Swiss SMEs do not expect AI-related job cuts

Small and medium-sized enterprises (SMEs) in Switzerland are prepared to embrace artificial intelligence, with most predicting minimal job losses. + Get the most important news from Switzerland in your inbox According to a survey conducted by Axa, only a small proportion of bosses of companies with 5 to 250 employees expect to be able to do without staff despite the increasing use of AI applications. In the information and communication sector, where AI is likely to provide the greatest time savings according to the study, only 7% of SMEs anticipate job savings. + Read how AI affects Switzerland's creative workforce "Even though AI applications are primarily used in communication today, AI tasks such as translations or correspondence appear to be used more as a support than a replacement", Kathrin Braunwarth, Head of Data, Technology & Innovation at Axa Switzerland, was quoted as saying in the press release published on Thursday. Employees would hand over "tedious and somewhat ...