Australia is taking a decisive step toward becoming a leader in Artificial Intelligence (AI), with the Australian Academy of Technological Sciences and Engineering (ATSE) backing proposals to introduce mandatory guardrails for high-risk AI applications. These measures are seen as essential to ensuring the responsible development and deployment of AI systems across the country.
ATSE’s CEO, Kylie Walker, framed this moment as a turning point for Australia, stating, “Greater adoption of AI could see Australia’s economy increase by $200 billion annually, but it is critical that robust measures are rapidly implemented to safeguard these areas and position Australia at the forefront of AI development.” Her comments echo the urgency of establishing protective frameworks around AI, not just to support technological growth but also to ensure that Australia remains a global leader in both AI innovation and regulation.
At the heart of this shift are the newly introduced AI Safety Standards, which currently operate on a voluntary basis. These standards will guide AI developers and users until mandatory regulations come into effect. Walker described these standards as Australia’s opportunity to lead in both technological and regulatory innovation, setting the stage for the country to become a global model for responsible AI practices. “This is Australia’s AI moment. Ultimately, these proposals will help Australia lead in both technological and regulatory innovation in AI, setting a global standard for responsible and effective AI development and deployment,” she said.
Investing in home-grown AI industries is another critical focus for ATSE, with Walker emphasising that nurturing local innovation could drastically reduce Australia’s reliance on foreign AI systems. Building these capabilities domestically would not only bolster the economy but also give the Australian Government more control over the regulatory landscape, ensuring that AI systems align with community values and expectations. “Investing further in local AI innovations will simultaneously create new AI industries and jobs here in Australia and reduce our reliance on internationally developed and maintained systems,” Walker added.
Australia’s leadership in AI could be transformative, creating new jobs, industries, and economic growth, while also setting a global benchmark for the responsible development and oversight of AI technologies.
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