Govt Pauses AI Regulations, Boosts Adoption
Update: 2025-12-02
Description
The federal government has decided to pause mandatory AI regulations, aiming to accelerate its adoption instead. This shift, recommended by the Productivity Commission, seeks to avoid hindering a potential $166 billion economic boost. The new approach focuses on capturing economic opportunities, distributing benefits, and ensuring safety, with a $29.9 million AI Safety Institute set to launch next year.
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