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• Today, the federal Minister for Industry and Science Ed Husic revealed an interim response from the Australian government on the safe and responsible use of artificial intelligence (AI).
• The public, especially the Australian public, have real concerns about AI.
• By 2030, it may increase the Australian economy by 40%, adding A$600 billion to our annual gross domestic product.
• Some 69% of Australians, compared to just 23% of Japanese, were worried about the use of AI.

What are the main points in the government’s response on AI?

• First, there’s a plan to work with industry to develop voluntary AI Safety Standards.
• Second, there’s also a plan to work with industry to develop options for voluntary labelling and watermarking of AI-generated materials.
• And finally, the government will set up an expert advisory body to “support the development of options for mandatory AI guardrails”.

A little late?

• It’s hard not to conclude then that the federal government’s most recent response is a little light and a little late.
• Read more:
  How AI could take over elections – and undermine democracy

  We’ve already seen deepfakes used in recent elections in Argentina and Slovakia.

• The European Union has led the way in the regulation of AI – it started drafting regulation back in 2020.

A risk-based approach

• Like the EU, the Australian government’s interim response proposes a risk-based approach.
• For example, you likely get a lot less spam email thanks to AI filters.
• But there are other areas, such as the judiciary and policing, where the impact of AI could be more problematic.

• However, the biggest risk the report fails to address is the risk of missing out.
• AI is a great opportunity, as great or greater than the internet.
• Read more:
  AI: the real threat may be the way that governments choose to use it

Toby Walsh receives funding from the Australian Research Council and Google.org on grants to build trustworthy AI.

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• NEW YORK, Jan. 2, 2024 /PRNewswire/ -- Machine Vision (MV) Solutions for quality control in manufacturing are becoming ever more essential for manufacturers due to increased regulatory requirements, new manufacturing techniques, and crippling labor shortages.
• According to a new report from global technology intelligence firm ABI Research, the market is facing a period of significant evolution due to the growing presence of Artificial Intelligence (AI) solutions acting as an enabling technology, which will fuel growth in the quality control machine vision market to reach US$7.2 billion by 2028, up from US$2.3 billion in 2023.
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