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The World Builds AI While Canberra Just Writes More Rules

The Australian

ENRICHED

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Description

If Albanese spends the AI age just regulating what others are building, our economic decline will not be an accident. It will be policy.

Summary

This critique examines the Australian government's approach to AI, arguing that excessive regulatory focus—termed 'safetyism'—may lead to economic decline by stifling innovation. It suggests that while global competitors prioritize frontier AI development, Australia's emphasis on red tape could prevent the nation from capturing the benefits of the AI revolution. The piece warns that prioritizing safety frameworks over capability development risks leaving Australia as a mere consumer of regulated foreign technologies rather than a leader in the global AI landscape.

Body

The world builds AI while Canberra just writes more rulesIf Albanese spends the AI age just regulating what others are building, our economic decline will not be an accident. It will be policy. All your news for a great price Unlock this story and more with your subscription Digital Access What’s included Unlimited access on app & web A digital version of Today’s Paper Daily puzzles & Mind Games A subscription to The Wall Street Journal Subscriber-exclusive newsletters & early access to tomorrow’s front pages Pay As You Go No lock-in contract $1 a week for 4 weeks($4 min. cost). Then $44 charged every 4 weeks.* *Read the fine print The Australian Digital subscription costs $4 charged for a duration of 4 weeks, after which it automatically renews to $44 charged every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. New customers only. Prices after any early discounted periods may be varied as per full Terms and Conditions. See www.theaustralian.com.au/subscriptionterms for full details. 12 Month Plan Lock in & save $6.50 a week for the first 12 months($338 min. cost) charged as $26 every 4 weeks. Then $26 charged every 4 weeks.* *Read the fine print The Australian Digital subscription 12 Month Plan costs $338 (min. cost) for the first 12 months, charged as $26 every 4 weeks. This automatically renews after the first 12 months to be charged as $26 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12 months. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. New customers only. Prices after the first 12 months may be varied as per full Terms and Conditions. See www.theaustralian.com.au/subscriptionterms for full details. Subscribe Other subscription options Print + Digital Subscriptions Corporate Subscriptions Student Subscription Verified journalism. Expert analysis. Study smarter and stay informed with a student subscription View offer View offer Your Selection: $0 Your Selection – Change selection Today’s Total $0 Read the fine print Terms and Conditions Sorry, we are unable to process your request at this time. Please try again later.