Australia considers new AI regulations as industry divides emerge

The Australian government is considering new regulations for artificial intelligence (AI) in high-risk areas. Industry and Science Minister Ed Husic announced that 300 submissions were received, with many calling for mandatory AI guardrails to protect human rights. Support for a standalone AI Act is strong among human rights groups and media organizations. However, tech companies and major banks oppose this approach, arguing it could be costly and hinder broader digital regulation efforts. The government has not yet decided on its regulatory path. Husic is promoting AI development at the SXSW event in Sydney, emphasizing the importance of safe and responsible technology use in Australian businesses.