# AI could be a bubble and is not yet lifting Australia’s productivity, Bullock says

https://mins.news/en/item/68572

- The Guardian, 2026-09-22 08:54 UTC
- Economy
- Original: https://www.theguardian.com/technology/2026/sep/22/ai-could-be-a-bubble-and-is-not-yet-making-australia-more-productive-michele-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.

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