The Labor minister tasked with fixing Australia’s flagging productivity has played down fears artificial intelligence will kill off swaths of white-collar jobs and called for light-touch regulation of the disruptive technology.
Assistant Minister for Productivity Andrew Leigh cited recent studies which suggested companies adopting AI experienced productivity gains of up to 40 per cent, with the biggest benefit accruing to less skilled workers.
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Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com