“I’m seeing way more exciting stuff in the US,” says Zeb Rice, a venture capital investor targeting AI start-ups in Australia and the US.
– and they are all talking about it, mucking around with it or already using generative AI to improve productivity.
Rice says Australia is missing its opportunity: AI technology has come a long way in the past year or so thanks to things like ChatGPT, and is getting towards the stage where long-talked about automation ideas can be turned into a reality. He reckons Australian start-ups could play a big role at the top of the AI landscape, developing applications and platforms that host or make AI models usable. These layers sit on top of the rapidly expanding and improving large language models like OpenAI ChatGPT or Meta’s LLaMA, and the infrastructure, hardware and chips dominated by big global players.In the May budget, there was $101.
Australia is already significantly behind in the AI arms race. According to Stanford University, there was $US1.35 billion private investment in Australian AI last year, which is a fraction of the US , China , the UK and even the likes of Israel, Canada and Argentina.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why massive MotoGP curveball boosts Miller’s Aussie chances; big unknown explained: Talking PtsMoto Gp: Marc Marquez had a rocky start to his Australian GP, with two crashes in Practice.
Read more »
Picture Australia needs to see todayShannon Noll and Guy Sebastian reunited in a wholesome picture that every Aussie needs to see.
Read more »
‘Dismayed’ Aussie rapper slams Storm, cuts ties amid revelation about board memberNRL: Ahead of the 2024 season, the Manly Sea Eagles have unveiled a new logo and identity.
Read more »
Wemby’s viral Steph moment in ‘absurd’ 90 seconds; Aussie’s statement — NBA WrapNBA: The NBA's newest young-gun Victor Wembanyama proved he can do it all, getting it done on both ends of the court in San Antonio's clash with Golden State.
Read more »
Aussie mum gives birth to baby girl three years after her husband’s death7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
You can’t book for Japan’s best restaurants, but this Aussie can get you inYou can’t make a booking at Sushi Saito, Japan’s best sushi restaurant. You won’t get a seat at Sushi Amamoto either. It just won’t happen. Not without Melburnian Rachel Lang.
Read more »