Australian businesses spend $6 million a year on artificial intelligence: What this means for startups

  |   Written By by Titan Vine ON

[1] Based on the World Economic Forum’s research, Australian big businesses are paying out an average of $6 million annually on artificial intelligence (AI) technologies.

[2] AI developments promote business outcomes but can also pose greater risks to ethics and opportunity.

[3] Infosys Australia and New Zealand vice-president and regional head Andrew Groth says most Australian businesses are dependent on AI but only a few have AI skills.

[Source] Australian Information Technology News – Australian businesses spend $6 million a year on artificial intelligence: What this means for startups