Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
No Result
View All Result
Invest In Crypto News
No Result
View All Result

Australia asks if ‘high-risk’ AI should be banned in surprise consultation

CryptoExpert by CryptoExpert
June 1, 2023
in Regulation
0
Australia asks if ‘high-risk’ AI should be banned in surprise consultation
  • Facebook
  • Twitter
  • Pinterest


You might also like

Avici Attacker Turns $190 Into $670K as Team Refunds Users

BNB Price Prediction Targets $984 After the $701 Breakout, and This Crypto Presale Is Lining Up 130x

Trump Digital Gold Token Crashes 99% After a Suspected Rug Pull

The Australian government has announced a sudden eight-week consultation that will seek to understand whether any “high-risk” artificial intelligence tools should be banned.

Other regions, including the United States, the European Union and China, have also launched measures to understand and potentially mitigate risks associated with rapid AI development in recent months.

On June 1, Industry and Science Minister Ed Husic announced the release of two papers — a discussion paper on “Safe and Responsible AI in Australia” and a report on generative AI from the National Science and Technology Council.

The papers came alongside a consultation that will run until July 26.

okex

The government is wanting feedback on how to support the “safe and responsible use of AI” and discusses if it should take either voluntary approaches such as ethical frameworks, if specific regulation is needed or undertake a mix of both approaches.

A map of options for potential AI governance with a spectrum from “voluntary” to “regulatory.” Source: Department of Industry, Science and Resources

A question in the consultation directly asks, “whether any high-risk AI applications or technologies should be banned completely?” and what criteria should be used to identify such AI tools that should be banned.

A draft risk matrix for AI models was included for feedback in the comprehensive discussion paper. While only to provide examples it categorized AI in self-driving cars as “high risk” while a generative AI tool used for a purpose such as creating medical patient records was considered “medium risk.”

#AI is already part of our lives. As the technology develops, we need to ensure it meets Australians’ expectations of responsible use. Be part of the @IndustryGovAu discussion, below. https://t.co/Gz11JCXlsG

— Australia’s Chief Scientist (@ScienceChiefAu) June 1, 2023

Highlighted in the paper was the “positive” AI use in the medical, engineering and legal industries but also its “harmful” uses such as deepfake tools, use in creating fake news and cases where AI bots had encouraged self-harm.

The bias of AI models and “hallucinations” — nonsensical or false information generated by AI’s — were also brought up as issues.

Related: Microsoft’s CSO says AI will help humans flourish, cosigns doomsday letter anyway

The discussion paper claims AI adoption is “relatively low” in the country as it has “low levels of public trust.” It also pointed to AI regulation in other jurisdictions and Italy’s temporary ban on ChatGPT.

Meanwhile, the National Science and Technology Council report said that Australia has some advantageous AI capabilities in robotics and computer vision, but its “core fundamental capacity in [large language models] and related areas is relatively weak,” and added:

“The concentration of generative AI resources within a small number of large multinational and primarily US-based technology companies poses potentials [sic] risks to Australia.”

The report further discussed global AI regulation, gave examples of generative AI models, and opined they “will likely impact everything from banking and finance to public services, education and creative industries.”

AI Eye: 25K traders bet on ChatGPT’s stock picks, AI sucks at dice throws, and more



Source link

  • Facebook
  • Twitter
  • Pinterest
CryptoExpert

CryptoExpert

Recommended For You

Avici Attacker Turns $190 Into $670K as Team Refunds Users

by CryptoExpert
August 30, 2026
0
Hacker Steals $5M From Sauce Protocol, HBAR Slides 3%

A Solana-based Avici security exploit has exposed more than $1 million in user funds, after an attacker reportedly spent just $190 on gas before draining over $670,000. Meanwhile,...

Read more

BNB Price Prediction Targets $984 After the $701 Breakout, and This Crypto Presale Is Lining Up 130x

by CryptoExpert
August 29, 2026
0
BNB Price Prediction Targets $984 After the $701 Breakout, and This Crypto Presale Is Lining Up 130x

The BNB price prediction starts at $701, with $700 now holding as support and the $1,373.40 record 92% above. Analysts already have $984 on the board for December,...

Read more

Trump Digital Gold Token Crashes 99% After a Suspected Rug Pull

by CryptoExpert
August 29, 2026
0
Trump Digital Gold Token Crashes 99% After a Suspected Rug Pull

The Solana based Trump Digital Gold (GOLD) token crashed more than 99%, with traders accusing the project of a rug pull after a compromised X account that appeared...

Read more

Who Is Legally Liable When An AI Agent Goes Rogue?

by CryptoExpert
August 29, 2026
0
Cointelegraph

Autonomous AI agents can behave in highly unpredictable ways. Give an AI Agent a goal such as passing a test of its capabilities, and it might just decide...

Read more

Kaspa Price Nears a Critical Falling Wedge Breakout, Can It Rally 120% Next?

by CryptoExpert
August 28, 2026
0
Kaspa Price Nears a Critical Falling Wedge Breakout, Can It Rally 120% Next?

Kaspa price is finally pressing against a level that could decide its next major move. After consolidating around the $0.02575 support since early February, KAS is now trading...

Read more
Next Post
Bitcoin's creator has become an AI chatbot

Bitcoin's creator has become an AI chatbot

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 78,116.00
ethereum
Ethereum (ETH) $ 2,456.24
tether
Tether (USDT) $ 0.999982
bnb
BNB (BNB) $ 694.08
xrp
XRP (XRP) $ 1.39
usd-coin
USDC (USDC) $ 0.999959
solana
Solana (SOL) $ 104.95
tron
TRON (TRX) $ 0.340272
hyperliquid
Hyperliquid (HYPE) $ 82.93
staked-ether
Lido Staked Ether (STETH) $ 2,265.05

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?