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The Australian Government's Productivity Commission has released a report analyzing the potential of AI to address the country's slowing productivity growth. The report suggests a soft-touch approach to regulation to maximize productivity gains from AI. Additionally, it recommends that government departments contribute their own data and resources to further the development of quality AI models.
The Commission recommends that the government departments at all levels "lead by example" and contribute their own data and resources to further the development of quality AI models.
The report is divided into three separate papers. The first paper acknowledges the productivity benefits of AI and suggests that governments can contribute their own data to support the development of quality models. The second paper discusses the benefits and risks of AI and suggests how the Australian government should regulate it.
The report notes that the Australian Public Service manages a vast amount of data that is not used to its full extent, and access remains restricted despite the clear benefits derived from safely sharing data across public and private sectors.