Australia's Central Bank Warns on Job Market Heat and AI Bubble Risks

Reserve Bank of Australia Governor Michele Bullock said the 'heat' needs to be taken out of the job market, signaling that interest rates are set to rise. She also warned that artificial intelligence may be a bubble and is not yet making Australia more productive. Meanwhile, data centre funding has surged to a record $35 billion despite these AI bubble risks. In a separate development, Quest has told customers to replace their passports after a security breach.