Billionaire Steve Ross Nets Fortune 500 AI Company for West Palm Beach Tower
ServiceNow to open innovation hub in Steve Ross' 10 CityPlace tower, boosting billionaire's vision for tech hub in West Palm Beach.
ServiceNow, a Fortune 500 cloud computing company, has announced plans to open an innovation hub in West Palm Beach's 10 CityPlace tower, currently under construction by Related Ross, owned by billionaire Steve Ross. The move is seen as a significant boost to Ross' vision of turning the city into a thriving tech hub.
The Palm Beach Post reported that ServiceNow, led by CEO Bill McDermott, will occupy a significant portion of the 10 CityPlace tower, bringing in an estimated $17 million in revenue for the firm. The company, based in Santa Clara, California, specializes in using AI to assist businesses with task organization and automation.
According to industry experts, the decision by ServiceNow to open an innovation hub in West Palm Beach is a clear indication of the city's growing appeal as a tech destination. With billionaire Steve Ross at the helm of the 10 CityPlace project, it's clear that the city is attracting major players in the industry.
However, some critics are questioning the potential conflicts of interest in Ross' involvement in the development of the 10 CityPlace tower and his plans to turn West Palm Beach into a tech hub. As one real estate insider put it, "It's hard to ignore the influence and power that comes with being a billionaire developer."
In response to these criticisms, a spokesperson for Related Ross stated that the company welcomes the addition of ServiceNow to their project and believes it will bring significant economic benefits to the city. "We are excited to have such a prestigious company join us at 10 CityPlace and we are confident it will help drive growth and innovation in West