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RBA Governor Michele Bullock says new AI chatbot will transform economy forecasting in 2025

Reserve Bank of Australia introduces AI tool “RBA PubChat” to analyse 40 years of data, sparking debate on jobs and inflation.

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RBA Governor Michele Bullock unveils AI chatbot to analyse economy in 2025
RBA Governor Michele Bullock delivers Shann Memorial Lecture in Perth, unveiling AI chatbot "PubChat" to help analyse Australia’s economy.

In a landmark speech that has already stirred global attention, Michele Bullock, Governor of the Reserve Bank of Australia (RBA), revealed that the central bank is embracing artificial intelligence in a bold new way. Speaking at the Shann Memorial Lecture in Perth, she confirmed that staffers have started using a specially designed AI chatbot to process decades of internal research and better understand the Australian economy.

The chatbot, intriguingly named RBA PubChat, has been tasked with combing through more than 20,000 RBA documents and 22,000 conversations with businesses, offering staff real-time insights into issues like inflation trends, labour market shifts, and household financial vulnerabilities.

RBA Governor Michele Bullock unveils AI chatbot to analyse economy in 2025

“This tool does not replace expert human judgment, rather it enhances it,” Bullock said. “It helps our analysts get to the heart of what businesses are saying, faster and more effectively.”


What exactly is RBA PubChat?

According to Bullock, RBA PubChat is more than just a search engine. It acts as a living archive of institutional knowledge spanning four decades. Analysts can ask questions, receive contextualised summaries, and quickly compare current patterns with historical precedents.

The central bank has long been under pressure to keep up with rapid technological advancements, and with AI tools already disrupting industries from finance to healthcare, the RBA’s adoption signals a turning point.

Bullock emphasised that AI is not being used to set monetary policy or make interest rate decisions, but rather to support human researchers. With Australia’s cash rate sitting at 3.6 per cent and the next decision due on September 30, analysts believe tools like PubChat could sharpen policy debates.

RBA Governor Michele Bullock unveils AI chatbot to analyse economy in 2025

Why AI matters for the RBA

Bullock’s announcement comes at a time when central banks worldwide are grappling with inflation, wage growth, and global economic uncertainty. The RBA has a dual mandate: keep inflation under control while also supporting employment.

“To be clear, we are not using AI to formulate or set monetary policy,” she said. “Instead, we are looking to leverage it to improve efficiency and amplify the impact of staff efforts in research and analysis.”

She also noted that technological change inevitably reshapes labour markets. With AI already causing mass layoffs in global firms—such as Dutch navigation company TomTom cutting 300 jobs—questions are swirling about whether Australia will face similar disruptions.

RBA Governor Michele Bullock unveils AI chatbot to analyse economy in 2025

A changing workforce

Bullock acknowledged that while some roles could be displaced, AI would also create entirely new ones. “While many experts anticipate a net increase in jobs, it is likely to be more nuanced,” she explained. “Some roles will be redefined, others might be displaced, and new ones will be created.”

She urged governments to prepare for this shift by supporting re-skilling and education initiatives. The future of work, she argued, depends not only on technology itself but on how policymakers manage the transition.


Global implications

Bullock’s remarks align with a broader trend: central banks from Washington to Frankfurt are exploring AI’s potential to improve forecasting. The RBA’s move could place Australia at the forefront of this global race.

Analysts say that by contextualising business surveys and providing rapid historical comparisons, PubChat could make monetary policy decisions more data-driven than ever before.

Yet, there are risks. Critics warn that AI systems can produce biases or misinterpret complex economic signals. “The danger is relying too heavily on the machine,” one financial analyst commented. “Central banks must remain transparent and accountable to the public, not hide behind algorithms.”


The road ahead

For now, RBA PubChat is still in its testing phase. But the central bank has big ambitions: building comprehensive real-time indicators, identifying early signs of inflation pressure, and uncovering hidden vulnerabilities in household finances.

Bullock summed it up clearly: “Tools like this are becoming essential. The growing volume of data and the accelerating pace of analysis have led to exponential growth in our internal knowledge.”

As Australia awaits the RBA board’s September 30 decision on interest rates, all eyes will be on how PubChat shapes future debates. The experiment could redefine not just how the RBA works, but how governments and institutions worldwide integrate AI into public decision-making.

For readers tracking the intersection of economics and technology, this may be just the beginning.

Visit our site for more news www.DailyGlobalDiary.com

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OpenAI unveils Sora 2 app to take on TikTok and YouTube… but copyright battles may be looming

The AI giant introduces a swipe-and-scroll video platform that lets users insert themselves into AI-generated worlds, setting up a new clash with TikTok, YouTube, and Meta.

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OpenAI Sora 2 Launch – New AI Video App Challenges TikTok and YouTube
OpenAI’s Sora 2 app lets users create AI-generated short videos and insert themselves into virtual worlds, challenging TikTok and YouTube.

OpenAI is moving beyond chatbots and into the social media battleground. On Tuesday, the company announced Sora 2, an AI-powered video generator app that allows users to create high-definition short clips with audio, using nothing more than text prompts.

The app, which borrows heavily from the swipe-and-scroll design of TikTok, Instagram Reels, and YouTube Shorts, will first roll out in the U.S. and Canada on an invite-only basis via Apple’s App Store.

From text to full scenes

Unlike traditional video platforms, Sora 2 doesn’t just let users upload footage — it lets them create worlds. Users can write prompts describing scenes, styles, or moods, then generate fully-produced video clips complete with background audio. In a move that could disrupt influencer culture, people can also upload short clips of themselves and be inserted seamlessly into AI-generated environments.

The company says its vertical feed will use an algorithmic recommendation engine to boost content that feels most engaging to individual users.

openai launches sora 2 an ai video app to rival tiktok and youtube shorts Daily Global Diary - Authentic Global News


A crowded field of rivals

OpenAI’s launch comes amid fierce competition. Google recently integrated its Veo 3 AI video generator into YouTube, while Meta has rolled out its own stream of short-form AI-created videos. TikTok has already introduced its AI Alive tool, which lets users transform static images into moving video content.

The question now is whether Sora 2 can stand out. With a design nearly identical to TikTok’s feed, industry watchers suggest OpenAI is betting that its AI technology will make the difference.

Guardrails and nudges

To address concerns about “doomscrolling,” OpenAI says the infinite scroll function will be switched off by default for users under 18. For adults, the app will occasionally nudge viewers to start creating instead of endlessly consuming. Content will also be marked as AI-generated if exported off the platform, in a bid to increase transparency.

Still, not all the hurdles are technical. Mark Lemley, a professor at Stanford Law School, warned that copyright could become the company’s biggest challenge:

“I think they are certainly opening themselves up to lawsuits in particular cases,” Lemley told the Wall Street Journal, noting that OpenAI could face disputes over copyright material appearing in generated videos.

His caution isn’t without precedent. Anthropic, another AI company, recently agreed to pay at least $1.5 billion to settle a lawsuit over training its models on pirated books.

openai launches ai video tool sora as standalone app Daily Global Diary - Authentic Global News


A delicate balance for creators

OpenAI insists it will allow copyright holders to opt out, but the system currently permits copyrighted material unless owners actively remove their works. For creative industries already wary of AI, that is unlikely to be reassuring.

At the same time, the company is striking licensing deals. The Wall Street Journal reported that News Corp — its parent company — has already signed a content agreement with OpenAI, highlighting the divide between publishers who see opportunity in AI partnerships and those who see threats.

The next wave of AI-driven entertainment

For OpenAI, Sora 2 represents more than just an app — it’s a step toward capturing user attention in the same way TikTok, YouTube, and Instagram dominate today. If successful, it could redefine how short-form content is created and consumed, blending human presence with entirely synthetic worlds.

But with regulators watching closely, rivals sharpening their tools, and copyright lawyers circling, the company may find that generating videos is the easy part. Winning the trust of creators, rights holders, and users could be the real test.
For more Update http://www.dailyglobaldiary.com

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Anthropic launches Claude Sonnet 4.5 insiders say AI model codes apps runs audits and even buys domains

The new Claude Sonnet 4.5 AI from Anthropic promises production-ready coding performance, raising the stakes in its battle with OpenAI’s GPT-5.

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Anthropic launches Claude Sonnet 4.5 claims state-of-the-art coding and production-ready apps
Anthropic unveils Claude Sonnet 4.5, an AI model that codes full apps, runs audits, and even buys domains.

The race to dominate the AI frontier has entered a new chapter. On Monday, Anthropic unveiled its latest model, Claude Sonnet 4.5, claiming it delivers state-of-the-art performance for coding tasks. More than just building prototypes, Anthropic insists the model can generate “production-ready” applications, marking a significant leap in reliability compared to its predecessors.

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Claude Sonnet 4.5 is available immediately via the Claude API and the Claude chatbot. Pricing remains unchanged from its predecessor, Claude Sonnet 4: $3 per million input tokens and $15 per million output tokens — the same cost structure that made the model competitive for developers building at scale.

Coding power beyond benchmarks

Anthropic emphasizes that the model has achieved industry-leading results on benchmarks like SWE-Bench Verified. But company researcher David Hershey told TechCrunch that numbers don’t fully capture its capabilities.

“I’ve seen Claude Sonnet 4.5 code autonomously for up to 30 hours,” Hershey said, recalling trials with enterprise customers. “It didn’t just build an application — it stood up database services, bought domain names, and even performed a SOC 2 audit to make sure everything was secure.”

Anthropic launches Claude Sonnet 4.5 claims state-of-the-art coding and production-ready apps


Such long-horizon performance has drawn praise from developers already experimenting with the tool. Michael Truell, CEO of coding startup Cursor, called Claude Sonnet 4.5 “state-of-the-art coding performance.” Meanwhile, Jeff Wang, CEO of Windsurf, described it as a “new generation of coding models.”

Competition heats up with GPT-5

Claude’s release comes as OpenAI ramps up its rollout of GPT-5, which has outperformed Claude in several coding benchmarks over the past two months. The rivalry between the two AI giants — backed by Amazon, Google, and Microsoft on one side and Anthropic’s investors on the other — has made the AI landscape more volatile, with new “flagship” releases arriving every few months.

Apple and Meta are among the major companies reportedly using Claude models internally, and Anthropic has built a thriving business selling API access for coding platforms like Replit, Cursor, and Windsurf.

Safer, smarter Claude

Anthropic also stressed that Claude Sonnet 4.5 is its most aligned frontier AI yet. According to the company, the model is less prone to sycophancy, deception, and prompt injection attacks, issues that have plagued generative AI in production environments.

The launch also included two key additions:

  • Claude Agent SDK, the same infrastructure behind Claude Code, designed to help developers build custom AI agents.
  • Imagine with Claude, a temporary research preview for Claude Max subscribers, showing the model’s ability to generate software on the fly, responding in real time without pre-written code.

Rapid cycles, high stakes

This release comes less than two months after Claude Opus 4.1, highlighting the breakneck pace of development in the AI industry. With every update, Anthropic and its rivals face the same challenge: delivering meaningful improvements fast enough to stay ahead in an intensely competitive market.

For now, Anthropic hopes Claude Sonnet 4.5 can hold its own against GPT-5, offering developers the kind of reliable, autonomous coding performance that could transform how software is built.

As Hershey put it: “Benchmarks matter, but watching Claude build something real, end-to-end, is where you see its true power.”

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Google shocks crypto world with $3B deal for Cipher Mining stake but here’s the twist

Google secures a 5.4% stake in Cipher Mining by backing $1.4B obligations in a multi-year AI data center partnership with Fluidstack

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OpenAI launches ChatGPT Pulse to deliver personalized morning briefs for Pro users
Google takes a 5.4% stake in Cipher Mining through a $3 billion AI data center deal

In a move that blends the worlds of artificial intelligence and cryptocurrency, Google has taken a surprising 5.4% equity stake in Cipher Mining. The deal, valued at $3 billion, ties directly to the company’s long-term strategy of expanding its role in high-performance computing (HPC) while keeping a firm foot in the evolving crypto-AI crossover.

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According to Cipher’s announcement on Thursday, Google agreed to backstop $1.4 billion of obligations owed by Fluidstack, an AI data center provider, in exchange for roughly 24 million shares of Cipher common stock. The agreement effectively gives the tech giant a 5.4% pro forma equity ownership in the Texas-based mining firm.

A bigger play in AI data centers

This transaction forms part of Fluidstack’s broader $3 billion, 10-year deal with Cipher, under which Cipher will lease out massive computing power to support AI operations. Specifically, Cipher will deliver 168 megawatts (MW) of computing capacity, expandable to 244 MW at its Barber Lake site in Colorado City, Texas. The site itself holds enormous potential, with a capacity ceiling of 500 MW and 587 acres of surrounding land ready for expansion.

OpenAI launches ChatGPT Pulse to deliver personalized morning briefs for Pro users


Cipher CEO Tyler Page called the move a major step forward:

We believe this transaction represents the first of several in the HPC space as we continue to scale our capabilities and strengthen our position in this rapidly growing sector.

A repeat of an August surprise

The news follows another deal in late August when Google became the largest shareholder in TeraWulf by taking a 14% stake through a similar obligation-backing agreement with Fluidstack. The pattern is clear: Google isn’t just dipping its toes into crypto mining—it is strategically aligning with companies positioned at the intersection of Bitcoin mining and AI infrastructure.

Why crypto miners are embracing AI

The trend isn’t unique to Cipher. Other Bitcoin mining firms are pivoting to AI and GPU-driven computing. Just this week, CleanSpark announced a $100 million financing round that will partly fund AI infrastructure. Investors rewarded the move, sending the company’s stock up by 5% in after-hours trading.

A mid-September analysis by The Miner Mag highlighted that Bitcoin mining stocks have been outperforming Bitcoin itself, largely because investors are favoring companies with GPU and AI pivots. Similarly, Hive Digital Technologies reported record revenue and earnings in August after expanding aggressively into GPU and AI services.

What this means for Google

For Google, the deal signals far more than just a crypto investment. It underscores the company’s strategy to secure massive computing resources for AI development at a time when demand for GPUs and high-capacity data centers is skyrocketing.

By securing a stake in Cipher Mining, Google gains access to an energy-intensive, high-scale infrastructure that can be repurposed for AI workloads, while simultaneously positioning itself as a central player in the evolving crypto-AI landscape.

Industry watchers now wonder whether this is just the start of a larger acquisition spree that could see Google entwine itself even deeper with crypto-centric high-performance computing firms. If so, the next few years could redefine the future of both Bitcoin mining and AI.

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