Billions of dollars are pouring into Australia’s data centers, with the industry promising jobs, investment and a chance to turn the country’s abundant renewable energy into computing power for the world. But how much richer will the boom actually make Australia — and who ultimately benefits?

Bloomberg economist James McIntyre joins host Haidi Stroud-Watts to follow the money and separate the economic opportunity from the AI hype. He explains what the boom could mean for jobs, power prices and inflation — and why the surge in investment could make the Reserve Bank’s job even harder.