Yazılar

New York Fed: AI Adoption Has Yet to Cause Significant Job Losses

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Artificial intelligence adoption is rising among businesses in the Federal Reserve’s New York district, but so far it has not significantly reduced employment, according to a blog post from the New York Fed on Thursday.

“Businesses reported a notable increase in AI use over the past year, yet very few firms reported AI-induced layoffs,” Fed economists wrote, noting that retraining is more common than job loss. “So far, the technology does not point to significant reductions in employment,” they added.

Concerns remain that AI could eventually displace higher-paid professional and managerial roles. Investors are pouring capital into AI technologies amid broader labor market softening, but the Fed noted that the true impact on employment is likely to unfold gradually over time.

Looking ahead, firms anticipate AI could eventually lead to layoffs and slower hiring as integration deepens. The survey found AI use among services firms climbed to 40% in the past year, up from 25%, with nearly half planning to adopt it within six months. In manufacturing, AI adoption rose to 26% of firms from 16% a year earlier, with about a third expecting to implement it in the near term.

OpenAI Awarded $200 Million U.S. Defense Contract for AI Development

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OpenAI, the creator of ChatGPT, has secured a $200 million contract to develop advanced artificial intelligence tools for the U.S. Department of Defense, the Pentagon announced on Monday.

The contract involves creating prototype frontier AI capabilities aimed at tackling critical national security challenges across both warfighting and enterprise domains. The work will mainly take place in and around Washington, with an expected completion date set for July 2026.

OpenAI recently reported a surge in its annualized revenue run rate to $10 billion as of June, fueled by widespread AI adoption. Earlier this year, in March, OpenAI revealed plans to raise up to $40 billion in a funding round led by SoftBank Group, valuing the company at around $300 billion. The firm also reported having 500 million weekly active users by the end of March.

Separately, the White House’s Office of Management and Budget issued new guidance in April encouraging federal agencies to foster a competitive American AI marketplace, while exempting national security and defense systems from some regulations.

Adobe Shares Drop 7% as Investors Question Timeline for AI Revenue Gains

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Adobe’s shares fell 7% in early trading on Friday amid investor concerns that the integration of AI into its software products may take longer than expected to generate significant financial returns. This skepticism overshadowed the company’s raised full-year revenue forecast.

Senior equity analyst Angelo Zino from CFRA Research noted growing worries about competitive pressures and a longer timeline to meaningful AI monetization. Adobe, known for creative software like Photoshop and Premiere Pro, announced in April plans to incorporate AI models from OpenAI and Google into its generative AI tool, Firefly.

Firefly enables users to create and edit images and videos for commercial use using simple text prompts, without copyright complications. However, RBC analysts expressed caution, suggesting that although demand remains positive, it will take more time for Adobe’s AI initiatives to prove their value and alleviate competitive concerns.

Adobe now projects 2025 revenue between $23.50 billion and $23.60 billion, up from prior guidance of $23.30 billion to $23.55 billion. Despite this, at least five brokerages lowered their price targets after Adobe’s second-quarter results.

Year-to-date, Adobe’s stock has declined around 13%, and its 12-month forward price-to-earnings ratio is 18.88, notably lower than competitor Autodesk’s 29.16.