Strictly regulating AI could inhibit Australian economic growth: report

AI could drive a 4.3 per cent increase in Australia's labour productivity over the next decade. - Bloomberg

CANBERRA: A report by an independent advisory body of the Australian government has found that strictly regulating artificial intelligence (AI) would inhibit the country's economic growth.

Published on Tuesday night (Aug 5) by the Productivity Commission (PC), the government's independent advisory body on economic, social and environmental issues, the report found that AI will likely increase Australia's economic output by more than US$75.1 billion over the next decade.