European companies using AI are hiring more workers, not cutting them—and Americans are already relocating there to escape uncertainty

If the drumbeat of Silicon Valley leaders warning that artificial intelligence will wipe out millions of jobs has you anxious about the future of work, the outlook in Europe might offer some solace.

A new study from the European Central Bank released last week finds that fears about AI-driven job losses may be premature. On average, companies integrating AI are slightly more likely to hire more workers than cut with—with AI-intensive firms about 4% more likely to grow headcounts, and...