Artificial intelligence to increase ‘productivity and capability': AI expert
AI expert Michelle Gilmore discusses the rise of artificial intelligence and its effects on human "productivity and capability".
'I think it can be incredibly beneficial to us … if we embrace this in the right ways … we will see an incredible change in human productivity and capability I'm really optimistic about these notions,' Ms Gilmore said.
'There is an opportunity before us … big business in Australia and the Australian government have a huge responsibility to ensure this happens well.
'It will happen anyway.
'If we don't do this nationally, talent will go offshore and startups will be suffocated, so we have to make sure we invest in innovation as much as we invest in regulation and policy.'

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

AU Financial Review
39 minutes ago
- AU Financial Review
Lithium miner Ioneer launches $25m capital raising
Australian lithium miner Ioneer is back in front of investors with a capital raising. Ioneer's Rhyolite Ridge lithium-boron project.


West Australian
an hour ago
- West Australian
Stocks' restrained response to US-China trade framework
Share markets and the dollar have offered a guarded welcome to the latest signs of progress in US-China trade talks, while awaiting more detail of what was decided and whether it would stick for long. Bond investors were also hunkered down for a reading in US inflation that could show the early impact of tariffs on prices, and a Treasury auction that will test demand for the debt. In London, negotiators from Washington and Beijing said they had "agreed a framework on trade" that would be taken back to their leaders. US Commerce Secretary Howard Lutnick added the implementation plan should result in restrictions on rare earths and magnets being resolved, but again offered no specifics. "Even though details are scant, as long as the two sides are talking, I think markets will be happy," said Carol Kong, a currency strategist at Commonwealth Bank of Australia. "It will still be very hard and it will take a long time for both sides to reach a comprehensive trade agreement," she added. "That sort of comprehensive deal usually takes years to be reached, so I'm sceptical that a framework reached at the meeting in London will be comprehensive." The law was another hurdle as a federal appeals court allowed President Donald Trump's most sweeping tariffs to remain in effect on Tuesday while it reviews a lower court decision blocking them. Investors, who have been badly burned by trade turmoil before, offered a cautious response and MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent. Japan's Nikkei added 0.4 per cent in early trade on Wednesday and Australian stocks firmed 0.4 per cent. EUROSTOXX 50 futures, FTSE futures and DAX futures were all down 0.2 per cent, while S&P 500 futures and Nasdaq futures both lost 0.1 per cent. The reaction in currency markets was equally restrained, with the dollar dipping 0.1 per cent on the Japanese yen to 144.73 . The euro edged up to $1.1433 and the dollar index held steady at 98.971. Bond investors had other things to worry about and yields on 10-year Treasuries were little changed at 4.467 per cent. An auction of $US39 billion ($A60 billion) in 10-year notes is due later in the day and the market is anxious to see if foreign buyers turn up. Concerns about huge US budget deficits and debt have combined with unease over the White House's erratic trade policies to see investors demand a higher term premium for holding Treasuries. Data on US consumer prices for May might also show some initial upward pressure from tariffs, though analysts assume it will take a few months to fully show in the series. Median forecasts are for the headline CPI to rise 0.2 per cent and the core 0.3 per cent, which would nudge the annual rates up to 2.5 per cent and 2.9 per cent respectively. Anything higher would be a setback to hopes for another rate cuts from the Federal Reserve and could see bonds sell off. Markets imply little chance the Fed will ease at its meeting next week or in July, but have priced around a 60 per cent chance of a move in September. In commodity markets, gold edged up 0.3 per cent to $US3,333 ($A5,113) an ounce. Oil prices eased back from near seven-week highs ahead of U.s. inventory data. Brent dropped 31 cents to $US66.56 ($A102.10) a barrel, while US crude eased 28 cents to $US64.71 ($A99.27) per barrel.


Perth Now
an hour ago
- Perth Now
Stocks' restrained response to US-China trade framework
Share markets and the dollar have offered a guarded welcome to the latest signs of progress in US-China trade talks, while awaiting more detail of what was decided and whether it would stick for long. Bond investors were also hunkered down for a reading in US inflation that could show the early impact of tariffs on prices, and a Treasury auction that will test demand for the debt. In London, negotiators from Washington and Beijing said they had "agreed a framework on trade" that would be taken back to their leaders. US Commerce Secretary Howard Lutnick added the implementation plan should result in restrictions on rare earths and magnets being resolved, but again offered no specifics. "Even though details are scant, as long as the two sides are talking, I think markets will be happy," said Carol Kong, a currency strategist at Commonwealth Bank of Australia. "It will still be very hard and it will take a long time for both sides to reach a comprehensive trade agreement," she added. "That sort of comprehensive deal usually takes years to be reached, so I'm sceptical that a framework reached at the meeting in London will be comprehensive." The law was another hurdle as a federal appeals court allowed President Donald Trump's most sweeping tariffs to remain in effect on Tuesday while it reviews a lower court decision blocking them. Investors, who have been badly burned by trade turmoil before, offered a cautious response and MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent. Japan's Nikkei added 0.4 per cent in early trade on Wednesday and Australian stocks firmed 0.4 per cent. EUROSTOXX 50 futures, FTSE futures and DAX futures were all down 0.2 per cent, while S&P 500 futures and Nasdaq futures both lost 0.1 per cent. The reaction in currency markets was equally restrained, with the dollar dipping 0.1 per cent on the Japanese yen to 144.73 . The euro edged up to $1.1433 and the dollar index held steady at 98.971. Bond investors had other things to worry about and yields on 10-year Treasuries were little changed at 4.467 per cent. An auction of $US39 billion ($A60 billion) in 10-year notes is due later in the day and the market is anxious to see if foreign buyers turn up. Concerns about huge US budget deficits and debt have combined with unease over the White House's erratic trade policies to see investors demand a higher term premium for holding Treasuries. Data on US consumer prices for May might also show some initial upward pressure from tariffs, though analysts assume it will take a few months to fully show in the series. Median forecasts are for the headline CPI to rise 0.2 per cent and the core 0.3 per cent, which would nudge the annual rates up to 2.5 per cent and 2.9 per cent respectively. Anything higher would be a setback to hopes for another rate cuts from the Federal Reserve and could see bonds sell off. Markets imply little chance the Fed will ease at its meeting next week or in July, but have priced around a 60 per cent chance of a move in September. In commodity markets, gold edged up 0.3 per cent to $US3,333 ($A5,113) an ounce. Oil prices eased back from near seven-week highs ahead of U.s. inventory data. Brent dropped 31 cents to $US66.56 ($A102.10) a barrel, while US crude eased 28 cents to $US64.71 ($A99.27) per barrel.