Australia to Establish AI Capability Plan to Boost Industry

by A1

2 hours ago

Australia is set to develop a National AI Capability Plan aimed at bolstering its standing in the fast-evolving artificial intelligence industry.

Australia's Government Initiative

Industry and Science Minister Ed Husic announced plans to create a National AI Capability Plan to reinforce the country's AI ecosystem through workforce upskilling, investment attraction, and innovation support.

This plan will look to harness our AI know-how to secure our supply chains and strengthen our critical infrastructure.Ed Husic

Measures to Strengthen AI Industry

The plan envisages close collaboration with firms, communities, and workers to advance AI capabilities. It includes a review of current support mechanisms and the promotion of AI literacy and workforce re-training.

Opinions on the Approved Plan

Simon Bush, CEO of the Australian Information Industry Association, believes the timeframe for review should be reduced due to the rapid expansion of the AI industry, projected to grow to $826 billion globally by 2030.

Australia requires a balanced approach to both ensuring AI regulation and guardrails protect citizens but also having industry policy that supports AI innovation, investment and adoption.Simon Bush

The National AI Capability Plan is a crucial step for Australia's growth and development in the innovative field of AI, though experts highlight the need for expedited implementation.

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