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BusinessQuiet 5d · day 6

Australia's Treasury bets on AI to power 40 years of growth

The government's Intergenerational Report leans on AI to hit a 1.2% productivity target as global economic tensions deepen.

newest coverage 4d agosummary written 4d ago4 pieces NewswiresBlueskyYouTube

What to know

  • Australia's Treasury Intergenerational Report casts AI as the main engine of economic growth for the next 40 years.
  • The report links AI adoption to a long-term labor productivity target of 1.2% a year.
  • Up to $150 billion could be spent on data centres in Australia by 2030.
  • The bet comes as officials expect the global economy to grow more fragmented and unpredictable.

Richard Yetsenga ANZ Group Chief EconomistAustralian Treasury Government body issuing the Intergenerational Report

How it unfolded 2 developments, newest first · click a bar or a number to jump articlesvideosposts

Peak 2 pieces in two hours at Sep 21, 11 PM; 4 pieces over 6 days (2 articles · 1 video · 1 post) Sep 20, 9 PM — 1 piece · 1 article — Newswires 1Sep 20, 11 PM — quietSep 21, 1 AM — 1 piece · 1 post — Bluesky 1Sep 21, 3 AM — quietSep 21, 5 AM — quietSep 21, 7 AM — quietSep 21, 9 AM — quietSep 21, 11 AM — quietSep 21, 1 PM — quietSep 21, 3 PM — quietSep 21, 5 PM — quietSep 21, 7 PM — quietSep 21, 9 PM — quietSep 21, 11 PM — 2 pieces · 1 article · 1 video — Newswires 1, YouTube 1Sep 22, 1 AM — quietSep 22, 3 AM — quietSep 22, 5 AM — quietSep 22, 7 AM — quietSep 22, 9 AM — quietSep 22, 11 AM — quietSep 22, 1 PM — quietSep 22, 3 PM — quietSep 22, 5 PM — quietSep 22, 7 PM — quietSep 22, 9 PM — quietSep 22, 11 PM — quietSep 23, 1 AM — quietSep 23, 3 AM — quietSep 23, 5 AM — quietSep 23, 7 AM — quietSep 23, 9 AM — quietSep 23, 11 AM — quietSep 23, 1 PM — quietSep 23, 3 PM — quietSep 23, 5 PM — quietSep 23, 7 PM — quietSep 23, 9 PM — quietSep 23, 11 PM — quietSep 24, 1 AM — quietSep 24, 3 AM — quietSep 24, 5 AM — quietSep 24, 7 AM — quietSep 24, 9 AM — quietSep 24, 11 AM — quietSep 24, 1 PM — quietSep 24, 3 PM — quietSep 24, 5 PM — quietSep 24, 7 PM — quietSep 24, 9 PM — quietSep 24, 11 PM — quietYesterday, 1 AM — quietYesterday, 3 AM — quietYesterday, 5 AM — quietYesterday, 7 AM — quietYesterday, 9 AM — quietYesterday, 11 AM — quietYesterday, 1 PM — quietYesterday, 3 PM — quietYesterday, 5 PM — quietYesterday, 7 PM — quietYesterday, 9 PM — quietYesterday, 11 PM — quietToday, 1 AM — quietToday, 3 AM — quietToday, 5 AM — quietToday, 7 AM — quietToday, 9 AM — quietToday, 11 AM — quiet 12
Sep 21Sep 22Sep 23Sep 24yesterdaynow · 1:37 PM ET
  1. 2

    Treasury's Intergenerational Report details AI growth targets

    Bloomberg Television reports the Treasury's Intergenerational Report expects AI to help deliver a long-term labor productivity target of 1.2% a year and estimates $150 billion could be spent on data centres by 2030; ANZ Group Chief Economist Richard Yetsenga joins to discuss the implications for Australia's growth outlook.

    “Australia is betting on AI to drive economic growth over the next 40 years.”
    — Bloomberg Television
  2. 1

    Bloomberg reports Australia will lean on AI for 40-year growth push

    Bloomberg reports that Australia's government plans to rely on the rollout and development of AI to drive economic growth over the next four decades, a period expected to bring deeper global economic fragmentation and unpredictability.

    “Australia's government projects AI will be a primary driver of economic growth over the next 40 years, as the global economy faces increasing fragmentation and uncertainty.”
    — fintoolbox.app, Bluesky poster · source
    1. 1 outlet Australia to Rely on AI to Spur Growth as Global Tensions Deepen

      first by Bloomberg Tech, 5d ago

    • fintoolbox.app

      Australia's government projects AI will be a primary driver of economic growth over the next 40 years, as the global economy faces increasing fragmentation and uncertainty. #Macro 🗞️ bloomberg.com

      fintoolbox.appBluesky5d agoview on Bluesky ↗