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Australia Bets on AI to Spur Economic Growth For Decades
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. (Source: Bloomberg)
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