New AI Centre for Lot Fourteen

The University of Adelaide has announced a new strategic partnership with the Commonwealth Bank and the creation of the CommBank Centre for Foundational AI to advance research and bolster Australia’s AI capability.

The five-year partnership will further enhance the research and education offerings of the University’s Australian Institute for Machine Learning (AIML).

The Centre aims to keep Australia at the forefront of foundational machine learning and AI innovation, creating a competitive edge in harnessing AI technology. The partnership will foster foundational research into new machine learning methods and techniques and explore real-world applications in finance and other industries. For CommBank, this research could unlock further improvements to fraud detection to keep customers’ money and data safe, while identifying new ways to create personalised and secure banking experiences.

“Our researchers from the University’s Australian Institute for Machine Learning will work with experts from the Commonwealth Bank of Australia to apply the latest techniques in artificial intelligence.”Professor Anton Middelberg, Deputy Vice-Chancellor and Vice-President (Research), University of Adelaide

Key objectives of the partnership include:

• Attracting top AI talent to Australia: Leading AI researchers will be recruited to the centre and CBA through hybrid appointments, which will combine academic rigor with industry relevance.
• Research and publications: Generating high-impact research publications and sharing findings that will contribute to the global body of knowledge in AI.
• Industry-academia collaboration: Facilitating knowledge transfer through internships, workshops, and seminars, promoting a symbiotic relationship between industry needs and academic research.
• Building AI capability in Australia: Foundational researchers are at the heart of any connected tech and innovation ecosystem.

The new CommBank Centre for Foundational AI will be located at Lot Fourteen innovation district, North Terrace.

More here: https://www.adelaide.edu.au/newsroom/news/list/2024/09/17/five-year-partnership-to-boost-foundational-ai-research-in-australia