Australian business is yet to see the full value of burgeoning artificial intelligence capability, but productivity gains already being touted at some of the country’s biggest companies are the start of era defining changes, leading experts said compared to the industrial revolution.

A group of top level Australian corporate and public sector bosses, investors, entrepreneurs, technology industry and political leaders, joined The Australian Financial Review to assess how much has changed since the topic of generative AI burst onto the mainstream agenda at the end of 2022 with the launch of ChatGPT, and where the big opportunities lie.