[Bank of England: AI is Boosting UK Productivity but Negatively Impacting Employment] Deep Tide TechFlow reports that on August 6, according to an analysis by the Bank of England, the productivity of UK companies developing and using artificial intelligence is increasing, but this growth comes at the expense of employment. Bank of England staff noted in a blog post that compared to the decade before the pandemic, the contribution of software and IT consulting firms to annual productivity growth has increased tenfold, contributing 0.1 percentage points during the period from 2023 to 2025. Meanwhile, information service providers have shifted from being a drag on productivity to becoming a driving force during this period. The Bank of England found that the productivity of companies adopting artificial intelligence is also steadily improving, particularly in industries such as office administration and business services, where repetitive tasks (e.g., scheduling meetings or processing invoices) are highly suitable for automation. However, the increase in labor productivity has, to some extent, come at the cost of reduced employment opportunities. Another blog post from the Bank of England pointed out that over the past three years, job vacancies in occupations most affected by artificial intelligence have decreased by 15%, while vacancies in moderately affected and less affected occupations have decreased by 10% and 6%, respectively. Customer service and administrative roles are particularly vulnerable to the impact of artificial intelligence, with job vacancies in these areas dropping by more than 20%. (Jin10)