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.
Transit flows through Central Asian countries have increased by 70% between 2020 and 2024, according to the Eurasian Development Bank’s Transport Pr...
More than 200 electric buses from China have arrived in Tashkent as part of Uzbekistan’s plan to modernise its public transport system and cut carbo...
U.S. Defense Secretary Pete Hegseth warned Moscow on Wednesday that the United States and its allies would "impose costs on Russia for its continued a...
Kenya's veteran opposition leader Raila Odinga, who was imprisoned multiple times while fighting one-party autocracy and ran five times unsuccessfully...
President of the Republic of Azerbaijan Ilham Aliyev received a delegation led by Elina Valtonen, OSCE Chairperson-in-Office and Minister for Foreign ...
Transit flows through Central Asian countries have increased by 70% between 2020 and 2024, according to the Eurasian Development Bank’s Transport Projects Observatory.
More than 200 electric buses from China have arrived in Tashkent as part of Uzbekistan’s plan to modernise its public transport system and cut carbon emissions.
U.S. Defense Secretary Pete Hegseth warned Moscow on Wednesday that the United States and its allies would "impose costs on Russia for its continued aggression" if the war in Ukraine does not come to an end.
Kenya's veteran opposition leader Raila Odinga, who was imprisoned multiple times while fighting one-party autocracy and ran five times unsuccessfully for president, died aged 80 on Wednesday in India.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
Wall Street closed sharply higher on Monday, led by gains in Broadcom and other chipmakers, as investors were reassured by U.S. President Donald Trump’s conciliatory tone on renewed U.S.-China trade tensions.
Lawyers warn that the case could eventually involve up to 1.8 million UK drivers across 14 brands, potentially making it the largest consumer class action in British legal history.
European stock markets opened the week on a positive note, buoyed by hopes of easing trade tensions between the U.S. and China and declining geopolitical risks in the Middle East.
A federal jury in Marshall, Texas, ruled on Friday that Samsung Electronics must pay nearly $445.5 million in damages to patent holder Collision Communications for infringing patents linked to 4G, 5G, and Wi-Fi communication standards.
Gold prices rose above $4,000 an ounce for the first time on Wednesday, fuelled by investor demand for safe-haven assets amid rising geopolitical tensions and expectations of U.S. interest rate cuts.
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