The Australian Government has released the Artificial Intelligence (AI) Action Plan in a bid to accelerate the development and adoption of AI technologies. "AI could contribute more than $20 trillion to the global economy by 2030, and the AI Action Plan will help us leverage opportunities for AI to further strengthen the economy and improve the quality of life of all Australians, while ensuring that the development and adoption of AI is guided by appropriate safeguards, privacy and ethical considerations," said Minister for Industry, Science and Technology Christian Porter. The Action Plan is backed by $124.1 million in funding announced in the May Budget and sets out four key focus areas for government that will help to position Australia as a global leader in AI. Focus one: Developing and adopting AI to transform Australian businesses -- support to help businesses develop and adopt AI technologies to create jobs and increase their productivity and competitiveness. Focus two: Creating an environment to grow and attract the world's best AI talent -- support to ensure our businesses have access to talent and expertise.