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There is nothing Canberra likes better than killing the economy and you along with it.
Albo’s AI speech yesterday was a classic case of announcing a new Department of Government Department to implement new legislative requirements for AI and data centres at the beginning of next year.
Concerned about the environmental impact of AI data centres, the Labour government intends to require companies to generate renewable energy. Don’t we already have a renewable transition and gas reservation policy underway? There are AI companies looking at operating in data centres in space, it could be so profitable. Let’s not a piece of that!
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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