Government to regulate AI risks in new legislation

The federal government is being forced to introduce legislation which will control artificial intelligence in high-risk settings. Labor says the advisory body will work with the government to create the best framework for the legislation in a bid to regulate safety of the technology. The new laws will ensure the safe and responsible use of AI, as many companies across Australia have responded for action to prevent the harms of artificial intelligence. It has been calculated that AI could add up to $4 trillion to the economy by the 2030s. This comes as many people feel artificial intelligence may have a negative impact on society.