Australia has become the world’s third-largest destination for AI investment after the US and China, and Commonwealth Bank of Australia believes this trend could meaningfully boost the country’s productivity. New estimates suggest data-center capacity could more than triple by 2030 to around 6 gigawatts, or A$150 billion. The report triggered a rally in data-center related stocks, while CBA sees an annual productivity lift of 0.8 to 1 percentage point driven by the AI boom.