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In the 2023-2024 Commonwealth Government Budget, $41.2m was allocated to support Artificial Intelligence (AI) deployment in the Australian economy. Explain what is meant by AI

In the 2023-2024 Commonwealth Government Budget, $41.2m was allocated to support Artificial Intelligence (AI) deployment in the Australian economy.

 Explain what is meant by AI and discuss the main types of AI which businesses can implement?    

In relation to Australian businesses, discuss the potential benefits from adopting AI and discuss the potential challenges of implementing AI.

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What is AI Artificial Intelligence AI refers to the development of computer systems that can perform tasks that typically require human intelligence These tasks include understanding natural language ... blur-text-image

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