Australia could miss out on a $150 billion boost to its economy if it fails to invest in artificial intelligence, including sovereign AI models, regional hubs, training and infrastructure.

But decisive investments in the technology could deliver an additional $235 billion within a decade, a study has found, and would help the nation catch up to the rest of the world.

The Australian Academy of Technological Sciences and Engineering and consulting firm Kearney released the warnings on Friday from research that modelled three AI investment and policy scenarios.

The findings come as the industry waits for the release of the federal government's national AI plan, due before the end of 2025, and after federal Treasurer Jim Chalmers announced AI would become a national priority.

The study, ca

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