As a researcher with a background in technology and economics, I am thrilled to see Australia’s government taking proactive steps towards enhancing its AI capabilities. Having spent years observing various global economies adapt to technological advancements, I firmly believe that investing in AI is not just an option but a necessity for any country aiming to stay competitive in the 21st century.
Australia’s administration plans to create a National Artificial Intelligence Growth Strategy, aiming to expand their domestic AI sector, responding to demands for Australia to enhance its standing and competitiveness in this rapidly expanding field.
On December 16th, Minister Ed Husic for Industry and Science announced that the plan aims to bolster our nation’s artificial intelligence (AI) environment by training our workforce, attracting investments, and nurturing innovation.
He stated that the strategy aims to utilize our advanced artificial intelligence capabilities to fortify our supply chains and enhance the resilience of our essential infrastructure.
Husic emphasized that we’ll collaborate tightly with businesses, communities, and labor forces, aiming to boost investments in our Artificial Intelligence skills,
Based on Husic’s statement, during the evaluation process, the government agency plans to scrutinize existing assistance programs at both state and federal levels to determine if they are beneficial or detrimental to Australia’s Artificial Intelligence sector.
The assessment will additionally examine methods for enhancing public understanding of AI and developing the local workforce through education and retraining programs. Simultaneously, Husic emphasizes the need to pinpoint promising research and innovative fields within academic institutions and industries.
As per the Australian Government’s Department of Industry, Science and Resources, there are currently around 650 artificial intelligence (AI) businesses in operation. It is projected that AI and automation will contribute significantly to Australia’s Gross Domestic Product (GDP), potentially generating hundreds of billions annually by the year 2030.
As a researcher, I’m eagerly anticipating the completion of the National AI Capability Plan, scheduled for late 2025. This follows a comprehensive and open consultation process aimed at gathering diverse perspectives from the public.
On the other hand, some contend that the projected timeframes may be excessively lengthy given the rapid expansion of this market, potentially reaching a staggering $826 billion worldwide by 2030, as suggested by Statista.
According to Simon Bush, CEO of the Australian Information Industry Association (AIIA), which represents our nation’s communication and tech sector, a National Artificial Intelligence (AI) Strategy is commendable, but it needs to move at a faster pace.
In a statement on December 16th, Bush indicates that the review deadline should be moved to July 2025, as the existing one would likely result in funding not being available until at least 2027. He considers this timeline too prolonged given the swift pace of advancements in the field of artificial intelligence.
He noted that, compared to other countries, Australia has been fairly cautious about integrating artificial intelligence into its economy, primarily because of apprehensions and worries associated with adoption.
Bush stated the need for Australia to strike a balance between establishing regulations and safety measures for AI that prioritize citizen protection, while simultaneously fostering an environment that encourages AI innovation, investment, and implementation.
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2024-12-16 09:29