Westpac chief executive Anthony Miller says artificial intelligence could be the catalyst for a productivity boom, and the government should focus on the economic benefits, even amid growing public anxiety and distrust in the nascent technology.
Miller said technology was one of the “classic unlocks for productivity” and, as the federal budget approaches in May, he urged Treasurer Jim Chalmers to “chase the opportunity and the upside” of AI, such as boosting government services without increasing spending, which would outweigh risks such as job losses.
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