A report released last week highlighted the potential AI had to improve the country’s GDP by up to $53 billion before 2035.

Artificial Intelligence, Shaping a Future New Zealand also found over the next 40 years AI-driven job displacement would account for just 10 per cent of normal job creation and destruction.

“This is the fourth industrial revolution, we’ve been through three already and in all of those, we saw job losses but also new job creation. And it will be the same with this one,” Comrie said.

The potential for AI in business was discussed among the panel which included University of Canterbury law lecturer Dr Olivia Erdelyi, Westpac Ventures director Mike Burke and Intela AI chief executive and co-founder Asa Cox.

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