AI could be a bubble and is not yet making Australia more productive, Michele Bullock says
TL;DR
RBA governor says 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 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 will solve Australia’s economic malaise. Ahead of an expected interest rate rise next week Michele Bullock also said the slump in house prices was deeper than others in Australia’s recent history.
Nauti's Take
Bullock’s warning is a useful test for small teams: before expanding an AI stack, measure whether cycle time, error rates, or labor costs actually improve over several weeks. This item is based on a single Guardian report, so the underlying RBA data should be checked before turning one policymaker’s caution into a broad claim about the AI market.
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