AI Usage Could Boost Labor Productivity by 4.3 Percent, Says Research

Productivity Commission research suggests that using artificial intelligence could lift labor productivity by about 4.3 percent over a decade. However, a Treasury official stated that the department has not conducted a formal calculation on the net benefit of attracting large AI data centres to Australia.

The findings highlight the potential for AI to improve national productivity. Officials cautioned that without upfront investment, Australia risks falling behind other countries in productivity and living standards. Some politicians noted that the largest economic gains come from using AI, rather than training the models.