Despite its leading role in the 1980s AI revolution, Boston faces an 'exodus' of companies to the Bay Area due to networking and funding opportunities.
Governor Maura Healey initiated an AI taskforce and $100 million funding proposal to establish an 'Applied AI Hub' in a bid to retain tech talent.
The Bay Area dominates AI investments, receiving $22 billion out of $31 billion invested in US AI companies last year.
San Francisco's Hayes Valley has become known as 'Cerebral Valley,' housing big tech names like OpenAI and companies attracting significant investments like Anthropic.
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