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CoreWeave’s IPO Marks a Milestone for New Jersey’s AI Ecosystem

American Entrepreneurship

Despite the IPOs scale, investor enthusiasm was tempered by concerns over CoreWeaves financial sustainability. Microsoft alone accounted for over 60% of CoreWeaves 2024 revenue, raising questions about customer concentration risk. The company reported $1.92 The NJ AI Hub adds another layer to CoreWeaves deepening roots in the state.

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NJEDA Board Approves Two Programs to Advance New Jersey’s Leadership in Artificial Intelligence

American Entrepreneurship

AI presents a tremendous economic opportunity for New Jersey, poised to create good-paying jobs, catalyze new discoveries, grow our start-up community, and foster long-term economic growth, said Governor Murphy.

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Ohio Small Business Program Launches, Partnership of JobsOhio and Aileron

American Entrepreneurship

Aileron’s mission is to elevate owners, leaders, and teams and to build an organization-wide system that creates sustainable change and drives lasting results. It will blend in-person and virtual events, facilitated by Aileron , founded by the late Dayton-area leader and philanthropist Clay Mathile.

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Digital Transformation Is Crucial for Longevity According to Cisco Study

Smart Hustle Magazine

IDC’s analysis of data from eight countries finds the massive impact digitalization can have on GDP by 2024. How much small business digital transformation could boost economic growth. trillion to the combined GDP of these eight countries by 2024. trillion to the region’s economy by 2024. trillion to $14.6

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NJEDA Awards First $2M under Angel Match Program to Support Early-Stage Technology Companies

American Entrepreneurship

April 24, 2024) – The New Jersey Economic Development Authority (NJEDA) has closed its first four approvals under the Angel Match Program , awarding a total of $2 million to support early-stage technology companies. $20M program matches investors’ direct investment in product-based companies TRENTON, N.J.

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NJEDA Partners with AfroTech to Host Major Innovation Event During North to Shore Festival

American Entrepreneurship

June 19, 2024) – The New Jersey Economic Development Authority (NJEDA) and AfroTech have partnered to host AfroTech Executive 2024 in Newark during this year’s North to Shore Festival. AfroTech Executive 2024 will take place on Friday, June 28, 2024, at 3:00 p.m. TRENTON, N.J.

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NJEDA Approves NJ Innovation Evergreen Fund Investment in Women-Led Clothing Distributor

American Entrepreneurship

July 17, 2024) – The New Jersey Economic Development Authority (NJEDA) Board today approved an investment from the New Jersey Innovation Evergreen Fund (NJIEF) into an emerging women-led company, The Many Company. Bullpen Capital has invested over $3 million into The Many Company TRENTON, N.J.