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For all the hype, AI isn’t transforming our economy in a hurry

Clancy Yeates Deputy business editor November 23, 2025 — 10.00am Advertisement

It’s almost impossible to avoid the mania surrounding what artificial intelligence might do to our economy.

Whether it’s the fears of an AI share price bubble , anxiety about robots taking our jobs , or worries about what hordes of AI-linked data centres will do to carbon emissions, AI hype is everywhere.

An estimated $US3 trillion will be spent on data centres in the next three years, much of it to meet AI demand. Credit: Getty Images

These discussions are entirely warranted because the staggering sums of money going into AI tell us that investors are betting this technology will take the w

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