The Morrison Government is investing $12 million to strengthen partnerships between the technology sector and regional Australians to solve uniquely Australian challenges. The new Catalysing the Artificial Intelligence Opportunity in Our Regions program will provide competitive grant funding over three rounds to regional organisations for artificial intelligence (AI) projects that deliver benefits to regional industries, businesses and communities. The program is part of the Government's $124.1 million investment under the AI Action Plan, which sets out a vision for Australia to become a global leader in developing and adopting trusted, secure and responsible artificial intelligence. Under round one, grants of between $250,000 and $500,000 are available. Minister for Science and Technology Melissa Price said the program would showcase the opportunities for AI to boost regional capabilities, grow trust in this technology and create a pathway for high-skilled jobs in regional Australia.

Some of the biggest businesses in Australia will trial a series of eight principles around artificial intelligence, developed as part of the Morrison Government's AI Ethics Framework. NAB, Commonwealth Bank, Telstra, Microsoft and Flamingo AI have signed up to test the principles to ensure they deliver practical benefits and translate into real world solutions. Minister for Industry, Science and Technology Karen Andrews said AI is a powerful technology that can create jobs, boost the economy and improve our quality of life and is an important part of the Government's economic plan. "The Morrison Government is determined to create an environment where AI helps the economy and everyday Australians to thrive. The eight AI ethics principles are just one part of this vision," Minister Andrews said.