Artificial intelligence (AI) is already in use in many sectors. Its contribution is expected to rise steadily, driven by advances in data storage, computer processing power and connectivity.
Following last week’s report on AI by the Australian Council of Learned Academies (ACOLA), the Royal Society of New Zealand Te Apārangi today launches a report that focuses on the opportunities and risks the “fourth industrial revolution” might bring to Aotearoa New Zealand.
AI, in all its applications, is predicted to contribute some US$15.7 trillion to the global economy by 2030. This represents roughly the combined GDP of China and India in 2018.
Australia and New Zealand are yet to develop national AI strategies. The reports look 20 years ahead, which is a useful period for policy development. The explicit focus on well-being provides a helpful frame to start national conversations about how to embrace these new technologies, leading rather than passively accepting advances from offshore.
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