RBA’s Hunter says AI has yet to deliver productivity boost, trigger job losses

RBA’s Hunter Says AI Boom Will Put Near-Term Pressure on Prices

A senior official at Australia’s central bank said surging investment in areas related to artificial intelligence will further fuel demand in the economy, at a time when policymakers are already aggressively raising interest rates to combat inflation.

AI no inflation panacea: RBA

AI-driven productivity gains will make little difference to combating inflation, a senior Reserve Bank official has warned.

RBA’s Hunter says AI has yet to deliver productivity boost, trigger job losses

SYDNEY, Nov 9 : A senior Australian central banker said on Monday there was limited evidence that artificial intelligence had meaningfully lifted productivity and caused widespread job losses, but warned the technology could pose growing risks to financial stability. Speaking at a UBS conference in Sydney, Reserve Bank of Australia Assistant Governor Sarah Hunter judged […]