Artificial Intelligence: Why AI Is at Risk of Being Overregulated in Australia
Australian Financial Review
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Details
- Date Published
- 17 June 2025
- Priority Score
- 2
- Australian
- Yes
- Created
- 18 June 2025, 04:10 pm
Description
The NBN was decried by some as being a monumental waste of resources. Now we thirst for ever-increasing speeds to accommodate our business and productivity needs.
Summary
The article explores concerns regarding the potential overregulation of AI technologies in Australia, highlighting a tension between fostering innovation and ensuring safety. It draws historical parallels with Alan Turing's pioneering work in computing to underscore the argument that excessive regulation could stifle technological advancements. While it touches on significant governance issues, it primarily critiques regulatory practices rather than directly addressing catastrophic AI risks. The article is relevant to Australian policy, emphasizing the need for balanced regulatory frameworks that do not hinder productivity and innovation.
Body
TechnologyAIPrint articleJun 19, 2025 – 8.00amSaveLog 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?LoginIn the early 1940s Alan Turing, based in Bletchley Park in England, was tasked with breaking the Enigma code, used by the German navy to locate their submarine fleet.Turing conceded that the finest human brain could not break the daily resets of the code in less than 20 years – a far cry from the urgent needs of the British armed forces that it be broken in less than 24 hours. So Turing created the first model of a general-purpose computer – Turing is widely considered to be the father of theoretical computer science – to overcome the limitations of the human brain to perform a vital task.Loading...Graeme SamuelAC is a professor in the Monash Business School, Chair of Airlines for
Australia and New Zealand, and a former chairman of the Australian Competition and Consumer Commission.SaveLog 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 MoreAIOpinionProductivityJim ChalmersRegulationFetching latest articlesIt’s the coolest chalet in Switzerland – though not for everyoneMatthew DrummondHotel dining used to be bland. Now it’s reinventing room service2 top Melbourne creatives join forces for a new restaurantThe CEO of this $7b company is doubling his workforce – by using AIPatrick DurkinThis executive tripled his salary in 5 years. Here is how he did itHow a banker, coal owner and pokies baron passed the ESG pub testThis Sydney financier dreams of hitting the road with David BeckhamLife & LeisureThis Aston Martin can be tailored to your taste – but it will cost youThis re-released best-selling handbag is now yours for $9450Toorak Rich Listers caught up in mansion fireHannah Wootton‘How very Sydney’: Justin Hemmes forced to unleash charm offensiveBillionaire Geminder mulls asset sales at struggling Pro-Pac business