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How AI and Deficits Will Make Borrowing More Costly

Herald Sun

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Soaring spending on AI, defence and energy infrastructure sets the stage for a prolonged period of elevated bond yields, according to NSW Treasury.

Summary

The article, based on insights from the NSW Treasury, examines the financial implications of increased spending on artificial intelligence, defense, and energy infrastructure. These investments are projected to lead to higher bond yields, signaling a new era of elevated borrowing costs. While the focus is on economic impacts rather than direct AI safety concerns, the discussion of AI-related expenditures highlights the economic challenges that accompany rapid technological advancement and the need for careful governance to manage these costs. Though it touches upon broader fiscal policy issues rather than addressing direct AI safety risks, the article provides context on the economic pressures associated with AI policy decisions.

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How AI and deficits will make borrowing more costlySoaring spending on AI, defence and energy infrastructure sets the stage for a prolonged period of elevated bond yields, according to NSW Treasury. Summer sale now on Unlock this story and more for a great price Full Digital Access What’s included Unlimited articles on app & web Subscriber-exclusive newsletters A digital version of Today’s paper Enjoy games & puzzles SuperCoach Plus stats & analysis while playing Pay As You Go No lock-in contract $1 for 4 weeksThen $32 charged every 4 weeks.* *Read the fine print Full Digital Access $1 charged for a duration of 4 weeks, after which it automatically renews at $32 charged every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. New customers only. Prices after any early discounted periods may be varied as per full Terms and Conditions. See www.heraldsun.com.au/subscriptionterms for full details. SALE NOW ON 12 Month Plan Limited Time Offer $5 $3 a week for the first 12 months($156 min. cost) charged as $12 every 4 weeks. Then $20 charged every 4 weeks.* *Read the fine print Full Digital Access 12 Month Plan costs $156 (min. cost) for the first 12 months, charged as $12 every 4 weeks. This automatically renews after the first 12 months to be charged as $20 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12 months. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. Prices after the first 12 months may be varied as per full Terms and Conditions. See www.heraldsun.com.au/subscriptionterms for full details. Read every article Full app & web access 24/7 Today’s paper Read the paper online exactly as it was printed Newsletters Subscriber exclusive news emails straight to your inbox News from our network Enjoy access to 11 of our news sites (exc. The Australian) Read every article Full app & web access 24/7 Today’s paper Read the paper online exactly as it was printed Newsletters Subscriber exclusive news emails straight to your inbox News from our network Enjoy access to 11 of our news sites (exc. The Australian) Subscribe Other subscription options Print + Digital Subscriptions Corporate Subscriptions Your Selection: $0 Your Selection – Change selection Today’s Total $0 Read the fine print Terms and Conditions Sorry, we are unable to process your request at this time. Please try again later.