"New York has the second-largest number of AI companies after California," said Rahul Mewawalla. AI investment is a lifeline for ailing building sectors struggling post-pandemic.
"New York attracts both graduates and the employee base," added Jamie Katcher. The influx of venture capital is fueling the growth of AI companies in the city.
CBRE reports nearly 190,000 high-tech jobs in Manhattan exist today, with a consistent demand for more skilled workers in the AI sector.
The announcement of $100 billion investments in AI and $20 billion specifically in data centers highlights the vast economic potential of artificial intelligence.
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