Australia’s corporate regulator will not implement AI technology to read and summarise hundreds of submissions to public consultations after a trial found the machine summaries were “bland” and not “sufficiently good”.
The Australian Securities and Investments Commission (ASIC) last year ran a 12-month trial using Meta and Amazon Web Services’ AI technology that “read” and summarised submissions to Parliament.
It aimed to gauge public views on the regulator during intense …
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