New York City is expected to benefit from a $320 billion AI boom by 2038, driven by a strong talent pool and significant growth in AI professionals, according to an Accenture and Tech:NYC report.
AI will automate or augment two-thirds of New Yorkers' working hours within 15 years, adding billions to the economy. The study highlights that AI will simplify rather than replace most jobs, leveling the playing field for younger workers and those without connections.
Unlike cities solely focused on technology like San Francisco, NYC has diversified sectors embracing AI, including finance, media, advertising, and fashion. The presence of 35 AI 'unicorns' and widespread AI company usage in NYC showcase the city's advanced AI landscape.
AI is already transforming New York City, with numerous companies leveraging AI technology for various applications across sectors, emphasizing the unique opportunity for AI implementation in NYC.
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