“Artificial Intelligence (AI) and energy are the new power couple”: IEA While we understand that the announced Plan is to “put all these (local green manufacturing) programs (and those yet to be announced) under the new FMiAA”, we stress that the Government should also support the underpinning software and data supply chain. [...] This includes the manufacturing/ and adoption of AI, which are powerful software tools to run advanced manufacturing processes and manage the energy grids of the future, according to the International Energy Agency. [...] Retained Economic Benefit and the importance of international partnerships The AIIA agrees that the focus is in leveraging existing Australia’s competitive advantages and “not old- fashioned protectionism or isolation.” As in its submission to “supporting the development of sovereign capability in the Australian technology sector,” the AIIA emphasises the continued importance of considering the va. [...] Not only does this add to the confusion and frustration within the technology industry and result in wasted efforts and missed opportunities in Australia, the economy is seeing a decline in skills development, critical technology adoption and productivity benefits. [...] For example, despite a public submission process to develop the AI Strategy and Action Plan in 2020 and the 2021 federal budget allocated $121 million to a series of AI projects, it was naturally disrupted by the results of the last election.
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