‘More funding for pandas than tech’: entrepreneurs blast federal budget

‘More funding for pandas than tech’: entrepreneurs blast federal budget

Federal Treasurer Jim Chalmers did not mention artificial intelligence once in the recent federal budget papers, and that’s prompted a tech entrepreneur to say there was more funding for pandas than founders in the government’s plan to reignite the economy. The Albanese government has forecast that AI would inject up to $600bn a year into the national economy by the end of the decade, but some tech leaders say it’s uncertain how it would achieve…

Business leaders and IT decision makers confirm that the use of artificial intelligence will reach levels of mass adoption, as organizations are allocating a greater proportion of their IT budgets to AI implementations, according to a new IDC research commissioned by Lenovo. The new global report “2025 [...] The post Lenovo Global Study reveals that ROI remains the biggest barrier to AI adoption despite the fact that spending tripled first appea…

Australia's AI adoption spurs call for proactive security

The rise of artificial intelligence in Australia is set to drive organisations to invest nearly AUD $6.2 billion in information security by 2025, amidst rising data risks.