It is reported that the Albanese government is facing internal divisions over its decision to abandon proposed legislation aimed at regulating AI. According to four government sources, the Labor party is veering away from new laws that would deal with AI’s potential downsides. Instead, Minister for Industry and Innovation Tim Ayres is working on a lighter touch model that will mostly adopt existing regulations in areas including privacy and copyright, avoiding new red tape that might undermine productivity. This is amid the backdrop of the Productivity Commission’s recent interim report which recommends a pause in enacting mandatory AI guardrails, as well as an upcoming meeting of a delegation led by Assistant minister Andrew Charlton with US big tech executives from OpenAI, Nvidia and Amazon Web Services in the US. On the other hand, Backbencher Ed Husic has been urging Labor to push ahead with a new AI regulatory act he first proposed when he was a minister in Labor’s first term in office.
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