AI Agent · U.S. Treasury · Coinbase · Cointelegraph
Australian 40-year economic outlook recognizes ‘AI revolution,’ omits crypto
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Treasury named AI among five major transitions expected to reshape Australia’s economy, while Coinbase says the report overlooks the digital financial infrastructure AI agents could eventually need.
Key facts
- Despite the omission, Treasury’s separate report called the “Financial Innovation Strategy,’ released on Sept. 3, does address the link between AI and financial infrastructure
- The Intergenerational Report makes it clear that Australia’s prosperity over the next 40 years will depend heavily on our ability to adopt new technology and lift productivity,” Coinbase Australia
- The latest Intergenerational Report, published on Monday by the Australian Treasury, described agentic AI systems as having become “significantly” more capable, autonomous and widely used, surpassing
- Australia’s new 40-year economic outlook has identified artificial intelligence as one of five major transitions expected to have a profound effect on the economy, while leaving out any mention
Summary
Australia’s new 40-year economic outlook has identified artificial intelligence as one of five major transitions expected to have a profound effect on the economy, while leaving out any mention of crypto. The latest Intergenerational Report, published on Monday by the Australian Treasury, described agentic AI systems as having become “significantly” more capable, autonomous and widely used, surpassing human-level performance on some benchmarks. “The Intergenerational Report makes it clear that Australia’s prosperity over the next 40 years will depend heavily on our ability to adopt new technology and lift productivity,” Coinbase Australia country director John O’Loghlen said in emailed comments. Despite the omission, Treasury’s separate report called the “Financial Innovation Strategy,’ released on Sept. 3, does address the link between AI and financial infrastructure.