Key points:
• Microsoft, CoreWeave, the New Jersey Economic Development Authority (NJEDA), and Princeton University are forming a major artificial intelligence (AI) hub in New Jersey
• The NJ AI Hub will be a collaborative ecosystem that integrates research, innovation, education, and workforce development to position New Jersey as a leading East Coast center for AI innovation
• Microsoft will leverage its TechSpark program to provide expertise and resources for AI skilling and workforce development, creating opportunities for innovation in New Jersey and the region
TRENTON, N.J. – Governor Phil Murphy and Princeton University President Christopher L. Eisgruber announced today that Microsoft and CoreWeave will join the state and Princeton as founding partners in the NJ AI Hub, a state-of-the-art, collaborative ecosystem that integrates research, innovation, education, and workforce development. The NJ AI Hub will be located along Route 1, New Jersey’s innovation corridor, at 619 Alexander Road in West Windsor, in space provided by Princeton University.
The NJ AI Hub will help position New Jersey as a leading East Coast center for AI innovation, fostering world-class research, innovation, education, and workforce development. Microsoft will leverage its TechSpark program to provide expertise and resources for AI skilling and workforce development, creating opportunities for innovation in New Jersey and the region.
"This collaboration represents the best of what private-public partnerships can achieve, bringing together the brightest minds from government, academia, the business community, and our team of experts to foster groundbreaking AI innovation in New Jersey," said Brian Venturo, Co-Founder and Chief Strategy Officer at CoreWeave. "Together, we’re advancing the future of technology while driving meaningful economic growth and strengthening New Jersey’s role as a leader in the global AI landscape."
Microsoft, CoreWeave, the NJEDA, and Princeton University will focus on three key areas of programming at the NJ AI Hub: research and development, commercializing and accelerating innovation, and strengthening AI education and workforce development. The partners will also work together to develop a planned NJ AI Venture Fund, which will support innovation commercialization through equity investments.
The Hub is expected to receive significant funding from the NJEDA, with up to $25 million committed for the NJ AI Hub and the NJ AI Venture Fund. Microsoft’s TechSpark program will also provide resources for AI skilling and workforce development, creating opportunities for innovation in New Jersey and the region.
"This partnership will not only solidify New Jersey’s position as a global technology leader, but it will also attract high-paying, sustainable jobs for our residents, allowing for a stronger and more prosperous future for our state," said Governor Murphy.
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