AI could face similar regulations to aviation and banking
ABC News
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Details
- Date Published
- 25 Oct 2024
- Priority Score
- 5
- Australian
- Yes
- Created
- 11 Oct 2026, 12:00 am
Description
Artificial intelligence companies could soon face similar safety regulations to banks and airlines, under new laws set to be introduced to federal parliament later this year. The government wants to put the onus on tech giants to ensure their products don't cause harm, while the opposition says it's open to embedding third-party evaluators within AI companies to keep on top of the risks.
Summary
The Australian federal government is proposing new legislative frameworks that would impose safety obligations on AI developers comparable to those in the aviation and banking sectors. Key discussions involve shifting the burden of proof to tech giants to demonstrate product safety and the potential for embedding third-party evaluators within frontier AI labs to monitor emerging risks. These developments signify a major shift in Australian AI governance toward mitigating systemic and catastrophic harms through proactive, high-stakes regulatory oversight.
Body
Artificial intelligence companies could soon face similar safety regulations to banks and airlines, under new laws set to be introduced to federal parliament later this year. The government wants to put the onus on tech giants to ensure their products don't cause harm, while the opposition says it's open to embedding third-party evaluators within AI companies to keep on top of the risks.More InformationFeatured: Professor Kimberlee Weatherall, University of SydneyJonno Duniam, Shadow Home Affairs MinisterDavid Pocock, Independent SenatorCreditsJack McKay, ReporterImage DetailsOpenAI previously gained unauthorised access to the Medicare statistics reporting service portal.(Reuters: Dado Ruvic)Program:More from AM Appears In AI companies to face stronger regulationDuration: 20 minutes 13 seconds20m 6itemsIn this episode1 of 6PlayingAI could face similar regulations to aviation and bankingDuration: 3 minutes 34 seconds3m 34s2 of 6Federal government sued over veteran medical recordsDuration: 3 minutes 17 seconds3m 17s3 of 6Former prince Andrew wins court battleDuration: 2 minutes 51 seconds2m 51s4 of 6Australian students learn from Botswana wetlandsDuration: 3 minutes 37 seconds3m 37s5 of 6Perth surf club to honour shark victimDuration: 3 minutes 22 seconds3m 22s6 of 6NASA ISS crew splash downDuration: 2 minutes 37 seconds2m 37s