anything that makes any real estate more affordable (i.e. less valuable).
Which is, of course, good. But they're going to try to prevent it any way they can.
I assume he’s got either direct or indirect links to commercial realestate; as an owner or investor or something else. It makes literally 0 business sense to be forking out anywhere from a few hundred to a few thousand per employee per month to give them a space to work, when that can just be avoided. The amount of cost and overheads involved; from insurance to upkeep to rent to OHS - a work space is probably the nex…