BNewsO LIVE DESK · Updated 22/09/2026, 09:24 AM EST
Technology & AI Desk · BNewsO Global Bureau
Dateline: Washington, D.C. | Updated: 22/09/2026, 09:24 AM EST
AI could be a bubble and is not yet making Australia more productive, Michele Bullock says — AI Report
BNewsO Report — AI could be a bubble and is not yet making Australia more productive, Michele Bullock says
WASHINGTON, D.C. — Comprehensive coverage of the latest developments in the Technology & AI sector.
RBA governor says AI is ‘great white hope’ but its adoption is so far adding to inflation, rather than economic growthGet our breaking news email, free app or daily news podcastThe 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. Continue reading...Analysis & Implications
Industry experts suggest the trends highlighted above will have lasting effects. Continued monitoring and strategic adaptation are recommended.
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