A recent Federal Reserve Bank of New York (New York Fed) study reveals that while the use of artificial intelligence (AI) among businesses has grown significantly over the past year, very few companies have carried out AI-related layoffs.
The study, which examined firms in New York and Northern New Jersey, asked companies whether they had implemented AI and made any changes to their workforce.
Findings show a notable increase in AI adoption, yet workforce reductions linked to AI remain rare.
In the service sector, 40% of companies reported using AI this year, up from 25% last year, with 44% planning to adopt AI within the next six months.
Manufacturing firms also saw growth in AI use, rising from 16% last year to 26% this year. Around one-third of all companies surveyed said they plan to introduce AI in the coming six months.
Iran warned U.S. forces on Monday not to enter the Strait of Hormuz after President Donald Trump said the United S...
Uzbekistan has unveiled a series of major economic and regional initiatives as more than 4,000 delegates from over 100 countries gather in Samarkan...
Armenia is host to the 8th meeting of the European Political Community which opened in Yerevan on Monday (4 May). ...
Talks between the U.S. and Iran remain in a delicate state after U.S. President Donald Trump rejected a 14-poin...
European allies are stepping up efforts to meet military commitments following criticism from U.S. President Donald Trump, according to NATO Secret...
Uzbekistan has unveiled a series of major economic and regional initiatives as more than 4,000 delegates from over 100 countries gather in Samarkand for the 59th Annual Meeting of the Asian Development Bank (ADB), held under the theme “Crossroads of Progress.”
European allies are stepping up efforts to meet military commitments following criticism from U.S. President Donald Trump, according to NATO Secretary General Mark Rutte.
Minval Politika has released a third set of footage it says shows former International Criminal Court prosecutor Luis Moreno Ocampo discussing the use of artificial intelligence in a project linked to Armenia and ‘Nagorno-Karabakh’.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 4th of May, covering the latest developments you need to know.
Ukraine is monitoring “unusual activity” along its border with Belarus, President Volodymyr Zelenskyy said in a video statement released on Saturday (2 May). He warned that Kyiv is ready to respond if necessary amid continued regional tensions linked to Russia’s war.
China has moved to block U.S. sanctions on five of its oil refineries, in a fresh escalation of tensions over trade and energy policy.
U.S. President Donald Trump has said he will “soon be reviewing” a new 14-point proposal sent by Iran, casting doubt on the chances of a deal after Tehran called for security guarantees, an end to naval blockades and a halt to the war across the region, including in Lebanon.
Malian authorities have launched an investigation into suspected soldiers accused of involvement in coordinated attacks on military bases carried out by militants linked to al Qaeda and separatist Tuareg rebels on 25 April 2026.
Ukraine has launched a new wave of drone strikes on Sunday (3 May) across Russia, hitting key infrastructure and causing casualties in several regions, officials on both sides said.
U.S. President Donald Trump has said he will raise tariffs on cars and trucks imported from the European Union to 25% next week, up from the 15% level agreed last year, accusing the bloc of failing to comply with its trade commitments.
The decision by the United Arab Emirates to leave OPEC+ on 1 May has put renewed focus on one of the most influential groups in global energy - and how its decisions can shape oil prices worldwide.
The United Arab Emirates has said it's quitting OPEC from 1 May, dealing a major blow to the oil producers’ group and its de facto leader, Saudi Arabia, amid disruption caused by the Iran war.
As the Iran war disrupts global flows of oil and gas and energy prices skyrocket, the Drin River, which descends through the mountains of northern Albania, is acting as a kind of shield.
China has ordered Meta to unwind its more than $2 billion acquisition of artificial intelligence start-up Manus, marking a major escalation in Beijing’s scrutiny of foreign investment in sensitive technology sectors. The order was issued on Monday by the National Development and Reform Commission.
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