The false choice between AI innovation and protection
We don’t need to choose between AI progress and safety. We can lead the world by setting smart, balanced rules that foster both.
According to the Productivity Commission, we must avoid introducing AI-specific legislation that is out of step with emerging global norms. Prime Minister Anthony Albanese’s caucus can’t quite decide whether to clamp down or ramp up AI regulation.
But what exactly are these “global norms”? And are they right for us?
Europe, still nursing its General Data Protection Regulation (GDPR) hangover, has doubled down on regulatory perfectionism with a 144-page AI Act that risks regulating innovation into submission.
The US has taken its trademark “move fast and break things” approach, letting Big Tech run the show with minimal guardrails. Value creating? Absolutely. But many US tech giants are now staring down antitrust case losses and ensuing remedies that could reshape the industry.
