AI
Australia considers banning high-risk AI despite economic potential
The federal government has released two landmark papers laying the groundwork to regulate AI technology while also noting its great potential.
- by Paul Sakkal
Latest
Yes, we need more housing, but we also need stricter building regulations
Letter writers applaud the NSW Productivity Commissioner’s support for increased density, but there are plenty of caveats.
Updated
World markets
Inflation shock drives ASX to the lowest close in a month
Higher-than-expected inflation data sent the Australian sharemarket to its lowest point since March, with miners, energy companies and consumer stocks taking a hit.
- by Millie Muroi
AI poses ‘risk of extinction’ on par with nukes, tech leaders say
There are hundreds of signatures on a one-sentence open letter that succinctly warns AI poses an existential threat to humanity, but two notable names are missing.
- by Aaron Gregg, Cristiano Lima and Gerrit De Vynck
Analysis
Investing
Investors warned off AI ‘gold rush’ as Nvidia shares soar
Tech investments can produce stellar returns, but investors need to tread carefully as the sector has a habit of getting ahead of itself.
- by John Collett
Exclusive
Victor Dominello
Labor to take first steps in writing AI rule book
Sources say the government has been in talks about a discussion paper on artificial intelligence and is preparing for public consultations.
- by Paul Sakkal
Analysis
AI fakes and Twitter’s lack of control are a dangerous combination
Twitter’s reinvention of its verification program, combined with a new generation of synthetic media, could create a perfect storm for misinformation.
- by Tim Biggs
Lawyer uses ChatGPT to submit ‘fake’ court cases
A New York lawyer is facing possible sanctions after admitting he used the AI tool to carry out legal research after it referenced made up court cases.
- by Susie Coen
The ‘world’s most controversial company’ and the double-edged power of AI
Facial recognition is a particularly fraught application of AI.
- by Campbell Wilson
Why Nvidia is suddenly one of the most valuable companies in the world
The computer chip maker is now worth $1.4 trillion – more than Tesla and Facebook – thanks to the artificial intelligence boom.
- by Gerrit De Vynck
AI has power to kill ‘many people’, warns former Google chief
Eric Schmidt said that he was concerned about the “existential risk” posed by AI, which he compared to the rise of nuclear technology.
- by James Titcomb