Miami Emerges as a Star Hub in AI, Shows Growth Potential
Miami is recognized as a growing AI hub, achieving 'Star Hub' status with significant potential for growth.
Key Points
- • Miami classified as a 'Star Hub' for AI by Brookings report.
- • City has approximately 3,620 AI-skilled profiles and 872 PhD students in relevant fields.
- • Notable startups like Cast AI and Exowatt showcase innovation potential.
- • 35% of local jobs are likely to be influenced by AI advancements.
Miami is gaining recognition as an emerging AI hub, classified as a 'Star Hub' by a recent Brookings report. While still trailing behind AI superstars like San Francisco and San Jose, Miami is actively climbing the ranks in the AI industry. The report states that only 28 out of nearly 400 U.S. metro areas have achieved Star Hub status, a clear indication of Miami's potential in this rapidly evolving sector.
Key metrics reveal that Miami is home to about 3,620 AI-skilled professionals and has 872 PhD students in computer science and engineering, although this remains modest compared to tech leaders. The city has filed 570 AI-related patents, secured five federal R&D contracts, and gained only eight academic publications in top AI journals. Moreover, 35% of jobs in Miami are projected to be influenced by AI developments, with 448 local startups dedicated to AI-driven products.
Prominent companies such as Cast AI and Exowatt are leading the innovation charge, with Cast AI raising $108 million to optimize AI workloads and Exowatt securing $70 million for powering AI data centers with clean energy. To solidify its position, the Brookings report emphasizes that Miami must continue to invest in training, infrastructure, and foster partnerships among universities and the local startup ecosystem, ensuring that it carves out a unique path in the AI landscape rather than replicating Silicon Valley's model.