A $23 trillion opportunity: Why Australia must embrace the AI revolution - SmartCompany

The idea of robots taking our jobs is not radically new. But artificial intelligence (AI) is now completely reorganising the global economy. Some estimates of productivity-driven economic growth conclude that AI will contribute approximately $US16 trillion ($23 trillion) to the global economy by 2030. Unfortunately -- compared to the European Union, Japan, United States and United Kingdom -- Australia has been relatively late in turning to address the challenges of AI, and creating the right policies to deal with its many implications (good and bad). For our economy to thrive, what we need now is the right mix of governance, regulation, civil society participation, industry support and business compliance -- as well as the development and deepening of digital literacy throughout Australian communities.