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Empire State of AI: New York’s dynamic AI community | Silicon Valley Bank

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Register for upcoming live webinars and access recorded webinars to learn about the latest trends for your business and industry. New York is home to a close-knit artificial intelligence (AI) ecosystem that may surprise those outside the community, but it’s obvious to any New York-based founder or investor that the types of AI companies built in this city would not exist elsewhere. San Francisco, home to Open AI, Anthropic and the “Cerebral Valley” tends to soak up more spotlight as an AI hub. However, San Francisco’s concentration of tech makes for boom-and-bust cycles, while New York is more balanced due to its diverse array of industries including finance, fashion, biotech, media and entertainment. New York is also home to the headquarters of 44 Fortune 500 companies, creating a concentration of top decision makers and AI buyers. These features create a synergy between AI startups and the industries they hope to transform. In this article, we dive into the forces influencing the gro

Key takeaways New York is an emerging AI startup hub due to its diverse mix of industries, academic and corporate AI Labs, and the presence of local venture funds investing in AI. In New York, 71% of AI startups are in the AI application space versus 66% globally. New York is home to 35 AI unicorns who have raised $17B. New York is home to a close-knit artificial intelligence (AI) ecosystem that may surprise those outside the community, but it's obvious to any New York-based founder or investor that the types of AI companies built in this city would not exist elsewhere. San Francisco, home to

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