RBA governor says AI is ‘great white hope’ but its adoption is so far adding to inflation, rather than economic growth
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.
This is a summary. Read the complete story at the original publisher:
Read the full article on The Guardian →
World
Sinkevičius told BBC Newsnight Lithuanians feel "constantly threatened" by Moscow, but the nation was prepared to "fight back" if attacked.
World
Former New Zealand prime minister’s purchase biggest recorded in suburb of Dee Why this year
World
In 2015, global leaders set ambitious goals to reduce inequality, end hunger and boost education. More than a decade later, the world is nowhere near achieving much of what was promised.
World
NPR's Steve Inskeep speaks with political scientist Ian Bremmer of the Eurasia Group about President Trump's diplomatic stakes as he addresses the U.N. General Assembly.
World
A woman has been accused of murder and two counts of grievous bodily harm with intent to cause murder
World
Regular coverage of the president has been disrupted after he banned CNN, MS NOW and Politico from the White House.