German Central Bank President: Jobs created by AI are expected to surpass those eliminated.

European Central Bank board member and President of the Deutsche Bundesbank, Joachim Nagel, stated that artificial intelligence may not necessarily lead to job cuts in Europe, but instead could benefit companies in the region. Speaking to students in Karlsruhe, he said that past technological revolutions have shown that, "generally speaking, the creation of job opportunities outweighs the loss of job opportunities." He cited research from the European Central Bank, saying, "Overall, artificial intelligence has not yet replaced jobs in Europe. In fact, many companies that have already widely adopted artificial intelligence report that they are increasing their number of employees."