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About 44 per cent of small businesses expect to hire fewer people due to AI: Report

Nearly 25 per cent of small business owners said they're currently using or testing generative AI tools, like ChatGPT, Google Bard and Microsoft Bing. Two out of three business owners said they'll try generative AI for work within the next 12 months, demonstrating that most small businesses will be using the technology within a year

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Image for representational purpose only. Photo Courtesy: istock

Image for representational purpose only. Photo Courtesy: istock

About 44 per cent of small business owners said that they expect to hire fewer people in the future because of AI capabilities, a new report has shown.

According to Canada-based software company FreshBooks, small business owners are less convinced that AI is coming for their jobs and/or the jobs of their employees, with two-thirds disagreeing that AI will replace them.

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