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Artificial intelligence revolution offers benefits and challenges

Artificial intelligence (AI) is the subject of much, and sometimes fantastical, speculation. However, the development of powerful mathematical models and increasing computer power have combined to make AI economically useful for a wide range of tasks, and companies report that the adoption of AI has delivered improvements in sales and efficiency. In an Issues Paper just released by SACES, the Australian Institute of Machine Learning argues that AI has reached a global tipping point and that Australia needs to invest in research and development in order to take advantage of this next wave of automation. Australia urgently needs a formal, national strategy for AI to ensure that we are net beneficiaries and not simply powerless recipients of this new and potentially disruptive technology.

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