WELLINGTON: New Zealand has launched its first national Artificial Intelligence (AI) Strategy, aiming to boost productivity and drive economic growth.
Science, Innovation and Technology Minister of New Zealand, Shane Reti announced the initiative on Tuesday, highlighting that AI could contribute up to 76 billion NZ dollars (45.76 billion US dollars) to New Zealand's GDP by 2038.
However, the minister noted that the nation is currently lagging behind other advanced economies in AI readiness, with many businesses yet to embrace the technology. The government's approach is designed to foster AI adoption by reducing regulatory barriers, offering clear guidance, and encouraging responsible innovation, Reti said.