Wellington, July 8 -- New Zealand today launched its first national Artificial Intelligence (AI) Strategy, aiming to boost productivity and drive economic growth.
The government will also adopt a regulatory approach, using existing legislation and regulations to manage risk and privacy concerns.
The strategy is expected to contribute up to $76 billion to New Zealand's GDP by 2038. Science, Innovation and Technology Minister Shane Reti emphasized the importance of adopting AI technology, highlighting its potential to unlock new products and services, enhance efficiency, and improve decision-making.
However, the minister noted that the nation is currently lagging behind other advanced economies in AI readiness, with many businesses yet ...