TECH - Biden Administration Pumps $504M To Boost AI Chip Innovation In Tech Hubs | Benzinga
The Biden administration has unveiled a $504 million funding package aimed at bolstering 12 regional technology hubs across the United States.
What Happened: The funding, via the Department of Commerce, is intended to stimulate research in fields such as artificial intelligence, semiconductor manufacturing, and clean energy. This initiative is part of a larger strategy to promote private investment in advanced industries outside traditional innovation centers, according to an official note from the White House.
Among the recipients are hubs located in New York and Florida, as well as Nevada and a center in South Carolina, which also serves parts of Georgia.
The awards include $19 million for researchers in ...