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Ed Husic says the government should ‘set consistent national rules’ for AI companies.

On Sky News earlier this morning, the federal Labor MP said giving tech groups social licence is “sadly doomed to failure”.

“We tried self-regulation for … a couple of decades, found out that it didn’t work,” he said.

double quotation mark None of these firms will go one out from the other to bring in guardrails to limit the risks, because their investors will ask questions about, well, why are you doing this when others are working without guardrails?

So it really is incumbent on governments to set consistent national rules that protect Australians who already distrust AI from the toughest, hardest risks of generative AI.

The prime minister, Anthony Albanese , is scheduled to deliver a highly anticipated speech in Sydney tomorrow to address growing concerns around social licence and the necessary policy guardrails for AI, datacentres and the ability of big tech to profit from Australian intellectual property.