Brief
Comptroller Levine Warns of Possible AI Disruption to NYC Economy
New York City Comptroller Mark Levine reported that the possible impacts artificial intelligence (AI) could have on New York City’s economy range from boom to bust, providing the first local assessmen
Summary
New York City Comptroller Mark Levine reported that the possible impacts artificial intelligence (AI) could have on New York City’s economy range from boom to bust, providing the first local assessment of how the rapidly advancing technology could profoundly impact jobs, wages, tax revenue, and key industries.
He called on the city to boost its rainy-day fund to 16% of tax revenues.
The five scenarios Levine proposed are based on Moody’s Analytics reports and on original... The post Comp
Source
- Connect CREconnectcre.com
