Original article by Noah Yim
The Australian – Page: 2 : 19-Jul-23

Tech Council of Australia and Microsoft have released a report which highlights the potential economic benefits of generative artificial intelligence technology. The report estimates that a rapid take-up of AI could boost the domestic economy by up to $115bn a year by 2030; a slower deployment of AI would boost the economy by around $45bn annually over the same time-frame. The report adds that the economic benefits of AI would primarily be derived from improving existing industries and enabling the creation of new products and services.

CORPORATES
TECH COUNCIL OF AUSTRALIA, MICROSOFT AUSTRALIA, MICROSOFT CORPORATION