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Australian gov't spends A$7.67M on AI research for resource sector

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The Australian government is setting up two mining research centres in partnership with universities and commercial supporters, according to an announcement made on Tuesday.

The centers will be based in Sydney and Adelaide.

The Australian government said research activity at the University of Sydney "...will focus on data analytics related to the long-term impact of resource use on Australia's economy, society and environment. It will help develop the necessary data science skills for Australia’s resource industries to make the best possible evidence-based decisions when using our natural resources."

The University of Adelaide will focus on advanced sensors and data analytics.

University of Adelaide deputy vice-chancellor (research) professor Mike Brooks commented on the funding in a news release.

"Underpinned by world-leading research, our new, high-tech training centre will help to shape the very future of mining operations in Australia," Brooks said.

"Combining our expertise in advanced sensors, data analytics, artificial intelligence (AI) and machine learning, the new centre will deliver vital tools, training and workforce needs to help ensure Australia and key industry players lead the world.”

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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