The regulator would enforce world-leading legislated AI standards that would apply to all frontier AI companies that want to operate in Australia, the country's prime minister Anthony Albanese...
Canberra will also require AI companies to report cybersecurity incidents
PM Anthony Albanese said the proposed regulator will oversee AI safety, require companies to report security incidents and allow independent evaluations of their models
The government is also considering changes to criminal law to penalize companies that develop models that "engage in harmful conduct."
The government is in the process of writing AI-related legislation, with the new regulator to be included in those bills, Albanese said at a press conference.
AI safety regulator will also be created after a rogue OpenAI agent hacked government websites.
The measures would include "mandatory" reporting of AI security breaches.
Prime Minister Anthony Albanese said the government had accepted all recommendations
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