AI to Create 150,000 Jobs, Claim the Academics Who Study It
Australian Financial Review
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Details
- Date Published
- 16 Apr 2024
- Priority Score
- 3
- Australian
- Yes
- Created
- 8 Mar 2025, 01:04 pm
Description
A new economic analysis by a consortium of top Australian professors has found AI should add 150,000 jobs to the economy by 2030 and boost GDP by $200b a year.
Summary
A new analysis by leading Australian academics suggests that the integration of artificial intelligence into key industries could significantly enhance the nation's economy, potentially adding $200 billion to the annual GDP by 2030. The study predicts an additional 150,000 jobs stimulated by AI's adoption, countering common job loss fears associated with the technology. The findings underscore AI's role as a major economic catalyst, aligning with Australia's strategic aims in AI development and innovation. However, the article does not deeply address potential existential or catastrophic AI risks or detailed governance measures specifically tailored to mitigate them.
Body
TechnologyAIPrint articleJohn DavidsonColumnistApr 16, 2024 – 5.00amSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginThe Australian economy will be boosted by more than $200 billion a year between now and the end of the decade if key industries fully adopt artificial intelligence at the core of their businesses, a new economic analysis by a consortium of top professors from eight Australian universities has found.And, despite fears that AI will destroy jobs, the widespread adoption of the technology will add 150,000 jobs to the economy over that period, the analysis found.Loading...John Davidsonis an award-winning columnist, reviewer, and senior writer based in Sydney and in the Digital Life Laboratories, from where he writes about personal technology.Connect withJohnonTwitter.EmailJohnatjdavidson@afr.comSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreAIEmploymentAmazonChinaUSAAI SummitFetching latest articlesOlympic weightlifting is hard. This boss uses the 1pc rule to get it doneLucy DeanOut-of-control watch price rises give housing a run for its moneyKnow your craft: How the biggest airlines rate at the pointy endJun Bei Liu: How I learnt to speak upSally Patten and Lap PhanThe four actor ‘tricks’ giving executives more confidence‘We’ll fight’: Alex Waislitz on family battles and bad betsA last-chance tote bag and a groovy case for trumpetersEugenie KellyThis machine can bring out the creative streak you never knew you hadThis data-driven wellness retreat is a haven for high-flyersBillionaire Nicola Forrest appoints UBank boss to run family officePrimrose RiordanVictor Smorgon’s star fundie eyes 50pc returns for new fundForrest family powerbroker had alleged role in big Fortescue decisions