Boston Seizes on California Billionaire Tax to Lure AI Talent
Updated
Updated · Bloomberg · May 28
Boston Seizes on California Billionaire Tax to Lure AI Talent
2 articles · Updated · Bloomberg · May 28
Massachusetts business and political leaders are pitching California’s proposed billionaire tax as a chance to keep more AI founders and researchers in Boston instead of losing them to Silicon Valley.
Boston’s case rests on a deep local pipeline: Harvard, MIT and other area schools already train talent that often heads west to build billion-dollar AI companies.
That outflow has left Massachusetts struggling to convert its academic and biotech strengths into a leading position in the AI boom driving much of U.S. economic growth.
With its own economy faltering, can Massachusetts truly win the AI talent war against booming, lower-cost tech hubs?
As Europe lures away US tech workers, is Massachusetts' rivalry with Silicon Valley an outdated battle?