How artificial intelligence can best boost Australia’s future living standards
How artificial intelligence can best boost Australia’s future living standards
Publish Date: 2026-05-18 18:30:00
Source Domain: www.unsw.edu.au
- AI can automate repetitive work, improve efficiency, and support decision-making at scale, according to Dr Keay.
- AI addresses labour shortages by allowing organizations to do more with limited resources.
- There is a risk that Australia might miss out on the value generated by AI due to its global concentration in a few overseas companies.
- Australian organisations rely heavily on imported AI technologies, leading to potential long-term economic consequences due to low domestic tax contributions from the profiting companies.
- Control of data is critical to help Australia benefit from AI, ensuring its development of beneficial AI-specific models.
- Dr Keay warns against giving up agency to foreign countries, emphasizing the importance of maintaining data sovereignty for national benefit.
