RBA's Hunter says AI has yet to deliver a material productivity boost or trigger significant job losses, with limited evidence of large effects on aggregate employment in advanced economies
ORIGINAL · NewsquawkRBA's Hunter says AI has yet to deliver a material productivity boost or trigger significant job losses, with limited evidence of large effects on aggregate employment in advanced economiesRead originalHide original
AI-related demand could put upward pressure on inflation in the near term given current supply constraints, although its longer-term inflation impact is likely broadly neutral as supply catches up. AI may be increasing financial stability risks, with disappointing investment returns potentially triggering sharp and disorderly asset price repricing.
Hunter’s reported remarks describe limited observed AI effects on productivity and employment, possible near-term inflation pressure, a broadly neutral longer-term inflation impact, and potential financial-stability risks.
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AI-related demand could put upward pressure on inflation in the near term given current supply constraints, although its longer-term inflation impact is likely broadly neutral as supply catches up. AI may be increasing financial stability risks, with disappointing investment returns potentially triggering sharp and disorderly asset price repricing.
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