Five-year partnership to boost foundational AI research in Australia
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.