New Jersey creates $20M fund to support AI startups

New Jersey creates $20M fund to support AI startups

Gov. Phil Murphy said the initiative will help create jobs, strengthen local economies and bolster New Jersey's reputation as a center for innovation.

NJEDA, CoreWeave launch $20M NJ AI Hub fund

The basics: NJEDA and CoreWeave created a $20M AI Hub Fund to support New Jersey startups The NJEDA approved a $10M investment matched by CoreWeave and affiliates Fund supports early- and growth-stage AI companies tied to the NJ AI Hub Initiative aims to drive job creation and expand New Jersey’s innovation economy The New Jersey Economic Development Authority and CoreWeave announced Dec. 15 the creation of a $20 million NJ AI Hub Fund to suppo…