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
  • BLOG
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
  • BLOG
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

SEC flags tokenization as high-risk area in 2027 market examinations

Israel Prepares For Possible Global Financial Restrictions

US Senate to Probe Tether Payments to Ex-Trump Adviser’s Company

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

SEC flags tokenization as high-risk area in 2027 market examinations

by CryptoExpert
October 24, 2026
0
Cointelegraph

The SEC’s latest priorities highlight tokenization as an emerging market risk, while cryptocurrencies remain absent as a standalone examination category. Source link

Read more

Israel Prepares For Possible Global Financial Restrictions

by CryptoExpert
October 24, 2026
0
Russia's Biggest Crypto Miner Sent To Detention In 1 Billion Ruble Fraud Case

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following...

Read more

US Senate to Probe Tether Payments to Ex-Trump Adviser’s Company

by CryptoExpert
October 23, 2026
0
Cointelegraph

Update (Oct. 23, 6:27 pm UTC): This article has been updated to include a response from Tether.Senator Richard Blumenthal has requested information from Tether CEO Paolo Ardoino after...

Read more

Malaysia, Thailand Join Singapore to Expand Cross-Border Stablecoin Payments

by CryptoExpert
October 23, 2026
0
Malaysia, Thailand Join Singapore to Expand Cross-Border Stablecoin Payments

Malaysia and Thailand are joining Singapore to make cross-border digital payments work more smoothly, bringing three central banks together to develop common rules for regulated stablecoins and tokenized...

Read more

Pentagon bans US forces from using military info to bet in prediction markets

by CryptoExpert
October 23, 2026
0
Cointelegraph

Hegseth warned that prediction market wagers could expose military operations to adversaries. Source link

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
  • BLOG

© 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) $ 80,608.00
ethereum
Ethereum (ETH) $ 2,363.96
tether
Tether (USDT) $ 0.9991
bnb
BNB (BNB) $ 730.15
xrp
XRP (XRP) $ 1.28
usd-coin
USDC (USDC) $ 0.999673
solana
Solana (SOL) $ 101.21
tron
TRON (TRX) $ 0.329997
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.02

Pin It on Pinterest

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