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Pittsburgh has one of the world’s top emerging startup ecosystems from which companies are born from new ideas, talented innovators and investment in their development, according to a new report.

California’s Silicon Valley is still far and away the best ecosystem for startups, followed by London, New York City, Beijing and Boston. But Pittsburgh is among the places with the potential and momentum to develop into a major hub for spawning and nurturing innovative companies, particularly in artificial intelligence, robotics and biotechnology.