A $6 million investment in Australia’s largest university-based machine learning research group by the Commonwealth Bank earlier this year paid for itself just three weeks into the five-year partnership.
That’s according to the bank’s chief information officer for technology Brendan Hopper, who has explained the thinking behind the recent investment in the Australian Institute for Machine Learning (AIML).
It represents the “biggest-ever investment from a private sector company in Australia into foundation AI”, and follows several other investments by AIML’s university and state government backers in recent months.
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