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Long Island Focuses on AI and Biotech Development with Upcoming Investments

DATA AND AI INFRASTRUCTUREDEFENSE

Long Island is increasingly utilizing Artificial Intelligence (AI) in business applications, with companies like SVAM in Great Neck assisting in AI adoption. While the region lacks the space and low energy costs for large data centers, efforts are being made to integrate AI into inventory management and marketing.

Local educational institutions, such as Stony Brook University, are beginning to address AI training, though progress is ongoing. In biotech, the Long Island Regional Economic Development Council has submitted the Achieve proposal for a $50 million grant competition aimed at advancing new technologies in defense and clean energy, with winners to be announced in early 2026. Additionally, Accelerate Long Island plans to showcase opportunities to attract more venture capital investments, recognizing the need for greater funding to support local innovations.

Long Island Focuses on AI and Biotech Development with Upcoming Investments
Jan 15, 2026, 12:19 PM

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