AI

Examining the geographic concentration of VC investment in AI

Thursday, August 14, 2025
The dominance of artificial intelligence (AI) investments in venture capital (VC) has been a consistent storyline in the first half of 2025. PitchBook, Carta, Crunchbase, and many others have all pointed to the significant portion of investment dollars and deals flowing to AI companies. With the volume of companies, deals, and dollars involved, it is more than a spike in the usual cyclic nature of  VC investment.   As SSTI wrote in our review of Q1 venture capital investment activity, VC has been concentrating in larger deals. With market trends and mega deals in AI so well documented, we explore investment concentration from  deal size and geographic perspectives. As with prior analyses, we focus on deal sizes more relevant to TBED initiatives to help regional innovation leaders identify where they might find opportunities, face challenges, or set priorities in such a dynamic environment. Excluding the largest deals from our analysis appears to be increasing important, considering  PitchBook’s findings that just ten companies accounted for 41% of all venture dollars so far this year.  

Federal Reserve Bank of Atlanta investigates employer demand for AI skills

Thursday, June 26, 2025

In 2024, nearly 628,000 job postings demanded at least one AI skill, according to research from the Federal Reserve Bank of Atlanta’s Center for Workforce and Economic Opportunity. The research also revealed that the percentage of all job postings requiring at least one AI skill increased from approximately 0.5% in 2010 to 1.7% in 2024.

Understanding the global growth potential of AI

Thursday, May 1, 2025

The AI market is projected to reach $4.8 trillion by 2023—a 25x increase in just 10 years, according to the UN Trade and Development (UNCTAD) 2025 Technology and Innovation report. The technology will be leap-frogging other “frontier tech markets,” including the Internet of Things, which currently dominates 36% of the market for emerging platform technologies. The super-charged AI market will impact up to 40% of global jobs, both positively and negatively.

AI hub in New Jersey opens as a state-university-industry partnership

Thursday, April 3, 2025

Gov.

Gov. Phil Murphy and representatives from the founding partners—the New Jersey Economic Development Authority (NJEDA), Princeton University, Microsoft, and CoreWeave—officially opened the New Jersey Artificial Intelligence (NJAI) Hub on March 27, 2023. Together, the founding partners will invest over $72 million to support the long-term success of the hub. New Jersey’s NJEDA has committed $25 million; the remaining $47 million of donated services and support will come from Princeton and the industry partners. A portion of NJEDA’s and CoreWeave’s committed funding will include a planned NJ AI Venture Fund supporting innovation commercialization through equity investments.

As small business use of AI increases, entrepreneurial support efforts must as well

Thursday, March 13, 2025

By automating routine tasks, improving data analysis, and enhancing marketing efforts, AI can revolutionize how small firms conduct business—and that should impact the type of assistance technology-based economic developers offer their innovation-driven entrepreneurs. Understanding how small business owners perceive and utilize AI is crucial for developing strategies that support their growth and competitiveness. 

House AI report makes recommendations supporting R&D, workforce, and AI small business integration

Thursday, January 9, 2025

The federal government spending on non-defense AI R&D has increased from $560 million in fiscal year 2018 to $2.1 billion in 2023, according to the bipartisan House Task Force on Artificial Intelligence report released in the closing month of the 118th session.

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