What will AI rules for business look like? These Australian regulators have shared some clues

Surging development and implementation of artificial intelligence has caught the eye of Australian regulators, whose submission to a government investigation could shape how AI regulation covers businesses in the future.

In an attempt to gauge how AI is changing the economy and the safeguards needed to protect users and businesses, the Department of Industry, Science and Resources issued its Safe and Responsible AI in Australia discussion paper in June this year.

It focuses on “governance mechanisms to ensure AI is developed and used safely and responsibly in Australia,” including “regulations, standards, tools, frameworks, principles and business practices”.

A major key to understanding today’s regulations, and how they could change in the future, is a submission by DP-REG — a new alliance of regulators including the Australian Communications and Media Authority, the Australian Competition and Consumer Commission, the Office of the Australian Information Commissioner, and the eSafety Commissioner.