Australia news live: cost-of-living pressures ‘back with a vengeance’, survey shows; 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 data indicates that Australian citizens are experiencing lower levels of life satisfaction than they did during the peak of the global pandemic, largely driven by intensifying cost-of-living challenges. Amidst this economic strain, the Australian stock market has faced a downturn, particularly within the technology sector. Meanwhile, Senator David Pocock has raised concerns regarding the rapid expansion of AI infrastructure in the country. He argues that the significant capital inflows from tech giants like Microsoft and Amazon should provide more tangible benefits to the local public. While the government promotes these multi-billion dollar investments as a boost to the economy, local communities have expressed growing opposition to the physical development of these massive data facilities. Separately, the ABC has addressed internal controversy regarding staff commentary, confirming that certain remarks did not violate their editorial standards.
The report highlights a growing disconnect between government-touted foreign tech investment and the declining quality of life experienced by the average Australian.
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