• Labor considers an Artificial Intelligence Act to impose ‘mandatory guardrails’ on use of AI

    Labor considers an Artificial Intelligence Act to impose ‘mandatory guardrails’ on use of AI
    ‘We need more people to use AI and to do that we need to build trust’, says industry and science minister Ed HusicGet our breaking news email, free app or daily news podcastThe Australian government is considering a European Union style Artificial Intelligence Act to regulate minimum standards on high-risk AI across the whole economy.On Wednesday the industry and science minister, Ed Husic, released a discussion paper proposing 10 “mandatory guardrails” for high-risk AI i
  • Nvidia shares slump amid reports US is ramping up antitrust investigation

    Nvidia shares slump amid reports US is ramping up antitrust investigation
    Fall overnight comes after it shrinks by $279bn on Tuesday in biggest one-day drop in value by US companyBusiness live – latest newsShares in the AI chip designer Nvidia have continued to slide overnight after a report said US authorities were ramping up an investigation into whether the company had breached competition laws.The company’s shares fell 2.4% in after-hours trading, exacerbating a near-10% drop in the regular trading session that slashed its value by $279bn (£212bn