AI creates jobs, data from bank survey shows — companies with wide AI deployments and investments are more likely to be hiring than those that don't

AI deployments and investments in companies are linked to increased hiring, according to a bank survey. Despite claims of AI-driven layoffs, economists suggest that AI may not be reducing workforces but potentially expanding them. Companies with extensive AI use and investment are slightly more likely to hire new staff, contradicting the narrative of AI causing job losses. The European Central Bank's research indicates that AI's impact on job creation and destruction is not significant, challenging the notion of AI as a primary driver of layoffs in the tech industry.