Last Updated 03 Oct 2024
Ensuring Safe and Fair Use of AI in Business
The blog discusses the importance and challenges of ethical AI use in business, highlighting Australia's proposed AI regulations and issues in OpenAI's marketplace.
Why Ethical AI Matters in Business
The importance of ethical AI in business cannot be overstated. With the rapid adoption of AI technology, businesses find themselves at a crossroads. They must navigate the ethical maze to ensure safe and fair use of these technologies. Moreover, regulating AI has become more vital due to the significant impact it has on various facets of life.
Australian Government’s Approach
The Australian government is actively considering an artificial intelligence act, similar to the European Union’s approach. This act aims to regulate minimum standards for high-risk AI across the entire economy. In a recent discussion paper, ten mandatory guardrails were proposed. These include human oversight, the ability to challenge AI decisions, and transparency with end-users.
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