PYMNTS.com November 14, 2024
OpenAI’s reported proposal for special economic districts across America could unleash billions in private investment and dramatically accelerate domestic tech infrastructure, marking Silicon Valley’s boldest push yet to reshape how artificial intelligence (AI) technology gets built, analysts say.
The proposal would establish government-backed zones offering streamlined permitting for data centers and chip plants while providing tax incentives to AI companies. It’s a part of OpenAI’s strategy to accelerate America’s AI capabilities amid intensifying global competition for technological dominance.
“With dedicated zones, companies would likely choose locations based on these areas’ infrastructure, regulatory flexibility, and AI-focused incentives and resources,” Maxim Manturov, head of investment research at stock brokerage Freedom24, told PYMNTS.
“To attract companies, these AI economic zones might have to...
Today's Sponsors
Today's Sponsor