Hearsay Podcast: Regulating AI: Australia’s Interim Response Unpacked – Raymond Sun

• CPD Points: 1 [PM] [SL]
• Price: $79.00
• Area: Digital and Information Technology Law; Workplace, Business and Career
• Delivered: February 2025

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Description

In this podcast, Ray Sun, Lawyer, Herbert Smith Freehills, is interviewed by Hearsay's hots, David Turner. In January 2024 the Australian Government published its Interim Response to the Safe and responsible AI in Australia which is being run through the Department of Industry, Science, and Resources. The consultation received 510 online submissions, held 11 roundtable discussions, and one town hall event with 345 participants. The Interim Response highlights the enthusiasm of Australians for AI, its potential transformative benefits when put to good use, and the potential benefits to the economy from the technology.

The following supporting materials are provided with this May 2024 podcast:

• Infographic
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Podcast Takeaways

• The risks associated with AI are well-known, including bias leading to discrimination. Concerns involve intellectual property rights and data privacy, particularly in how AI is trained. These issues are crucial to address in the development and deployment of artificial intelligence technologies.
• In November last year, US President Biden issued an executive order on AI, marking a significant development in American AI regulation. This action has led to the introduction of new initiatives and frameworks in both the US and the EU, shaping the regulatory landscape for artificial intelligence technologies.
• A risk-based response involves regulating AI systems according to their risk level, with stricter regulations for higher-risk systems and more relaxed rules for lower-risk ones. This approach, popularised by the EU, is at the core of the EU Act, which utilises a risk tier system for regulation.
• The goal is not just regulatory, but broadly economic. It is important to consider the big picture, including the government budget and recent funding in technology, such as AI.
• There is currently significant debate revolving around the distinction between regulating artificial intelligence (AI) through specific laws tailored for AI technologies versus applying existing laws to govern AI. This debate is a significant aspect of the broader conversation on AI regulation.