Venture capitalists believe New York City is uniquely positioned to benefit from AI, seeing it as an “applied AI capital.” NYC’s major industries like media, finance, and healthcare attract AI firms like OpenAI, driving tech sector growth. This optimism counters City Comptroller Mark Levine’s report warning AI could displace up to 250,000 jobs. While New York’s city comptroller Mark Levine is sounding alarm bells that AI is coming for the city’s workforce, the venture capitalists funding that