AI boost will free up workers to focus on ‘high value aspects of their job'

Tech Council of Australia Acting Chief Executive Ryan Black has outlined AI’s potential to boost the economy by $115 billion a year by 2030 in his pre-budget submission. Mr Black believes this is possible through countering the “60-year low” in Australian productivity growth. However, there are concerns this AI boost will replace jobs. Mr Black told Sky News Australia that there is no cause for concern as “AI augments jobs rather than replaces jobs”. “It automates tasks within a job,” he added. “It allows them [workers] to focus more on the high-value aspects of their job.”