Market Chatter: Westpac CEO Urges Australian Treasurer to Focus on Benefits of AI for Productivity Growth, AFR Says

MT Newswires Live

Apr 07

Westpac Banking (ASX:WBC, NZE:WBC) Chief Executive Anthony Miller urged Australian Treasurer Jim Chalmers to "chase the opportunity and the upside" of artificial intelligence, saying that it could drive "massive uplift in productivity across the country," the Australian Financial Review (AFR) reported on Tuesday.

The government should focus on "the fact that it will mean so many more roles can potentially be more efficient and more effective," instead of potential negative impacts, Miller said in an interview with the Australian Financial Review.

Miller said technology was one of the "classic unlocks for productivity." He supported the Business Council of Australia's proposed red tape reduction target of 25% by 2030.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WBC.AU","symbol_name":"WESTPAC BANKING CORPORATION","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2625866699","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2625866699","pubTimestamp":1775529628,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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