From AI to Absorption: Office Demand, AI Talent Concentrations, and What it Means for Data Centers

A quarter of the world's top 100 AI Companies Are Headquartered in California Global Top 100 AI Co. HQ’s Concentrated in California

• Of the global top 100 AI companies, 65 are based across 15 U.S. states. • Cities in California with the most HQs include San Francisco (6), Palo Alto (3), Santa Clara (3), San Jose (2) and Campbell (2). • Of the nine AI companies headquartered in Texas, seven are in the Austin area.

Source: Cushman & Wakefield Research, Pitchbook, 2023

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