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Speaker 1: Government has launched New Zealand's first AI strategy. We're the

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Speaker 1: last country in the developed world to do this. It's

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Speaker 1: going to be light to touch, use existing laws and

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Speaker 1: existing rules rather than introducing new ones. Doctor Shane that

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Speaker 1: he sees the Minister of Science, Innovation and Technology and

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Speaker 1: with us High.

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Speaker 2: Shane, good morning, Heather.

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Speaker 1: Am I right in thinking this is basically a signal

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Speaker 1: from you guys to private business, don't wait for the

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Speaker 1: new laws before you use it. They're not coming, go

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Speaker 1: for it.

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Speaker 2: It is definitely a signal out into the environment, both

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Speaker 2: to community and to business as to what the policy

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Speaker 2: settings government will follow. And that certainty is why other

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Speaker 2: countries have developed their national AI strategies and when it

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Speaker 2: was time for us to send that signal as well.

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Speaker 2: Correct Do you think.

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Speaker 1: That private businesses have been hanging back and holding off

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Speaker 1: on the investment waiting for the signal from you.

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Speaker 2: There is a sense that they wanted to know where

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Speaker 2: the government was going to be. Were we going to

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Speaker 2: be heavy handed regulatory or were we going to be

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Speaker 2: light touch? And we've now decided that we'll be light touch.

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Speaker 2: As as you described, there is reasonable adoption of AI

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Speaker 2: at the moment amongst these still in businesses, but we

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Speaker 2: believe it will are with a clear direction from government.

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Speaker 1: Why have you gone for light touch.

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Speaker 2: Because we have the regulatory settings at the moment that

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Speaker 2: will more than adequately cope for our AI needs both

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Speaker 2: across Consumer Protections, Privacy Act, Human Rights Act and you're

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Speaker 2: underlying OECD principles which we're anchoring the strategy on. So

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Speaker 2: we don't see a need heavy handed in this space.

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Speaker 1: Okay, Now I see that you guys are predicting that

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Speaker 1: it would add about seventy six billion dollars to the

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Speaker 1: economy in the last next war of thirteen fourteen years.

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Speaker 1: How so, like, practically, what does it do to add

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Speaker 1: that much value?

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Speaker 2: Oh? Sure? So this is a productivity gain. So modeling

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Speaker 2: last year across nineteen thousand tasks and four hundred occupations

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Speaker 2: suggested that the Generesis AI may free up an hour

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Speaker 2: per day of working time that an hour can be

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Speaker 2: better spent on other high value tasks. And so that's

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Speaker 2: fundamentally where that productivity figure comes from.

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Speaker 1: Brilliant, So I've Shane, good to talk to you. Thanks mate,

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Speaker 1: Shane the WEC Mister of Science and and Technology For

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Speaker 1: more from the mic Asking Breakfast. Listen live to news

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