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

Wired LogoWired4d 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 for data centers—don’t always create a lot 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: BusinessTechnology

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 (4 days ago)

News Timezone: GMT +8:00

News Source URL: wired.com

Language: English

Article Length: 1792 words

Reading Time: 10 minutes read

Sentences: 71 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Wired

News ID: 21843634

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About Wired

Main Topics: BusinessTechnology

Official Website: wired.com

Update Frequency: 1 posts per day

Year Established: 1993

Headquarters: United States

News Last Updated: 15 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #109

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  • URL: https://beamstart.com/news/new-jerseys-500-million-bid-17223041032655

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