AI may not cut jobs, says Fed study, but more than 45,000 roles already lost as companies pivot to automation

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AI may not cut jobs, says Fed study, but more than 45,000 roles already lost as companies pivot to automation

New York Fed research points to productivity gains over job losses, but corporate restructuring linked to AI has already eliminated tens of thousands of roles, exposing a widening gap between theory and practice.

By João Marques Lima

Founder and Editor, The Tech Capital

9 Mins

AI may not cut jobs, says Fed study, but more than 45,000 roles already lost as companies pivot to automation

A study from the Federal Reserve Bank of New York suggests artificial intelligence will reshape how work is performed rather than eliminate large numbers of jobs in the near term.