Treasury Yet to Calculate Net Benefit of Attracting Data Centre Investment
Independent MP Kate Chaney asked whether Australia would 'end up being a landlord' for overseas AI companies.
TL;DR
- Treasury has not conducted a formal net benefit calculation for attracting large AI data centers.
- An official cited uncertainties making such a calculation difficult and potentially unreliable.
- Without upfront investment, Australia could lag behind other countries in productivity and living standards.
- Productivity Commission research indicates AI could increase labor productivity by approximately 4.3% over a decade.