Australia proposes A$70m 'AI Accelerator' grants in federal budget
( May 12, 2026, 10:33 GMT | Official Statement) -- MLex Summary: The Australian government included up to A$70 million ($50.5 million) in “AI Accelerator” grants to boost artificial intelligence development in its federal budget presented to parliament Tuesday. In Treasurer Jim Chalmers's budget speech, he said the government would also advance the use of AI across government services, including to “accelerate environmental and medicine approvals and make the National Construction Code easier to use.” Chalmers also said the government's efforts under its “National Competition Policy” could boost GDP by A$13 billion.Speech follows. Budget statement is attached....
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