On Wednesday, the European Central Bank noted in a blog post that, at present, the growing utilization of artificial intelligence (AI) by companies in the eurozone is actually giving rise to new job opportunities, rather than causing job cuts. Economists are currently engaged in a lively debate over whether AI will lead to unemployment among white-collar workers. A recent study conducted by Germany's Ifo Institute disclosed that over a quarter of German companies anticipate that AI will prompt layoffs within the next five years.
