AI Job Cuts Are Landing Hardest in Britain, Morgan Stanley Says

The UK is losing more jobs than it’s creating because of artificial intelligence — and at a faster rate than its international peers.

That’s according to research by Morgan Stanley that found the significant benefits to firms adopting the technology are coming at a particularly heavy cost to workers in Britain, weighing on an already cooling labor market.

British companies reported that AI led to 8% net job losses over the past 12 months, the study shared with Bloomberg shows. It was the highest level in a group that included German, American, Japanese and Australian firms, and twice the ...