According to a fresh study conducted by the Federal Reserve Bank of New York, there has been a notable surge in the number of companies embracing AI technology over the past year. These firms also anticipate ongoing growth in this area. However, notably, only a handful of companies have resorted to employee lay - offs as a direct consequence of AI adoption. Currently, around 40% of service - sector companies report that they have integrated AI into their operations for task management. This marks a significant increase from the 25% figure recorded last year. Looking ahead to the next six months, 44% of companies express their intention to implement AI, suggesting a continued upward trend in its utilization.