Minister for Industry and Science Ed Husic. Source: SmartCompany.
Artificial intelligence continues to be a focus for the federal government when it comes to the tech sector, and the 2024-25 budget reveals $39.9 million will go towards safe and responsible adoption of AI.
It’s worth noting this isn’t an entirely new investment. Last year’s budget saw $102.2 million over five years set aside to support businesses integrate quantum and AI into their operations.
Part of this included the extension of the National AI Centre and its support of responsible AI usage.
This year, the budget papers allocate $21.6 million over four years, starting in the 2024-25 financial year, to be used to “establish and reshape National AI Centre (NAIC) and an AI advisory body”.
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