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Why tech workers are flocking to NYC
CNBC • • business
Key Points:
- New York City has become the leading U.S. tech hub with 394,300 tech jobs, surpassing the San Francisco Bay Area's 375,730, driven by a 30,000-worker increase from 2022 to 2025.
- A majority of NYC's tech employees (64%) work in non-tech sectors like finance and media, reflecting how traditional industries are increasingly integrating technology and AI into their operations.
- AI companies are expanding rapidly in NYC, with OpenAI leasing significant office space and Anthropic planning to double its local workforce to 1,000 employees by 2026.
- Despite NYC's appeal and job opportunities, the high cost of living remains a challenge for tech workers and raises concerns about affordability for other residents amid the tech influx.
- Industry leaders emphasize the importance of ensuring that the growth of tech jobs in New York benefits the broader community, not just those employed in technology.
