Generative artificial intelligence (GenAI) companies have been growing exponentially across the Bay Area, specifically in San Francisco, over the past three years. This report explores the genesis and concentration of GenAI in the Bay Area (the San Francisco and San Jose metropolitan statistical areas) with key statistics that highlight their dominant presence in the market including commercial real estate trends, venture capital, and job growth.
Key Takeaways:
- There are 825 AI companies headquartered in the Bay Area, with the next highest concentration of 237 in the Greater NYC Market.
- A staggering 82% of global Gen AI venture capital (VC) funding in 2024 was absorbed by Bay Area based companies.
- C&W projects a 200% footprint growth for GenAI companies over the next 24 months in the region.