Technology
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.
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.

“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.

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.

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.
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Technology
Global Shockwave: Countries Rush to Ban Kids From Social Media… But Experts Ask “Will It Really Work or Just Backfire?”
With Britain, Canada, and Australia pushing under-16 social media restrictions, experts warn enforcement may be harder than lawmakers expect.
A growing global debate over children’s safety online has reached a new turning point, as several countries move swiftly to restrict or outright ban social media access for users under the age of 16. The movement, led by nations like Australia, is now being closely followed by United Kingdom and Canada — sparking both praise and serious concerns from digital rights experts.
The proposed policies aim to protect minors from harmful content, cyberbullying, addictive algorithms, and mental health pressures linked to platforms such as Instagram, TikTok, and Snapchat. Lawmakers argue that children are increasingly exposed to risks they are not emotionally equipped to handle.
However, the big question dominating global tech discussions is simple — will it actually work?
Experts warn that while the intention behind the bans is clear, enforcement could become a major challenge. Teenagers are already known for bypassing age restrictions using fake accounts, VPNs, and borrowed devices. Critics argue that without strong verification systems, the rules could remain more symbolic than practical.
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Digital policy analyst Dr. Laura Bennett commented that “we are trying to regulate a borderless digital world using national laws — and that gap is where enforcement breaks down.”
Tech giants like Meta, which owns Instagram and Facebook, and ByteDance, the parent company of TikTok, are expected to face increasing pressure to implement stricter age verification tools. Some companies have already started testing AI-based age detection systems, but their accuracy remains under scrutiny.

At the same time, child protection advocates argue that governments have delayed action for too long. Rising concerns over mental health issues among teenagers, excessive screen time, and online exploitation have pushed policymakers to act more aggressively than ever before.
Yet, critics also warn of unintended consequences. Some fear that banning access entirely may push young users toward less regulated platforms, making it even harder to monitor harmful behavior.
As the global debate intensifies, one thing is clear — the world is entering a new phase of internet regulation, where governments are no longer just asking how social media is used, but who should be allowed to use it at all.
Whether this sweeping movement becomes a model for digital safety or a lesson in enforcement failure will likely depend on what happens next in courts, classrooms, and on every teenager’s smartphone.
Technology
YouTube says ‘enough is enough’… Faceless AI Channels lose reach as algorithm shift hits ‘AI slop’ wave
Once-rising faceless creators who thrived on automated content are now seeing sudden drops in views as YouTube tightens its ranking system to prioritize originality and human-driven storytelling.
For the last few years, a quiet revolution was unfolding on YouTube. Entire channels were being built without faces, voices, or even traditional storytelling. Instead, they relied on AI-generated scripts, synthetic voiceovers, stock visuals, and mass-upload strategies.
These so-called “faceless creators” were everywhere—posting motivational videos, celebrity summaries, financial advice clips, and bizarrely repetitive “Top 10” lists. And for a while, it worked. Some channels were pulling millions of views, turning automation into a full-time income machine.
But that era is now facing a sharp correction.
The Algorithm Shift That Changed Everything
Over the past few months, YouTube has quietly adjusted its recommendation system. The platform, owned by Google under parent company Alphabet Inc., has been under increasing pressure to clean up what many creators and viewers have called “AI slop”—low-effort, mass-produced content that prioritizes volume over value.
The result? A noticeable drop in reach for channels heavily dependent on automated content pipelines.
Many creators are reporting sudden dips in impressions and watch time, even when upload frequency remains unchanged. Some channels that once gained traction overnight are now struggling to break into recommendations.
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As one creator bluntly put it in community discussions, “It feels like the floor just disappeared under us.”
What Exactly Is “AI Slop”?
The term “AI slop” has become a catch-all phrase for content that is:
- Mass-produced using AI tools
- Lacking original commentary or human perspective
- Repetitive in structure and storytelling
- Designed primarily to game recommendation algorithms
While AI tools like OpenAI have enabled faster content creation, they have also lowered the barrier to entry so much that entire content farms have emerged.
These farms often publish dozens—or even hundreds—of videos per day, targeting trending keywords rather than meaningful narratives.
Faceless Creators Caught in the Crossfire
Not all faceless creators are the same. Some channels use animation, research, and editorial voiceovers to produce high-quality content without ever showing a face.
However, the algorithm update appears to be less forgiving toward patterns associated with bulk automation.
That means even legitimate creators who never relied on low-quality AI output are experiencing collateral damage.
Industry analysts suggest the platform is now prioritizing:

Watch time consistency over click spikes- Audience retention over volume
- Original narration over synthetic voice duplication
- Channel authenticity signals
The Bigger Shift: YouTube Wants “Human Again”
This change reflects a broader industry concern: audiences are getting tired of content that feels machine-generated.
Even Sundar Pichai, CEO of Alphabet, has previously emphasized the importance of responsible AI use in content ecosystems, warning that technology must enhance—not replace—human creativity.
YouTube’s direction now appears aligned with that philosophy: reduce spam-like automation and reward creators who bring personality, storytelling, and originality back into the platform.
Creators Are Adapting… or Exiting
Across creator forums, two reactions are emerging:
Some are pivoting—adding real voiceovers, personal commentary, and longer-form storytelling. Others are abandoning faceless formats altogether, saying the economics no longer work.
A few are even migrating to alternative platforms such as TikTok or Instagram Reels, hoping for more favorable algorithm behavior.
But experts warn that this is likely not a temporary trend reversal. Instead, it may signal a long-term restructuring of how algorithmic content discovery works across social media.
What Happens Next?
The crackdown on “AI slop” may only be the beginning.
Platforms like YouTube are increasingly being forced to balance three competing forces:
- Creator growth
- Viewer satisfaction
- AI-generated content explosion
The outcome will likely define the next era of digital media.
For now, one thing is clear: the days of effortless faceless content scaling through automation alone may be coming to an end.
And in its place, a new rule is emerging—if you want attention on YouTube, you may need to sound, think, and feel more human than ever before.
Technology
Hollywood Is Panicking About AI Stealing Jobs But This One Startup Says It Has the Answer Nobody Saw Coming…
As writers, directors, and visual effects artists scramble to figure out whether artificial intelligence will rescue or ruin their careers, an online film school called Curious Refuge is quietly becoming the most important classroom in the entertainment industry.
There is a particular kind of dread spreading through Hollywood right now — and it has nothing to do with a writers’ strike, a box office slump, or a streaming platform pulling the plug on a beloved show. It’s quieter than all of that. More existential. It shows up in late-night group chats between editors, in the hushed conversations at studio lots, in the anxious questions asked at industry panels that nobody fully knows how to answer.
The question is always some version of the same thing: Is AI coming for my job?
And for a growing number of film and television professionals, the honest answer is: maybe. But one company believes the more important question isn’t whether AI will change Hollywood — it’s whether you’ll know how to use it when it does.
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Meet the Startup Rewriting the Rules
Curious Refuge is an online film school, but calling it that almost undersells what it has quietly become. Founded with the mission of teaching creative professionals how to harness the latest artificial intelligence tools for filmmaking, it has found itself at the absolute center of one of the most disorienting moments in Hollywood’s modern history.
The platform offers courses, tutorials, and hands-on training specifically designed for industry professionals — not hobbyists or tech enthusiasts, but working directors, cinematographers, visual effects artists, editors, and producers who are realizing, often with a jolt of alarm, that the tools reshaping their industry are evolving faster than any traditional film school could ever track.
In a town built on storytelling, Curious Refuge is telling a very specific story: that AI isn’t simply a threat to be feared — it’s a skill to be learned. And the window to learn it, they argue, is narrowing fast.
The Fear Is Real — And So Are the Layoffs
To understand why a platform like Curious Refuge is resonating so deeply, you have to understand the scale of anxiety currently running through the entertainment industry.
Hollywood has already watched AI disrupt visual effects pipelines in ways that would have seemed like science fiction just three years ago. Tools built by companies like Runway, Adobe, OpenAI, and Google DeepMind are now capable of generating footage, de-aging actors, creating digital environments, and even drafting screenplay structure — tasks that once required entire departments of skilled human workers.
The Writers Guild of America fought hard during the 2023 strike to establish protections around AI use in scripted television and film. The SAG-AFTRA strike that same year put the question of digital actor likenesses and AI-generated performances front and center in labor negotiations. Those fights produced agreements — but agreements that many in the industry privately admit feel temporary, like a sandbag wall against a rising tide.
Because the technology didn’t wait for the ink to dry. It kept advancing.
‘Scrambling to Learn’ Is an Understatement
What Curious Refuge has tapped into is something very human beneath all the technical noise: the fear of being left behind.

Industry professionals who spent years — sometimes decades — mastering their craft are now looking at AI-generated reels on social media and feeling something they’re not used to feeling. Vulnerable. Replaceable. Behind.
A veteran visual effects supervisor who has worked on major studio tentpoles doesn’t want to go back to school. A working screenwriter with multiple produced credits isn’t looking to pivot into tech. But both of them are quietly, urgently trying to understand tools they were never trained to use — because they can see, with their own eyes, what those tools are capable of.
This is exactly the gap Curious Refuge is filling. And they are filling it not by replacing the human element of filmmaking, but by arguing that the most dangerous place to be right now is on the sidelines.
The Uncomfortable Truth Hollywood Doesn’t Want to Say Out Loud
Here is the tension that sits at the heart of this entire conversation, and it’s one that even the most thoughtful voices in the industry tend to dance around: AI is not going to stop.
The studios know this. The streaming platforms know this. Netflix, Amazon, Disney, Warner Bros. — all of them are either already investing in AI tools for production or actively exploring partnerships with companies developing them. The economics are simply too compelling to ignore. AI can reduce certain production costs dramatically. For a studio trying to greenlight more content with tighter margins, that is not an abstract benefit.
What that means for the below-the-line workers — the crew members, the background artists, the entry-level assistants who are the backbone of how films and television shows actually get made — is a question the industry has not yet fully reckoned with.
Curious Refuge isn’t solving that structural problem. No single startup can. But what it is doing is giving individual professionals a fighting chance to stay relevant in a landscape that is shifting beneath their feet in real time.
Learning the Tool That Might Take Your Job
There is something almost poignant about the situation Curious Refuge finds itself in. It is teaching people how to use the very technology that some of them fear will eventually make them unnecessary. The courses aren’t cheap — and the students aren’t casual hobbyists. They’re professionals with mortgages and careers and reputations, trying to figure out whether mastering generative AI tools makes them more valuable to studios or simply more complicit in their own industry’s transformation.
It’s a genuinely complicated ethical position. And to their credit, the people behind Curious Refuge don’t pretend it isn’t.
What they argue — persuasively, given the current evidence — is that the professionals who adapt will have a place in whatever Hollywood becomes next. And the ones who wait, hoping this all blows over, are taking the bigger risk.
What Comes Next
Nobody in Hollywood — not the executives, not the labor unions, not the most optimistic tech evangelists — really knows exactly what the entertainment industry looks like in five years. The pace of AI development has made confident predictions feel almost embarrassing in retrospect.
What is clear is that the transition is happening now, not eventually. Films are already being made with significant AI components. Sora, Runway, Midjourney, and a growing ecosystem of production-specific AI platforms are moving from experimental curiosities to genuine production tools at remarkable speed.
Curious Refuge is betting that the most valuable people in that future Hollywood won’t be the ones who fought AI the hardest — they’ll be the ones who understood it the best.
Whether that bet pays off for the industry’s most vulnerable workers, or simply helps the most adaptive ones land safely while others are left behind, is a story Hollywood is only just beginning to tell.
And unlike most of its productions, this one doesn’t have a guaranteed happy ending.
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