We are not being honest about the two economic threats posed by AI

We are not being honest about the two economic threats posed by AI

By James Thomson
Publication Date: 2026-06-02 04:16:00

Scott Farquhar, co-founder of Atlassian and chairman of the Tech Council, is absolutely right when he says that no one deserves a pat on the back for being honest about how artificial intelligence will transform the country.

As Farquhar said at the Australian Financial Review AI Summit in Sydney on Tuesday, an honest national conversation is the only way we can address this situation. “This is a game-changer for the entire economy. Let’s ensure every participant in this economy is well-equipped with the information they need to make decisions that benefit them and Australia,” he says.

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