Artificial Intelligence: Australia is Drowning in AI Regulation While Labor Invests in Quantum Computing
Australian Financial Review
SKIPPED
Details
- Date Published
- 19 Feb 2025
- Priority Score
- 3
- Australian
- Yes
- Created
- 8 Mar 2025, 01:04 pm
Description
The unanswered question is how can any country effectively regulate a fast-changing emergent technology and expect to be competitive in the global digital economy.
Summary
The article highlights the concern that Australia may be stifling AI innovation through heavy regulation, contrasting it with substantial investments being made in quantum computing. It critiques the government's approach, suggesting that excessive focus on regulation could hinder Australia's competitiveness in the rapidly evolving global digital economy. This discussion is particularly relevant to global AI governance as it underscores the balance between innovation and regulation, a central theme in managing existential risks associated with AI. The article provides insight into the current state and future trajectory of Australian AI policy within the context of global technological competition and safety frameworks.
Body
TechnologyAIPrint articleFeb 19, 2025 – 11.30amSaveLog 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?LoginThere is an oft-quoted maxim summarising different cultural approaches to the invention, commercialisation and adoption of transformative technologies: America innovates; China imitates; Europe regulates; Australia … hesitates.In the 21st-century digital economy, only the hugely ambitious and rival American and Chinese approaches have won out, transforming the global economy and its geopolitics in the process.Loading...Sandy Plunkettis founder of Innovation Clearinghouse and a thought leader in entrepreneurship, technology and innovation systemsSaveLog 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 MoreAIOpinionQuantum ComputingRegulationEd HusicInnovationFuture technologyFetching 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