Australia's AI Boom Meets the RBA's Bubble Warning: Record Funding, Zero Productivity Proof, and the Chinese Model Elephant in the Room

Australia's AI boom is a productivity mirage — massive capital is flowing in, but the Reserve Bank governor just warned there's zero evidence it's making the economy more efficient, and it might actually be making things worse.

Evidence For

• RBA Governor Michele Bullock told a CEDA event in Sydney that AI could be a "bubble" and that central banks are "a little bit worried" about a potential messy slump in tech values. She cited research from South Korea's central...