97% of executives surveyed believe AI will have 'net positive impact' on society, and 87% believe NYC residents are 'very familiar' with AI's benefits. Executives foresee AI skills driving a shift towards skill-based hiring instead of relying solely on educational pedigree.
Accenture estimated that 63% of hours worked in NYC could be 'automated or augmented by generative AI,' compared to 44% across the United States, with financial services industries being the most affected. The 'people-centric' approach in AI development is seen to bring a $320 billion increase in New York state annual GDP by 2038.
Executives expressed uncertainty regarding the most useful government incentives for AI development but highlighted the importance of city leaders facilitating collaborations between academic institutions, companies, and talent.
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