Tech

AI's Economic Impact Debated in Australia

Updated 2026-09-22 09:10 UTC 1 source Negative

Australian Reserve Bank Governor Michele Bullock warns that AI could be a bubble and is not yet making the economy more productive. She argues that while it’s seen as a ‘great white hope,’ its adoption has so far contributed to inflation rather than growth.

Coverage timeline — 2 articles
The Guardian
Former New Zealand prime minister’s purchase biggest recorded in suburb of Dee Why this year Jacinda Ardern and her husband, Clarke Gayford, have bought a $5.3m house in Sydney’s northern beaches, according to a source with knowledge of the sale.The former New Zealand prime minister
2026-09-22 08:54 UTC
The Guardian
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 wil
2026-09-22 08:54 UTC
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