Data centre and AI investment is driving a “once-in-a-generation shift” in business spending, with growth now back at levels last seen at the tail end of the early 2010s mining boom.
New analysis by Committee for Economic Development of Australia (CEDA) shows total business investment climbed 10.4 per cent over the 12 months to June, taking expenditure to 12.6 per cent of GDP.
Business investment last stood this high in …
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