Follow the day’s news live Get our breaking news email , free app or daily news podcast The intergenerational report also said Australia was well-positioned to benefit from AI but its impact on many industries - such as the labour market - were too early to forecast. The economic and social implications of AI are expected to be profound but the specific impacts will depend on the evolution of the technology, how deeply and broadly AI is adopted, and how it will be used. Australia is a leading destination globally for data centre investment and has seen a near doubling of capital expenditure in this area since the 2023 IGR. We have a view about artificial intelligence that there needs to be appropriate safeguards put in place, and I will advocate that privately, the same as I will publicly