By Chris Zappone
Publication Date: 2025-11-12 06:47:00
Evidence that productivity growth benefits from AI remained elusive, Australian ABS statistician Dr. David Gruen, who took part in the same panel discussion.
GDP per capita growth was 0.2 percent in the year to June, which Gruen described as “sluggish.”
“Of course there are some technological changes, but it’s not clear to me whether these technological changes are significant overall,” Gruen said.
“If so, you would have to see faster productivity growth, and that’s not the case here, and virtually nowhere.”
Data centers are critical to the expansion of the AI-driven economy as they provide the computing capacity required for the complex data processing behind the technology.
In February, Future Fund increased its stake in data center developer and operator CDC, the “largest data center operator and developer in Australia and New Zealand,” to 34.6 percent.
A speech in June by Future Fund chief executive Greg Combet, a former labor minister, said the fund…
