AI Adopters Aren’t Slashing Jobs So Far, NY Fed Survey Shows

Firms that adopted artificial intelligence aren’t shedding large numbers of staff, and they expect to be net hirers in the coming months, according to a regional survey by the Federal Reserve Bank of New York.

On net, about 5% of service-industry firms in the New York area that reported using AI said that they reduced employees over the past six months, according to the Fed study conducted in August. The survey found little change in employment at manufacturers that adopted AI.

The researchers found that churn in employment among firms deploying AI is set to increase. But service companies …