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.
Treasury has not yet determined if attracting large AI data centers to Australia offers a net benefit. An official stated that a formal calculation is difficult due to uncertainties, and without upfront investment, Australia risks falling behind other nations in productivity and living standards. Productivity Commission research suggests AI could significantly boost labor productivity over ten years.
- 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.
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