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This week, the and announced a landmark five-year partnership to establish the co-branded CommBank Centre for Foundational AI Research at . This collaboration embodies a shared vision between industry and academia, driving critical advancements in artificial intelligence (AI) that will elevate research and educational outputs at the �Ӱ�ֱ��’s .

The Centre aims to keep �Ӱ�ֱ�� 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.

This initiative was born from a CommBank investment in AI, the largest of any company in �Ӱ�ֱ��. It aims to position South �Ӱ�ֱ�� as a leader in foundational AI research, developing cutting-edge machine learning techniques with real-world applications across industries such as finance and national security. CommBank will harness these innovations to enhance customer security and create more personalised banking experiences.

Key objectives include:

• Attracting top AI talent through hybrid roles that bridge academic and industry expertise.
• Producing high-impact research publications that contribute to the global AI knowledge base.
• Promoting industry-academic collaboration via internships, workshops, and seminars.
• Building AI sovereign capability in �Ӱ�ֱ�� to strengthen national leadership in AI R&D.

This initiative reflects a mutual commitment to fostering innovation and economic growth through AI. As Professor Simon Lucey, AIML Director, noted during the centre's launch on Wednesday, “investing in foundational AI is essential for addressing national challenges and ensuring AI systems contribute to �Ӱ�ֱ��’s economic and societal development.”

For more information, please read the �Ӱ�ֱ�� of Adelaide's media release - /�Ա�ɲ����Ǵdz�/�Ա�ɲ�/��������/2024/09/17/�ھ�����-��𲹰�-�貹��…