British businesses reported an average 11.5% increase in productivity thanks to AI, the study found. British businesses reported an average 11.5% increase in productivity thanks to AI, the study found. 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. The research, which was shared with Bloomberg, surveyed companies using AI for at least a year across five industries: consumer staples and retail, real estate, transport, healthcare equipment and cars.

Increased use of AI and automation in businesses is increasingly replacing'low-complexity, transactional roles', the survey showed. Increased use of AI and automation in businesses is increasingly replacing'low-complexity, transactional roles', the survey showed. Survey reveals'mismatched AI expectations' between views of employers and staff over impact on careers More than a quarter (27%) of UK workers are worried their jobs could disappear in the next five years as a result of AI, according to a survey of thousands of employees. Two-thirds (66%) of UK employers reported having invested in AI in the past 12 months, according to the international recruitment company Randstad's annual review of the world of work, while more than half (56%) of workers said more companies were encouraging the use of AI tools in the workplace. This was leading to "mismatched AI expectations" between the views of employees and their employers over the impact of AI on jobs, according to Randstad's poll of 27,000 workers and 1,225 organisations across 35 countries.

December 07, 2019: According to the AI-based prediction from'DHL Global Trade Barometer', India is the only country with a positive trade outlook for the running quarter out of the world's seven largest economies. Thanks to the strong maritime exports and Imports that will maintain India's trade growth over the three-month period ending in January 2020. The DHL Global Trade Barometer, an indicator of global trade developments calculated using artificial intelligence and big data, predict mildly positive growth for Indian trade with the country's Index rising five points to 54. The positive outlook is driven primarily by an uptake in ocean imports of basic & industrial raw materials and chemicals & products, coupled with a gradual revival in air exports of consumer fashion goods. In total, ocean trade grew by 10 points, maintaining India's positive outlook even as air trade forecasts experience relative weakness.