Australia’s opportunity in the new AI-Economy

Defining the new AI Economy conomy in Australia

The report by Microsoft highlights how Australia can become a leader in the global AI economy, potentially generating A$18.8 billion annually by 2035 through investments in AI applications, data centres, and data.

Key Points:

Focus Areas: Support startups, develop renewable or green energy powered AI infrastructure, and build a skilled AI workforce.

Challenges: Address risks like AI bias, security concerns, and digital exclusion.

National Benefits: Boost digital resilience, foster strategic partnerships, and open new export markets.

The report emphasizes responsible AI adoption to unlock economic growth and achieve national priorities.

Author

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