Across these scenarios, AI could add between $95 billion and $116 billion to Australia’s economy over the next decade, increasing real GDP by between 2.6 per cent and 3.2 per cent by 2036. Some sectors are expected to expand as AI drives investment and demand, while others could require fewer workers. Huge economic potentialThe economic upside is dependent on businesses converting AI-driven productivity gains into higher investment, capacity and output. The shift will not be uniform across the economy, however, with some capital-intensive industries expected to require fewer workers as AI boosts productivity. Boosting productivityEY said AI could help address Australia’s long-running productivity problems – but only if businesses successfully implement the technology.