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Biden unveils ‘tech hubs’ in 32 states for AI and Clean Energy

Daniel Nenni

Daniel Nenni

Admin
Staff member
Mon, October 23, 2023 at 6:53 AM PDT·1 min read
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President Biden on Monday announced 31 new regional tech hubs across the United States to focus on growing industries including semiconductors, clean energy, critical minerals, and artificial intelligence.

The Regional Innovation and Technology Hubs, also known as Tech Hubs, are designed through the Department of Commerce Economic Development Administration.

They aim to grow industries that are “critical to economic growth, national security, and job creation, and will help communities across the country become centers of innovation critical to American competitiveness,” according to the White House.

Biden is set to announce the tech hubs designated in 32 states and Puerto Rico later on Monday alongside Commerce Secretary Gina Raimondo.

The funding for the grants to designate the tech hubs comes from the CHIPS and Science Act, which the president signed into law last year.
The hubs include Heartland BioWorks in Indiana, which aims to develop central Indiana into a global leader in biotechnology and biomanufacturing, Baltimore Tech Hub in Maryland, which aims to develop innovative predictive healthcare technologies by applying artificial intelligence to biotechnologies, and the Gulf Louisiana Offshore Wind Propeller in Louisiana, which aims to transition Louisiana’s energy economy from its legacy of oil and gas to offshore wind and renewable energy.

www.yahoo.com

Biden unveils ‘tech hubs’ in 32 states, Puerto Rico

President Biden on Monday announced 31 new regional tech hubs across the United States to focus on growing industries including semiconductors, clean energy, critical minerals, and artificial intelligence. The Regional Innovation and Technology Hubs, also known as Tech Hubs, are designed through...
www.yahoo.com www.yahoo.com
 
McDermott released record profits this morning and went over the AI strategy for Service Now with domain specific generative AI for their customers at lower cost. Service Now is becoming the most successful company at setting up generative AI systems for their customers working closely with the chairman of Nvidia.
 
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Biden's track record clearly indicates he is not the person to set up a program like this and will at best have a hard time attracting and working with the talent needed to pull this off on a cost effective and results basis. To attract good people, you need a good team and his team from the VP on down have clearly demonstrated they don't have the talent to pull this off and probably can't even attract the talent needed due to their records.
 
Arthur Hanson said:
Biden's track record clearly indicates he is not the person to set up a program like this and will at best have a hard time attracting and working with the talent needed to pull this off on a cost effective and results basis.
Click to expand...
I've been watching the slightly earlier CHIPS Commons hubs and this looks like a very similar plan. Each hub pulls together a score or so of university and industry players who can claim to be interested in the hub theme, and make some agreement to cooperate so that specialized facilities can be contracted to researchers to form an overall project. The money is then doled out to the members for purposes they pledged at sign up, about a 3rd of which is generally pledged to skills training and the rest goes to things like adding equipment. If you divide the pot by the number of players each gets a $M or two. The hubs open up a portal where people wanting to make things can then sign up for use of the resources of the players, but there seem to be no funds for those projects directly, just the benefit of creating a collaborative pool with some new resources to use and technicians trained (but it is pretty clear most trainees will be expected to graduate into the job market).

There really is not much for the Executive Branch to administer, once it goes live. The teams are all set to go, they get money, we see what they do with it.
 
Arthur Hanson said:
McDermott released record profits this morning and went over the AI strategy for Service Now with domain specific generative AI for their customers at lower cost. Service Now is becoming the most successful company at setting up generative AI systems for their customers working closely with the chairman of Nvidia.
Click to expand...
Did you mean to post this in another thread? Financial results of IT service management software company seems off topic.
 
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