A key regional study released by the Federal Reserve Bank of New York reveals that companies in the New York region have not faced significant pressures to lay off employees due to the deployment of artificial intelligence (AI) technology. Contrarily, the survey indicates that these firms are planning for net recruitment rather than layoffs, suggesting a positive impact of AI application and implementation on the job market. The report mentions that 25% of service industry companies have already started using AI technology, with an expected increase to 32% within the next six months. This points to the service sector potentially being hit hardest by employment changes resulting from AI applications. In contrast, the proportion of manufacturing firms using AI has remained stable at 16%, indicating significant differences in how different industries adopt AI technology and its impacts.