The Malinauskas Government is investing an additional $6 million in artificial intelligence (AI) research and development at the Australian Institute of Machine Learning (AIML).
The University of Adelaide's additional funding of the same amount will enable AIML to expand its core business and improve its global competitiveness.
The new funding will contribute to:
- Support AIML's research and engineering teams to help government and South Australian small and medium-sized businesses develop AI-enabled products and services, automate processes and improve productivity.
- We have established four International Exchange PhD Scholarships and 16 Honors/Masters Scholarships to provide opportunities for South Australian students.
- Recruiting leadership and top AI research talent in South Australia
AI is one of the most innovative and productivity-enhancing technologies and has been recognized as critical to Australia's national interests.
The University of Adelaide is ranked 7th in the world for AI* and AIML is internationally recognized for its expertise in AI, machine learning and computer vision.
AIML's presence in Lot Fourteen has encouraged global technology companies such as Google, Amazon, MTX and Accenture to establish Adelaide offices.
AIML was established in 2017 with foundational investment from the Weatherill Labor Government and has since grown to become Australia's largest university machine learning research group.
Further investment in AIML by the SA Government and the University of Adelaide will position the new University of Adelaide at the forefront of national AI research, create active partnerships with local industry, and support the people of an emerging and vibrant South Australian. It helps provide exciting research career opportunities. growth sector.
The Australian Productivity Commission's recent Five Year Product Survey: Driving Prosperity report found that automation, including AI, could add a cumulative $1.1 trillion to $4 trillion to Australia's economy by the 2030s. It is estimated that there is. *US News Best Global Universities, Subject Rankings, 2023
Words by Peter Malinauskas
Whether it's through the creation of new universities or by leveraging the AUKUS opportunity, our Government is determined to improve the complexity of our economy and raise the standard of living for South Australians.
According to PwC, the rapid development and adoption of AI is expected to increase global GDP by up to 14% by 2030, resulting in economic growth of $15.7 trillion. South Australia can capitalize on this huge opportunity.
Australia is home to nationally recognized AI companies and is well known for punching above our weight in AI, despite making up just 7 per cent of Australia's population. , contributing more than 20 percent of the country's AI research in 2021.
Enhanced industrial AI capabilities are key to increasing efficiency, productivity and automation, helping South Australia become a world-leading digital economy.
Words by Susan Close
AIML's research and engineering team is expected to support an additional five state government projects and up to 50 industry projects, in addition to four PhD international exchange scholarships, which will be given priority to AUKUS partner universities. .
This investment in high-tech education will help ensure South Australians have the skills they need to tackle a range of major projects within the state, other parts of the country and internationally.
The applications of AI are increasing every day and this investment will help South Australia remain at the forefront of this technology.
Simon Lucey, Director of the Australian Machine Learning Institute at the University of Adelaide, said:
This has been a breathtaking year for AI, and South Australia is one of the world's leading locations for AI activity. Since the Australian Institute of Machine Learning (AIML) was founded six years ago, we have worked with more than 35 companies and numerous government agencies to use AI to develop new products and increase productivity. has been improved.
Our expansion program not only continues that important work for South Australia but also now includes new scholarships for domestic students and international exchanges with world-class AI academia and industry players. Opportunities allow us to expand our programs.
This makes the University of Adelaide a very attractive choice for talented students looking to build a career in the global AI industry.
Words from Professor Anton Middelberg, Vice-Chancellor (Research), University of Adelaide
The University of Adelaide is committed to outstanding and innovative research in AI and this funding will create new opportunities to help shape South Australia's future.
This investment will help us expand our innovative efforts, attract the best talent in AI to the University of Adelaide and the Australian Institute for Machine Learning (AIML), and strengthen the state's position as a technology leader.
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