Australia’s technology sector expresses support for the country’s unique approach to regulating artificial intelligence (AI), which focuses on a risk-based and proportionate approach rather than a one-size-fits-all solution. The Australian government has chosen not to follow in the footsteps of the European Union, which has developed a stand-alone AI act.
The Tech Council of Australia, representing major tech companies like Telstra, Microsoft, and Canva, welcomes the government’s decision, emphasizing that AI is not a singular technology and requires a flexible approach to encourage innovation and adoption. Kate Pounder, the CEO of the Technology Council of Australia, believes that a risk-based approach will help nurture the emerging AI ecosystem in the country.
The establishment of an advisory body to provide guidance to the government is also praised by industry leaders. They argue that a consistent, practical, and well-coordinated approach to AI regulation is needed, and an advisory body can play a crucial role in achieving this. The Australian Information Industry Association (AIIA) has been advocating for strong government-led AI principles, a national AI strategy, and industry funding since 2017.
While the technology sector supports Australia’s AI regulation approach, concerns are raised about the scope of regulation. Catriona Wallace, the chair of AI-focused venture capital firm Boab, calls for the government to address both high risks and unacceptable risks. She highlights examples of AI being used to exploit and extort money from children, which require immediate attention.
Australia’s unique stance on AI regulation aims to strike a balance between fostering innovation and ensuring public safety. The government believes that a risk-based and proportionate approach will enable the country to be at the forefront of AI development and adoption, while also addressing potential risks and harms associated with the technology.
The source of the article is from the blog regiozottegem.be