00:00The UK is losing more jobs than it's creating because of artificial intelligence and is being
00:06hit harder than other major economies, according to new research. British companies reported net
00:12job losses linked to AI over the past 12 months down 8%, the highest rate amongst leading economies
00:19including the United States, Japan, Germany and Australia, according to a study by investment
00:25bank Morgan Stanley. The research, shared with Bloomberg, surveyed companies that have been
00:30using AI for at least a year across five industries, including retail, transport and healthcare
00:36equipment. UK businesses reported an average productivity increase of 11.5% driven by AI.
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