Australia has announced plans to develop a national AI strategy to strengthen its AI capabilities and attract investment, aiming to unlock the economic productivity potential of these technologies. The strategy will focus on building AI skills, sovereign capabilities, and infrastructure, positioning Australia to seize the $600 billion boost to GDP that the government expects AI will deliver by 2030. Set to be developed in consultation with industry, the AI plan is expected to be released in late 2025 — after the next federal election, which is scheduled for the year’s first half. SEE: The Challenges of Demonstrating AI ROI In Australian Organisations Australia’s Federal Minister for Industry and Science, Ed Husic, emphasized the plan’s role in driving AI investment, supercharging industries and creating well-paid jobs nationwide. “We need to scale up our capabilities in critical technologies in ways that work for businesses and their workers,” Husic said in a statement announcing the new AI plan. What will be contained in Australia’s new AI capability plan? The AI plan aims to develop a comprehensive strategy focusing …