AI leaders and groups representing the wider tech sector have reacted with dismay at the absence of new funding for artificial intelligence from the Albanese government at a time when other nations are ramping up investment.
Tuesday’s Budget contained no new industry funding for AI, with a $40 million investment flowing exclusively towards the development of AI policies and a “reshaped” National AI Centre.
The government plans to use the new funding to continue work on AI guardrails, with mandatory safeguards for high-risk AI use like autonomous vehicles and healthcare and voluntary standards for lower risk applications under development.
Want to know how this story ends?
Become a subscriber for complete access to all stories on InnovationAus.com and our daily newsletter.
Do you know more? Contact James Riley via Email.