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New Jersey's $500 Million Bid to Become an AI Epicenter

Wired LogoWired10h ago

New Jersey's $500 Million Bid to Become an AI Epicenter - Wired

Quick Summary:

The Garden State has enacted a hefty new tax credit specifically for AI businesses.

But tax incentives—particularly around data centers—haven’t always created large numbers of jobs.

But those data center tax credits are “not particularly strategic,” says Tim Sullivan, CEO of the New Jersey Economic Development Authority.

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Article Details

Author / Journalist: Amanda Hoover

Category: TechnologyEconomy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 18:29:25 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: wired.com

Language: English

Article Length: 1731 words

Reading Time: 10 minutes read

Sentences: 64 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Wired

News ID: 21776117

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About Wired

Main Topics: TechnologyEconomy

Official Website: wired.com

Update Frequency: 16 posts per day

Year Established: 1993

Headquarters: United States

News Last Updated: 13 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #111

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