Australia Bets on AI to Spur Economic Growth For Decades
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Australia is betting on AI to drive economic growth over the next 40 years. The Treasury’s Intergenerational Report says the technology is expected to help deliver its long‑term labor productivity target of 1.2% a year. It also estimates $150 billion could be spent on data centres by 2030. ANZ's Group Chief Economist, Richard Yetsenga, joins "Bloomberg: The Asia Trade" to discuss what this means for Australia's growth outlook. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.co
Tags: Australia & New Zealand Banking Group Ltd., Bank of America Corp., Chris Oberoi, Haidi Stroud-Watts, Richard Yetsenga
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