Major Artificial Intelligence Hub to Bolster State’s Innovation Economy

Investment of Over $72 Million Expected to Support Long-Term Success of the Hub

TRENTON, N.J. (Jan. 31, 2025) – Governor Phil Murphy and Princeton University President Christopher L. Eisgruber on Friday announced that Microsoft, CoreWeave, New Jersey Economic Development Authority, and Princeton University are expected to invest over $72 million to support the long-term success of the New Jersey AI Hub.

About the New Jersey AI Hub

The New Jersey AI Hub is a major artificial intelligence hub that will bolster the state’s innovation economy. The hub will provide a platform for researchers, developers, and businesses to collaborate and develop innovative solutions using artificial intelligence.

About Microsoft

Microsoft is a technology company that creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of its customers. The company is committed to making AI available broadly and doing so responsibly, with a mission to empower every person and every organization on the planet to achieve more.

For More Information

For press inquiries only, please contact Microsoft Media Relations at (425) 638-7777 or [email protected](mailto:[email protected]).