Biden administration picks 31 regional tech hubs to spur US innovation

The US Commerce Department has announced the names of 31 regional tech hubs that will be eligible for $500 million in federal funding. The aim of the program is to diversify the US tech industry away from traditional hubs like Silicon Valley and attract private sector investments in key sectors such as clean energy and semiconductors. The designated hubs are located in states like Montana, Wisconsin, and Puerto Rico, and cover areas like artificial intelligence and quantum computing.