Australia news live: cost-of-living pressures ‘back with a vengeance’; ASX slumps amid tech selloff
Analysis finds Australians have lower life satisfaction now than during height of Covid pandemic. Follow live Get our breaking news email , free app or daily news podcast ‘If Australian datacentres are going to power the AI revolution, we deserve a fair return’ – David Pocock Independent senator David Pocock has published an opinion piece about the growth of AI datacentres in Australia and how the gold rush should benefit Australians. He writes: Huge investment in this space
Recent economic analysis indicates that Australians are experiencing lower levels of life satisfaction today than they did during the peak of the Covid-19 pandemic. Amid these mounting cost-of-living challenges, the Australian stock market has faced a decline driven by a broader selloff in the technology sector. Simultaneously, Independent Senator David Pocock has raised concerns regarding the rapid expansion of artificial intelligence infrastructure within the country. While major tech firms like Microsoft and Amazon have pledged billions toward local datacenters, Pocock argues that the government must ensure these projects provide tangible, long-term benefits to the public. Meanwhile, the ABC has addressed internal controversy regarding a staff member's personal comments, affirming that the remarks did not violate their broadcasting standards.
The report highlights a complex intersection of declining public well-being, economic instability, and the regulatory challenges posed by the rapid integration of AI infrastructure.
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