Bloomberg Opinion
Labor Fights and the Miami Tech Boom... or Bust?
Oct 7, 2023
Topics discussed in this podcast include the rise in labor strikes in the US, flaws in the negotiation process, the potential of Miami as a tech hub, and advancements in AI for biology and healthcare.
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Quick takeaways
- Miami's tech boom is fueled by its affordability, access to capital, and Latin American connections.
- AI's breakthrough in predicting protein structures aids in diagnosing rare genetic diseases and developing drugs.
Deep dives
The Rise of VC Investment in Miami
VC investment in South Florida quadrupled during the pandemic, with market share in terms of number of deals holding steady. Miami offers a more affordable cost of living compared to West Coast cities, deep pockets of capital, and a strong connection to Latin America, making it an attractive location for early-stage startups.
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