Reserve Bank governor Michele Bullock said AI could be a bubble and that there is no evidence it is yet making Australia more productive.
Reserve Bank governor Michele Bullock said AI could be a bubble and that there is no evidence it is yet making Australia more productive, with adoption so far adding to inflation rather than economic growth.
Why it matters: A central bank governor is publicly questioning whether AI investment is delivering measurable economic gains, framing its current effect as inflationary.
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Reserve Bank governor Michele Bullock says AI could be a bubble and is not yet making Australia more productive
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