New Zealand Boosts AI Research with $70M Investment: Dr. Shane Reti Leads Innovation Drive

Dr Shane Reti, the Science, Innovation, and Technology Minister, announced a $70 million investment in AI research to enhance New Zealand's AI capabilities, accelerate commercialization, and stimulate economic growth. The investment will be made over seven years through the New Zealand Institute for Advanced Technology to support innovative AI research, develop expertise, and boost competitiveness. Dr. Reti emphasized the importance of seizing opportunities in AI, citing successful collaborations that have shown potential for significant healthcare savings and revenue generation.