Australian economy

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Australia politics live: Chalmers and Gallagher to present final budget outcome; RBA interest rate hike looms

Follow the day’s news live.Get our breaking news email, free app or daily news podcastGood morning and welcome to our live news blog.Krishani Dhanji will join us shortly. We have budget news, interest rate hikes on the horizon and some expert views on autonomous AI and hacks. Continue reading…

Australia politics live: Chalmers and Gallagher to present final budget outcome; RBA interest rate hike looms Read More »

Australia news live: Paterson says PM’s AI hack timing not a coincidence; gen Z going without for a house

Follow the day’s news liveGet our breaking news email, free app or daily news podcastAustralia’s Gen Z are the generation most willing to cut their spending way back to afford a home, according to Cotality data reported by AAP.The figures show more than 75% of all Australians were curbing their outgoings in pursuit of property,

Australia news live: Paterson says PM’s AI hack timing not a coincidence; gen Z going without for a house Read More »

More Australians will be dying than being born in 40 years as major report predicts future of lower growth

Seventh intergenerational report also outlines how Australia is at cusp of an uncertain age of artificial intelligenceFollow our Australia news live blog for latest updatesGet our new political email, free app or daily news podcastThere will be more Australians dying than being born in 40 years’ time, according to the government’s latest intergenerational report, which

More Australians will be dying than being born in 40 years as major report predicts future of lower growth Read More »

What will we get out of the AI boom? The data suggests lots of noisy, energy-hungry datacentres and not much else

Booms in investment usually lead to economic growth. But this one looks unlikely to translate into better living standards for AustraliansGet our breaking news email, free app or daily news podcastThe debate around AI and datacentres is such that, to paraphrase Paul Keating, if you walked into any pet shop in Australia, the resident galah

What will we get out of the AI boom? The data suggests lots of noisy, energy-hungry datacentres and not much else Read More »

Anthony Albanese’s AI vision scores high on vibes but the devil will be in the detail. And there is one glaring omission … | David Pocock

When the PM talks about new laws applying to the ‘next generation of large-scale datacentres’ what does he mean?Albanese’s AI blueprint sparks calls for datacentre moratorium until new regulations in placeExpectations were high as the prime minister took the stage at the University of Sydney on Wednesday to outline a pivot in his government’s approach

Anthony Albanese’s AI vision scores high on vibes but the devil will be in the detail. And there is one glaring omission … | David Pocock Read More »

AI may be the toughest challenge Anthony Albanese faces this term. Guardrails are urgently needed | Peter Lewis

Coherent decision-making and internal accountability are critical to meeting this manic momentAnthony Albanese promises fast-track approvals for datacentres to shore up AI investmentThe University of Sydney was the natural setting for Anthony Albanese to lay out his vision for how Australia should confront the profound economic and social challenges posed by so-called artificial intelligence technology.His

AI may be the toughest challenge Anthony Albanese faces this term. Guardrails are urgently needed | Peter Lewis Read More »

Datacentres are a ticking time bomb. We must make sure AI’s benefits outweigh the costs | Nicki Hutley

They suck up energy and water, and blast out heat. Just who is better off from all this investment – aside from tech bros?The two great existential threats of our time – the climate crisis and AI – come hurtling together in the explosion of datacentres across Australia and around the world.You can hardly avoid

Datacentres are a ticking time bomb. We must make sure AI’s benefits outweigh the costs | Nicki Hutley Read More »

Women and university graduates in Australia most at risk of losing jobs to AI, report finds

Those with high levels of vocational training, including tradespeople, are least exposed to AI displacement, according to government reviewGet our breaking news email, free app or daily news podcastArtificial intelligence has yet to cause widespread job losses but the federal government has warned that telemarketers, advertising staff and accountants are among the occupations “most exposed”

Women and university graduates in Australia most at risk of losing jobs to AI, report finds Read More »

Australia news live: shadow arts minister Angie Bell, a former musician, says AI giants must pay for content

Follow the day’s latest updatesGet our breaking news email, free app or daily news podcastA teenager has been charged with murder after a 15-year-old boy was discovered with fatal stab wounds outside a community medical centre.AAP reports the boy was found critically injured outside Craigieburn Community hospital in Melbourne’s north about 7.50pm on Wednesday. A

Australia news live: shadow arts minister Angie Bell, a former musician, says AI giants must pay for content Read More »

Australian with retirement savings? You probably own SpaceX

Tech and AI stocks now make up as much as 12% of most balanced superannuation funds, experts sayGet our breaking news email, free app or daily news podcastArtificial intelligence and technology stocks have become a driving force on Wall Street and, unbeknownst to most Australians, a growing part of their retirement savings.The so-called “magnificent seven”

Australian with retirement savings? You probably own SpaceX Read More »