The AI Reality: Parsing Its Plentiful Pros and Cautionary Cons in the Hudson Yards

The Hudson Yards, the sprawling new development on Manhattan's West Side, has been making headlines for its luxurious high rises and retail spaces. However, there is another aspect of the development that is garnering attention, one that is far less visible to the public eye - artificial intelligence (AI).

While many might associate AI with futuristic technology, the reality is that it is already being used in the real estate industry. In the Hudson Yards, AI is being employed by developers and property managers to streamline operations and make more informed decisions.

According to real estate firm Related Companies, who developed the Hudson Yards, AI is being used to analyze data on everything from energy usage to tenant preferences. "AI allows us to make data-driven decisions that ultimately benefit our tenants and the overall development," said Jeff Blau, CEO of Related Companies.

However, as with any new technology, there are also concerns about the potential drawbacks of AI. "We have to be cautious about relying too heavily on AI, as it can sometimes reinforce biases and perpetuate inequalities," said City Council member Keith Powers, who represents the Hudson Yards neighborhood.

Despite the cautionary notes, it seems that AI is here to stay in the real estate industry, and the Hudson Yards is just one example of its growing presence. As the development continues to evolve, it will be interesting to see how AI continues to shape and influence the future of real estate.

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