New York City Comptroller Brad Lander released a report warning that artificial intelligence could fundamentally transform the city's economy, potentially eliminating thousands of jobs and affecting municipal tax revenue.

The report suggests there is significant uncertainty about AI's economic impact on the five boroughs, with the comptroller's office indicating roughly even odds that the emerging technology could trigger economic disruption in the city.

Lander characterized the potential changes as unprecedented, stating that officials have never encountered anything comparable to the scope of transformation that AI might bring to the local economy.

The comptroller's analysis raises concerns about the impact on city finances, as widespread job displacement could reduce tax revenue collections that fund municipal services and operations.

The report comes as artificial intelligence technologies continue to advance rapidly across various industries, prompting local governments nationwide to assess potential economic consequences for their jurisdictions.

City officials have not yet announced specific policy responses to address the potential challenges outlined in the comptroller's assessment.