AI not yet replacing jobs in Europe, say ECB analysts

While artificial intelligence is increasingly used by European companies, there is no clear evidence yet that the technology is replacing workers, with many firms actually more likely to hire additional staff, according to analysis by the European Central Bank (ECB).

The analysis was written by Laura Lebastard, economist in economics, supply side, labour and surveillance, and David Sondermann, deputy head of division in economics, supply side, labour and surveillance, who examined how...