New York City Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! === Tech and biotech === {{further|Tech:NYC|Tech companies in New York City|Biotech companies in New York City|Silicon Alley}} [[File:Flatiron District.jpg|thumb|The [[Flatiron District]] is the cradle of [[Silicon Alley]], initially metonymous for the New York metropolitan region's high tech sector]] [[File:Cornell_Tech_buildings_(41991).jpg|thumb|[[Cornell Tech]] on [[Roosevelt Island]]]] New York is a top-tier global technology hub.<ref name=NewYorkCityDestinationNumberOneTechHub/><ref name=NYCTopTierTechHub>{{cite magazine |url=https://www.forbes.com/sites/bradthomas/2021/09/11/silicon-alley-provides-path-to-prosperity-for-new-york-city/?sh=728c3b7b5465 |title='Silicon Alley' Provides Path To Prosperity For New York City |first=Brad |last=Thomas |magazine=Forbes |date=September 11, 2021 |access-date=August 23, 2023 |quote=As it stands now, the city is second only to Silicon Valley as the largest technology ecosystem in the world.}}</ref> [[Silicon Alley]], once a metonym for the sphere encompassing the metropolitan region's [[high tech]]nology industries,<ref name=Dickey2013>{{cite web |url=http://www.businessinsider.com/silicon-alley-100-2013-2013-10?op=1 |title=SA 100 2013: The Coolest People In New York Tech |first1=Megan Rose |last1= Dickey |first2=Jillian |last2=D'Onfro |website=[[Business Insider]] |date=October 24, 2013 |access-date=July 30, 2014 |archive-url=https://web.archive.org/web/20140722170340/http://www.businessinsider.com/silicon-alley-100-2013-2013-10?op=1 |archive-date=July 22, 2014 |url-status=live }}</ref> is no longer a relevant moniker as the city's tech environment has expanded dramatically both in location and in scope since at least 2003, when tech business appeared in more places in Manhattan and in other boroughs, and not much [[silicon]] was involved.<ref name=Dickey2013 /><ref name=Ward2018>{{cite news |url=https://theculturetrip.com/north-america/usa/new-york/articles/the-history-of-new-yorks-silicon-alley |title=The History of New York's Silicon Alley |first=Peter |last=Ward |work=The Culture Trip |date=March 8, 2018 |access-date=August 23, 2023 |quote=when the revival began in 2003, tech companies didn't stick to the same areas. }}</ref> New York City's current tech sphere encompasses the array of applications involving universal applications of [[artificial intelligence]] (AI),<ref name="AI-NYC1A">{{cite web |url=https://www.nyc.gov/assets/cto/downloads/ai-strategy/nyc_ai_strategy.pdf |title=AI Strategy |work=City of New York |access-date=July 27, 2023}}</ref><ref name="AI-NYC1B">{{cite web|url=https://www.cnbc.com/2023/08/24/google-amazon-nvidia-amd-other-tech-giants-invest-in-hugging-face.html|title=Google, Amazon, Nvidia and other tech giants invest in AI startup Hugging Face, sending its valuation to $4.5 billion|author=Kif Leswing|publisher=[[CNBC]]|date=August 24, 2023|access-date=August 27, 2023|quote=Hugging Face, an AI firm based in New York, has raised $235 million at a $4.5 billion valuation from some of technology's biggest companies.}}</ref> broadband [[internet]],<ref>{{cite web |url=https://www.nyc.gov/assets/cto/downloads/internet-master-plan/NYC_IMP_1.7.20_FINAL-2.pdf |title=The New York City Internet Master Plan |work=City of New York |access-date=July 27, 2023}}</ref> [[new media]], [[financial technology]] (''fintech'') and [[cryptocurrency]], [[biotechnology]], [[game design]], and other fields within [[information technology]] that are supported by its [[entrepreneurship ecosystem]] and [[venture capital]] investments. [[Technology]]-driven [[startup companies]] and [[entrepreneur]]ial employment are growing in New York City and the region. The technology sector has been claiming a greater share of New York City's economy since 2010.<ref name="TechNYC1">{{cite news |first1 = Ben |last1 = Casselman |first2 = Keith |last2 = Collins |first3 = Karl |last3 = Russell |date = February 15, 2019 |title = Even Without Amazon, Tech Could Keep Gaining Ground in New York |newspaper = [[The New York Times]] |url = https://www.nytimes.com/interactive/2019/02/15/business/economy/nyc-tech-startups-amazon.html |access-date = February 16, 2019 }}</ref> [[Tech:NYC]], founded in 2016, is a non-profit organization which represents New York City's technology industry with government, civic institutions, in business, and in the media, and whose primary goals are to further augment New York's substantial tech talent base and to advocate for policies that will nurture tech companies to grow in the city.<ref>{{cite news |first = Jonathan |last = Schieber |date = May 24, 2017 |title = A Year After its Launch, TechNYC Has Become a Force in New York Politics |work = [[TechCrunch]] |url = https://techcrunch.com/2017/05/24/a-year-after-its-launch-technyc-has-become-a-force-in-new-york-politics/ |access-date = March 15, 2019 }}</ref> New York City's AI sector raised US$483.6 million in venture capital investment in 2022.<ref name=NYCArtificialIntelligenceHub>{{cite web|url=https://www.crainsnewyork.com/technology/new-york-artificial-intelligence-firms-raised-whopping-4836m-2022|title=City AI firms bucked the VC downturn, raised a whopping $483.6M in 2022|author=Cara Eisenpress|publisher=Crain Communications|date=March 22, 2023|access-date=November 8, 2023}}</ref> In 2023, New York unveiled the first comprehensive initiative to create both a framework of rules and a [[chatbot]] to regulate the use of AI within the sphere of city government.<ref name=NYCArtificialIntelligenceGovernment>{{cite web|url=https://www.pymnts.com/artificial-intelligence-2/2023/new-york-city-unveils-ai-action-plan-that-develops-rules-framework/|title=New York City Unveils AI Action Plan that Develops Rules Framework|publisher=PYMNTS|date=October 16, 2023|access-date=November 8, 2023|quote=This comprehensive initiative is the first for a major U.S. city...As part of the plan, the city has piloted the first citywide AI chatbot to help business owners navigate government.}}</ref> The [[Biotech and pharmaceutical companies in the New Jersey/New York metropolitan region|biotechnology]] sector is growing in New York City, based on the city's strength in academic [[scientific research]] and public and commercial financial support. On December 19, 2011, Mayor Michael R. Bloomberg announced his choice of [[Cornell University]] and [[Technion-Israel Institute of Technology]] to build a $2 billion [[graduate school]] of [[applied science]]s called [[Cornell Tech]] on [[Roosevelt Island]] with the goal of transforming New York City into the world's premier technology capital.<ref>{{cite news |last = Pérez-Peña |first = Richard |date = December 19, 2011 |title = Cornell Alumnus Is Behind $350 Million Gift to Build Science School in City |newspaper = [[The New York Times]] |url = https://www.nytimes.com/2011/12/20/nyregion/cornell-and-technion-israel-chosen-to-build-science-school-in-new-york-city.html?scp=3&sq=cornell&st=cse |access-date = August 1, 2014 }}</ref><ref>{{cite web |last = Ju |first = Anne |date = December 19, 2011 |title = 'Game-changing' Tech Campus Goes to Cornell, Technion |url = https://news.cornell.edu/stories/2011/12/nyc-chooses-cornell-technion-build-tech-campus |access-date = August 1, 2014 |publisher = [[Cornell University]] }}</ref> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here. You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see Christianpedia:Copyrights for details). Do not submit copyrighted work without permission! Cancel Editing help (opens in new window) Discuss this page