Exclusive: Big Apple's AI optimism

While far behind the Bay Area as a center for AI innovation and venture capital funding, New York City is home toin NYC across 20 industries, and estimated generative AI's impact across the NYC metro area and New York state economy.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.

Accenture modeled three different approaches to AI development — aggressive, cautious, and a middle way labeled as "people-centric." The "people-centric" approach was predicted to deliver the most economic value: a $320 billion increase in New York state annual GDP by 2038.Executives could not agree on what government incentives would be most useful for AI development, but they think city leaders should support collaborations between "academic institutions, companies and talent," per Accenture.

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