Source: Capital Brief

Capital Brief reports that the Business Council of Australia (BCA) has called for the establishment of a national AI research consortium alongside coordinated regulatory efforts. The BCA’s blueprint outlines recommendations to accelerate AI adoption while ensuring responsible governance and public trust. It emphasizes collaboration between government, industry, and academia to address challenges around ethics, security, and workforce impacts.

The article describes how the BCA envisions a framework that balances innovation with regulatory clarity, fostering a competitive yet ethical AI ecosystem. It also discusses the economic and social benefits anticipated from such coordinated AI strategies.