Industry minister Ed Husic says millions in existing funding for artificial intelligence is available to local firms willing to “step up”, rejecting criticism leveled at the government over its lack of investment to date.
As proposed mandatory guardrails and a new voluntary safety standard were unveiled on Thursday, Mr Husic defended the government’s track record in the wake of a disappointing federal Budget.
Other nations such as Canada, which has a comparable economy to Australia, has invested $2.7 billion to boost national capability in AI, while South Korea and Singapore have set aside $10.4 billion and $1.1 billion, respectively.
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