Bloomberg

Reserve Bank of Australia Assistant Governor Sarah Hunter said Australia's AI investment surge will lift inflation before any productivity gains arrive. Data centre construction is tightening already-stretched skilled trades and pushing building costs into the CPI, while AI has barely moved headcount yet hiring and employment are weakening in AI-exposed occupations, especially for younger workers. She also warned equities and corporate debt could reprice sharply if AI returns disappoint.

Bloomberg's Mark Gurman reports in Power On that Apple plans to ship an autonomous, agentic Siri as early as next year, shifting from command-response to proactively managing tasks and acting on the user's behalf against ChatGPT Dots, Meta Muse and Grok. The report also says new CEO John Ternus has pressed software chief Craig Federighi to accelerate Apple's AI efforts.

Bloomberg reports that Apple's CEO is pressing the company's software chief to pursue a more ambitious AI strategy. The report discloses no specific models, parameters or product roadmap, reflecting only internal urgency over Apple's AI pace.