Proof of productiveness progress benefiting from AI remained elusive, stated ABS Australian Statistician Dr David Gruen, who participated in the identical panel dialogue.
GDP per capita progress within the 12 months to June was 0.2 per cent, which Gruen described as “sluggish”.
“There’s clearly a good bit of technological change, but it surely’s not clear to me that that technological change… is materials on the mixture scale,” stated Gruen.
“If it was, you must be seeing quicker productiveness progress, and we’re not, nearly anyplace.”
Knowledge centres are essential for the growth of the AI-driven financial system as they supply the computing capability wanted for the complicated data-crunching behind the expertise.
In February, Future Fund upped its stake in knowledge centre developer and operator CDC, the “largest operator and developer of information centres throughout Australia and New Zealand”, to 34.6 per cent.
A June speech by Future Fund board chair Greg Combet, a former Labor minister, stated the fund…
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