After five years, the “for rent” signs are disappearing from New York City’s office towers as the city welcomes a new influx of deep-pocketed tenants: AI companies.
Despite mounting fears about the threats artificial intelligence poses to the economy, Anthropic, Palantir, OpenAI and others have been hiring in New York, adding office space and driving a revival for the city’s beleaguered commercial centers. Legacy tech firms, which are investing heavily in their own AI products and capabilities, have also renewed their commitment to the boroughs.
In this way, at least, their arrival is a balm to the city. With the exception of ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.