Mamdani needs $6.5B more in savings with 50-50 shot AI soon tanks NYC economy: comptroller

NYC Comptroller Mark Levine warned that artificial intelligence poses a significant economic risk to New York City, with a 50-50 probability of triggering a recession in the five boroughs. The city needs an additional $6.5 billion in savings to prepare for potential AI-related economic disruption that could impact tax revenue.