At the close of 2023, New Jersey and Princeton University unveiled plans to create an AI Hub, aiming to enhance job growth and innovation in artificial intelligence through a collaboration with the New Jersey Economic Development Authority. Joining forces with Microsoft and CoreWeave as founding partners, the initiative anticipates investments exceeding $72 million. The hub will facilitate research, development, and education with an AI accelerator designed to support startups. Additionally, Microsoft will introduce its TechSpark program to nurture job opportunities and enhance talent through various educational initiatives.
The AI Hub, supported by tech giants like Microsoft, aims to stimulate job growth and innovation in the AI sector within New Jersey.
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