Economy

Q1 2025: AI deals led the way, as exits slowed in Mass., VC activity data shows

Q1 2025: AI deals led the way, as exits slowed in Mass., VC activity data shows

Gary Higgins Artificial intelligence deals led every area of venture capital investment in the first quarter, and Massachusetts deals held their own against stiff West Coast competition, according to newly released data. Despite being much smaller, in terms of population, Massachusetts ranked third behind California and New York for venture capital deals and total VC […]

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Developers win reprieve on building permits in economic development bill

Developers win reprieve on building permits in economic development bill

By Greg Ryan The potential soccer stadium in Everett may be getting lots of attention, but there’s another real estate-related provision in the state economic development bill that would have a far broader effect on the industry. The legislation, unveiled on Tuesday, extends approvals for building and other permits by two years statewide. The blanket extension would give […]

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IBM subsidiary Red Hat buys Boston AI firm

IBM subsidiary Red Hat buys Boston AI firm

By Lauren Ohnesorge Red Hat is buying Neural Magic, an artificial intelligence firm based in the Boston area. Executives at the IBM (NYSE: IBM) subsidiary headquartered in North Carolina describe it as a play to level up in AI. “Red Hat has a long history of being open-sourced focused,” said Chris Wright, CTO of Red Hat, during a […]

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House, Senate strike a deal on economic development bill

House, Senate strike a deal on economic development bill

By Chris Lisinski The Kraft family would clear a key hurdle toward building a new professional soccer stadium in Everett under a nearly $4 billion bill on the move this week whose economic impacts reach across nearly every business sector. Top Democrats on Tuesday evening filed a compromise economic development bill months after their deadline-day talks […]

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