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New York Pension Funds Benefit from AI Surge | New York City News
New York City's pension funds, covering around 160,000 retirees, have seen a remarkable 23% growth over the last two fiscal years due to a surge in tech and AI investments. Meanwhile, state pension funds, supporting over 500,000 retirees, grew by 17%. However, recent declines in tech stocks raise concerns about potential drops in fund values, which could impact future contributions and budget priorities. With significant investments in AI-heavy companies, both city and state funds face risks if
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