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But expert calls mere $124.1m commitment “troubling”.

Server spending in Australia to reach approximately US$1.3 billion by 2025.

The Government recently released its national AI Action Plan (pdf) that promises $124.1 million toward the development of artificial intelligence technologies which has been praised by local industry experts. The aim is for the Australian economy to take a share of what the document claims is a $20 trillion global opportunity. “Australia’s AI Action Plan sets out the Australian Government’s path forward to ensure we responsibly leverage AI to further strengthen our economy and lift the quality of life for all Australians,” the Minister’s foreword read. To better understand this plan...

Federal budget unpacks details of the government’s $124 million AI spend Treasurer Josh Frydenberg. Source: AAP/Lukas Coch. The federal budget has offered insight into the government’s $124 million investment into Australia’s artificial intelligence (AI) capabilities, first announced as part of the digital economy strategy last week. Previously, it had been announced that part of the funding would be pegged to create a National AI Centre, headed up by CSIRO. Now, we know this initiative will receive $53.8 million over four years, from 2021-22. The national centre, and four AI and Digita...

Single parents who want to buy a home, school leavers and retirees who want to boost their superannuation accounts are set to be big winners from this year's federal Budget.  Treasurer Josh Frydenberg will deliver his second Budget speech in seven months at 7.30pm on Tuesday as he aims to rebuild an economy that was sent into recession by the coronavirus lockdowns. Mr Frydenberg is already planning more big spending next financial year, with Deloitte predicting a Budget deficit of $87 billion, a figure well below this year's estimated $167 billion shortfall. 'We won't be undertaking any sha...