Dr. Shane Letty, Minister of Science, Innovation and Technology, has launched New Zealand's first AI strategy to increase productivity and grow a competitive economy.
“AI could add $76 billion to GDP by 2038, but we are lagging behind Ai-Farediness in other small, advanced economies, and many companies are not planning for technology yet,” says Dr. Reti.
“We need to develop stronger Kiwi AI capabilities to drive economic growth, a strategy that sends a strong signal that New Zealand will support AI intake.
“The role of government in AI is to reduce barriers to recruitment, provide clear regulatory guidance and promote responsible AI adoption.
“We have adopted a light and touch approach, and our strategy sets out our commitment to creating a regulatory environment that could give businesses confidence in their investment in technology.
“Private sector AI adoption and innovation will increase productivity by unlocking new products and services, increasing efficiency and supporting better decision-making.
“New Zealand's strength lies in being wise adopters. From AI-driven precision agriculture technology to healthcare diagnostics, kiwi companies can coordinate AI to solve our unique challenges and provide world-leading solutions.”
The strategy is consistent with OECD AI principles, and the government will continue to work with international partners on global rules to support the responsible use and development of AI.
“As New Zealanders need to build trust and provide social licenses for AI use, the government has also released responsible AI guidance to help businesses use, develop and innovate technology safely,” says Dr. Reti.
The government uses existing laws and regulations such as privacy, consumer protection and human rights to manage risk and privacy concerns.
New Zealand's artificial intelligence strategies and responsible AI guidance for businesses can be found on the MBIE website.
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