AI is hitting UK harder than other big economies, study finds

British businesses reported an average 11.5% increase in productivity thanks to AI, the study found. Photograph: PhotoAlto/Alamy

The UK is losing more jobs than it is creating because of artificial intelligence and is being hit harder than rival large economies, new research suggests.

British companies reported that AI had resulted in net job losses over the past 12 months, down 8% – the highest rate among other leading economies including the US, Japan, Germany and Australia, according to a study by the investment bank Morgan Stanley.