EconomyAI could be a bubble and is not yet lifting Australia’s productivity, Bullock says
Reserve Bank of Australia governor Michele Bullock said AI could be a bubble, with no evidence yet that it is making the economy more efficient. She said rapid adoption and data-centre investment were adding to inflation rather than growth, and warned that a disorderly fall in tech valuations could hurt economic activity.
TThe Guardian★★★☆☆2026-09-22 08:54Original
AI could be a bubble and is not yet lifting Australia’s productivity, Bullock says
Economy