New Jersey has launched a $5 billion tax incentive plan aimed at positioning the state as a hub for artificial intelligence innovation in the United States. The governor has signed legislation that offers tax credits and financial support to eligible AI companies, requiring them to establish operations in the state and hire a certain number of employees. This plan aims to attract AI companies, increase job opportunities, and boost economic development; however, it is important to note that tax incentives may not necessarily lead to significant job creation, particularly in specific industries such as data centers.