Lux Capital maps New York's vibrant AI ecosystem
- The Great Talent Dividend creates opportunities for NYC AI ecosystem.
- Lux, founded in NYC in 2000, made its first AI investment in 2013.
- Lux's AI portfolio includes Hugging Face, Runway, Osmo.ai, and Modal, with other companies like Together, Clarifai, and Databricks having a significant presence.
- Introduced: NYC AI Map and NYC x AI Company Directory (150+ AI companies).
- NYC's AI sector benefits from top universities, research labs, and a $400M Empire AI Consortium.
- NYC attracted 1 in 7 tech workers (2019-2023) and had a 3.6% net gain in 2023.
- NYC holds 20% of AI venture capital, second to SF's 40%.
- Lux AI portfolio saw 57 of 179 relocating employees move to NYC (2020-2024).
- Talent migration and collaboration within AI sectors are vital.
- NYC's AI talent market is unique and growing rapidly.
