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Stock impact report

Can the "AI Revolution" translate into a success story for the Pittsburgh economy? [CBS News]

Duolingo, Inc. - Class A (DUOL) 
Company Research Source: CBS News
Groundbreaking research in AI and robotics, primarily at Carnegie Mellon University, has made Pittsburgh a world leader, spawning dozens of startups here for everything from autonomous cars to language-teaching apps and AI-powered robots. Still, the region has fallen short, largely failing to turn technological advances into jobs and economic growth. Since the COVID-19 pandemic, Pittsburgh has lost jobs and people, but can this AI revolution turn things around? "Absolutely," said Jay Katarincic, one of the heads of Pittsburgh's newly created AI Strike Team. "The good news is, it's not too late and people are starting to recognize our time is now." The resurgence may well be starting in East Liberty where dozens of startups have taken root on what is now being called "AI Avenue." From Duolingo world headquarters to Google at Bakery Square, there are about 25 AI-focused companies. Even though the Pittsburgh region is at the forefront of tech research, we've still lost out to Show less Read more
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