Startup tech company Netail is working to develop an AI technology called Profitmind to help with quicker and more detailed retail sales analytics.
Pearl Street Technologies is working to better the power grid to help reduce backlog and expedite the transition to decarbonization.
Strategy Robot is developing AI products to help defend the United States.
And it’s all happening in Pittsburgh’s East End.
They call it “AI Avenue” at Bakery Square.
In May, Walnut Capital Management announced that four new tech companies — Pearl Street Technologies, Netail, Lovelace AI and Strategy Robot — would be opening their doors along a one-mile stretch of more than 20 other AI companies, such as Google and Sheetz Innovation, on Penn Avenue between the Duolingo building and Bakery Square.
Now, Walnut Capital plans to add a new entrance to the development.
Todd Reidbord, president of Walnut Capital, said that expanding the local AI market is part of a bigger plan to be more aggressive in welcoming new people to Pittsburgh.
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