National AI Strategy Will Boost Business Large And Small

BusinessNZ welcomes a national strategy for artificial intelligence, saying the potential boosts to innovation, productivity and wellbeing can positively impact all sectors.

Director of Advocacy Catherine Beard says the emerging technology could be worth billions to New Zealand's GDP over the next decade.

"BusinessNZ strongly supports guidance material from the Government to help answer any questions businesses may have, and be more confident in their AI decision-making process.

"Artificial intelligence is already reframing the way we work, learn and interact daily. We've seen an increased uptake of generative models and more across the economy, but currently large businesses are more willing to make use of AI than smaller businesses.

"AI and the benefits that come with it are for all businesses. There are ways in which small businesses could benefit from even a basic understanding of the technology to boost productivity.

"While we should set rules that best advantage New Zealand, we don’t need to be entirely bespoke in the way we approach AI. So, it's reasonable that New Zealand adopts policy aligned with other OECD countries.

"By reducing regulatory barriers, leading the way and promoting the responsible use of AI, the Government can support businesses as they 'go for growth' with modern tools at their disposal.

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