AI Could Fix Australia’s Productivity Crisis, Outgoing Head Says
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Australia's outgoing productivity czar has pointed to artificial intelligence as a potentially “significant” driver of a productivity revolution, as the Western world struggles to climb out of a malaise in workplace efficiency.Productivity Commissioner Michael Brennan said AI was one of the most high-potential technologies to improve economic output in coming decades, while emphasizing that it was still in an early phase of development. “If we were to see a revival, a significant revival of productivity growth in the developed world, I would imagine that artificial intelligence is probably a key part of that,” he said in an interview with Bloomberg. Brennan will be succeeded by Chris Barrett after his five-year term ends in September. A government report released on Thursday exam...