Tag: regulation

Landmark UK review flags AI risk to consumer finance

Posted on   |  by Phoebe Seers
Britain’s financial regulator has been urged to consider regulation of large language models such as ChatGPT, Claude and Gemini because of their growing influence on consumer financial decisions. In...

FinTech sandbox must be rebuilt with innovation plan: Review

Posted on   |  by Joseph Brookes
The regulatory sandbox set up in 2020 for unlicenced FinTechs to test innovative finance and credit activities with real customers must be rebuilt alongside a national strategy for financial...

Chalmers refuses to release AI guardrail gap analysis

Posted on   |  by Joseph Brookes
When the Albanese government relented to industry demands to abandon artificial intelligence guardrails, it did so on the basis of a regulatory sweep project, the report from which will...

‘We reject a regulatory wild west’: Opposition backs AI rules

Posted on   |  by Joseph Brookes
Shadow industry and innovation minister Alex Hawke says the government must intervene to address AI challenges, including putting guardrails around high-risk use, to avoid a “regulatory wild west”. But...

Sovereign AI builder’s warning on hasty AI rules

Posted on   |  by Joseph Brookes
Australia’s lone builder of a sovereign large language model has backed a wait and see approach to AI regulation as the Albanese government signals it will be months before...

Macron to push ban on social media for under-15s

Posted on   |  by Makini Brice
French President Emmanuel Macron will push for European Union regulation to ban social media for children under the age of 15 after a fatal stabbing at a school in...

Dave Sharma sounds alarm on restrictive AI regulation

Posted on   |  by James Riley and Trish Everingham
Senator Dave Sharma has warned against Australia adopting a risk-averse approach to the regulation of artificial intelligence, which would stymie business take up of a technology that is evolving...