AI could be a bubble and is not yet making Australia more productive, Michele Bullock says

AI Summary

RBA governor says AI is ‘great white hope’ but its adoption is so far adding to inflation, rather than economic growth The Reserve Bank governor said AI could be a bubble and there was no evidence it is making the economy more efficient, as the Albanese government claims the technology will solve Australia’s economic malaise. Newsiline summarises this report from The Guardian Australia and links readers to the original publisher for the full story.

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