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Business Banking on Boost from AI

The Australian

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Description

Business bosses say Australia must embrace AI as a tool to lift flagging national productivity.

Summary

Australian business leaders are advocating for the rapid adoption of AI to address the nation's declining productivity growth. The discourse focuses on the economic imperative of integrating frontier AI tools across various sectors to maintain global competitiveness. While primarily focused on economic gains, the push for widespread implementation underscores the need for robust governance frameworks to manage the rapid deployment of powerful AI capabilities in the Australian market.

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Business banking on boost from AIBusiness bosses say Australia must embrace AI as a tool to lift flagging national productivity. EOFY Sale Now On Unlock a year of stories and more at a great price Digital Access What’s included Unlimited access on app & web A digital version of Today’s Paper Daily puzzles & Mind Games Complimentary access to The Wall Street Journal Subscriber-exclusive newsletters & early access to tomorrow’s front pages Pay As You Go No lock-in contract $1 a week for 4 weeks($4 min. cost). Then $44 charged every 4 weeks.* *Read the fine print The Australian Digital subscription costs $4 charged for a duration of 4 weeks, after which it automatically renews to $44 charged every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. New customers only. Prices after any early discounted periods may be varied as per full Terms and Conditions. See www.theaustralian.com.au/subscriptionterms for full details. LIMITED TIME ONLY EOFY Offer Less than $1 a day for your first year $6 a week for the first 12 months($24 min. cost). Then $44 charged every 4 weeks.* *Read the fine print The Australian Digital subscription costs $24 (min. cost) charged every 4 weeks for a duration of 52 weeks, after which it automatically renews at $44 charged every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. New customers only. Prices after any early discounted periods may be varied as per full Terms and Conditions. See www.theaustralian.com.au/subscriptionterms for full details. Subscribe Other subscription options Print + Digital Subscriptions Corporate Subscriptions Culture Travel + Luxury True Crime Podcasts Wealth Health Commentary Your Selection: $0 Your Selection – Change selection Today’s Total $0 Read the fine print Terms and Conditions Sorry, we are unable to process your request at this time. Please try again later.