It is hardly news that ESG investing is a significant aspect of the asset management industry. According to Barron's, $400 billion was invested in U.S. mutual funds and assets that have an ESG orientation in 2021.
There is no legal definition for AI in Australia. Although some Commonwealth legislation explicitly refers to the use of technology or computer programs in order to permit the use of AI under that legislation, There are several examples of Commonwealth legislation expressly permitting administrative decisions to be made by computers, with these decisions deemed to have been made by the department official. Examples include the Social Security Administration) Act 1999 (Cth), s 6A, Migration Act 1958 (Cth) s 495A and Veterans’ Entitlements Act 1986 (Cth) s 4B. no piece of Commonwealth, State or Territory legislation, Australia has a federal system of government, with law-making powers divided between the Commonwealth (the federal, national government) and each state and territory, uses or defines the term “artificial intelligence”.
The Geotech IE will ensure that geotechnical engineering data can seamlessly move between GIS and BIM environments in support of engineering and infrastructure projects.
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