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

The Guardian — World has reported on “AI could be a bubble and is not yet making Australia more productive, Michele Bullock states,” presenting it as the central development in the source material available for this brief.

RBA governor states AI is ‘great white hope’ but its adoption is so far adding to inflation, rather than economic growth Get our breaking news email , free app or daily news podcast The Reserve Bank governor stated AI could be a bubble and there was no evidence it is making the economy more efficient, as the Albanese government claims the technology is expected to solve Australia’s economic malaise. The report also notes that Ahead of an expected interest rate rise next week Michele Bullock also stated the slump in house prices was deeper than others in Australia’s recent history.

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