Australia continues to evaluate how to regulate "high
risk" artificial intelligence (AI). As AI continues to
permeate various sectors, from healthcare to finance and beyond,
the Australian Government appears to recognise the need for a
regulatory framework to ensure its ethical, safe, and responsible
use. This article explores key initiatives, challenges, and the
potential impact on innovation.
AI Systems
The OECD member countries endorse the following
definition of an AI system:
'A machine-based system that, for explicit or implicit
objectives, infers, from the input it receives, how to generate
outputs such as predictions, content, recommendations or decisions
that can influence physical or virtual environments. Different AI
systems vary in their levels of autonomy and adaptiveness after
deployment.'
