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RBA chief Bullock warns AI could be a bubble, isn't yet boosting productivity

Bullock challenges AI productivity assumption at CEDA event

1 Sep 22 · 4d ago · 3 articles · 2 sources · development 1 of 2

At a CEDA event in Sydney, RBA Governor Michele Bullock said AI could be a bubble and there was no evidence it is making the economy more efficient. She cited South Korean central bank research showing employees adopting AI produced the same output but worked 1.5 hours less per week.

Bullock challenges AI productivity assumption at CEDA event
theguardian.com

“[While] people fiddle around and try and figure out what to do with this new technology, productivity actually can decline.”

Michele Bullock

Michele BullockMichele Bullock RBA GovernorJim ChalmersJim Chalmers Australian TreasurerTony BurkeTony Burke Australian Home Affairs Minister

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1Bullock challenges AI productivity…2Government's productivity assumption…
Sep 23Sep 24yesterdaynow · 9:22 AM ET

What was reported 1 claim about this development

  1. 2 outlets AI could be a bubble and is not yet making Australia more productive, Michele Bullock says

    first by The Guardian, 4d ago · also Guardian

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