Jim Chalmers (Rankin, Australian Labor Party, Treasurer) Share this | Hansard source

This plan is about capturing these economic opportunities. When it comes to the budget, we've got three pieces of investment already rolling out: $29.9 million for the AI Safety Institute, $1 billion through the National Reconstruction Fund and $166 million for government AI. Here I acknowledge the work of Minister Gallagher, working with the other colleagues. When it comes to the upcoming budget, we've made it really clear that a big focus of the upcoming budget, in addition to inflation and in addition to global uncertainty, will be this productivity challenge that the honourable member knows has been hanging around in our economy for some decades. AI can be part of the solution to our productivity challenge if we manage it right and maximise the opportunities along the lines of the AI plan. AI and productivity more broadly are a really important part of the deliberations and discussions that we've been having on this side of the House as we lead up to the government's fifth budget in May.

See this speech in context