Artificial intelligence (“AI“) is rapidly growing and bringing positive changes to various aspects of life, but concerns regarding potential risks are also emerging. The Australian government has been prioritising ethical considerations while advancing technology and AI for years. In 2022, the Department of Industry, Science, and Resources of the Australian Government (“the Department“) sought public input on…
AI regulation and automated decision-making. Additionally, the government demonstrated its commitment by allocating $101.2 million in the 2023-24 May Budget to support businesses in the quantum and AI technologies sector.
On 31 May 2023, the Department released a discussion paper to gather views on how AI should be regulated, how it can mitigate potential risks and at the same time support safe and responsible AI practices. Read our guide below for information on the codes of conduct as well as the next steps for firms offering AI-enabled solutions.
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