AIIA Says R&D Tax Incentive Is Crucial For Australian AI Development

March 29th, 2019 artificial intelligence

The Australian Information Industry Association (AIIA) has stated that government, industry and researchers must work together to ensure solutions are developed for potential opportunities and issues posed by artificial intelligence (AI) products and services.

Chief Executive Ron Gauci said that a focus on skills development and an effective R&D Tax Incentive programme would encourage a more favourable business environment for innovation, commercialisation and export of Australian AI products. He said that without strong government support, Australia will struggle to compete on a global scale.

In relation to AI regulation, the AIIA suggested that the government:

  • Build upon existing legal and ethical frameworks to mitigate the risk of over regulating;
  • Build upon existing industry experience to develop AI standards;
  • Create an integrated approach to encourage AI development.

The AIIA Navigating Artificial Intelligence Summit will be held on 6 June 2019 to discuss the challenges posed by AI in Australia.

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