Financial Review AI Summit: Companies Must Take Responsibility for Not Breaking Laws with AI
Australian Financial Review
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Details
- Date Published
- 30 May 2024
- Priority Score
- 3
- Australian
- Yes
- Created
- 10 Mar 2025, 10:27 pm
Description
The competition and corporate regulators say businesses have all the information they need to experiment with AI, after being accused of providing a lack of guidance.
Summary
At the Financial Review AI Summit, corporate regulators asserted that companies have the necessary information to use AI without violating existing laws, countering claims by the Productivity Commission of insufficient regulatory guidance. The discourse reflects ongoing tensions in ensuring AI deployment complies with legal frameworks, highlighting the importance of clear regulatory support. This perspective is crucial as Australia navigates the legal landscape pertaining to AI, balancing innovation with accountability. Though the article does not directly address catastrophic AI risks, it discusses critical components of AI governance relevant to safety assurance.
Body
TechnologyAIPrint articlePaul SmithTechnology editorMay 30, 2024 – 1.40pmSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginThe competition and corporate regulators claim businesses have all the information they need to experiment lawfully with artificial intelligence, after the Productivity Commission accused them of leaving companies to figure things out without guidance.Productivity Commissioner Stephen King toldThe Australian Financial Review AI Summitin Sydney on Tuesday that regulators were failing to step up and explain to companies how they could deploy AI without breaking existing laws.Loading...Paul Smithedits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy.Connect withPaulonTwitter.EmailPaulatpsmith@afr.comSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreAIAI SummitRegulationBusiness ITDisruptionProductivity CommissionACCCAPRASydneyFetching latest articlesOlympic weightlifting is hard. This boss uses the 1pc rule to get it doneLucy DeanOut-of-control watch price rises give housing a run for its moneyKnow your craft: How the biggest airlines rate at the pointy endJun Bei Liu: How I learnt to speak upSally Patten and Lap PhanThe four actor ‘tricks’ giving executives more confidence‘We’ll fight’: Alex Waislitz on family battles and bad betsA last-chance tote bag and a groovy case for trumpetersEugenie KellyThis machine can bring out the creative streak you never knew you hadThis data-driven wellness retreat is a haven for high-flyersBillionaire Nicola Forrest appoints UBank boss to run family officePrimrose RiordanVictor Smorgon’s star fundie eyes 50pc returns for new fundForrest family powerbroker had alleged role in big Fortescue decisions