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Firms that have integrated artificial intelligence are not significantly reducing their workforce, according to a recent survey by the Federal Reserve Bank of New York. The survey indicates that only about 5% of service-industry firms in the New York area reported employee reductions over the past six months. Additionally, manufacturers utilizing AI showed little change in employment levels.
The findings suggest a positive outlook for job creation among AI adopters, as many firms anticipate hiring in the near future. This counters the common narrative that AI leads to widespread job losses. The data reflects a cautious but optimistic approach to AI integration in the workforce.
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