RBA's Hunter says AI has yet to deliver productivity boost

· Economy · Australia

A senior Reserve Bank of Australia official, Hunter, said AI has yet to deliver a productivity boost or trigger job losses, signaling that the technology's much-anticipated economic effects have not shown up in the data. The remarks from a central banker add to a broader debate over whether the AI investment boom is translating into measurable gains in output per worker. Policymakers worldwide are watching for signs that AI can lift growth without displacing workers, as firms pour billions into data centres and models.

Why it matters：If AI's productivity payoff remains elusive, the case for the massive capital spending behind it — and for central banks' growth forecasts — becomes harder to sustain.

Key points

  • Hunter is an official at the Reserve Bank of Australia.
  • He said AI has not yet triggered job losses either.
  • His comments feed debate over AI's measurable economic impact.

Sources (original reporting)

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