The adoption of artificial intelligence (AI) has been happening at an unprecedented rate. According to a report from the Technology Council of Australia and Microsoft, generative AI alone could contribute $115 billion to the Australian economy by 2030, assuming the current rate of adoption continues. Even if the rate slows down, it could still boost the economy by $45 billion.
AI has already been impacting businesses and the economy, resulting in increased productivity and efficiency for some while leading to job displacement for others. Sectors like finance, banking, media, marketing, and legal services have experienced the most impact, while manufacturing, […]
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