Government acts on AI risk, safety

The federal government has issued a Proposals Paper for Introducing Mandatory Guardrails for AI in High-Risk Settings responding to business calls to clarity on AI regulation The proposals paper canvasses a proposed definition of high-risk AI, ten proposed mandatory guardrails and regulatory options to mandate these guardrails. The three regulatory approaches could be: Adopting the…

Best of the week — the five most popular stories among readers, August 5 – August 9, 2024

What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) Ghost Shark autonomous submarine to be manufactured in Sydney The federal government has delivered on its promise of more rapid defence decision making, accelerating the manufacture of the Ghost Shark underwater autonomous vehicle for undersea surveillance, reconnaissance and strike at…

The time for made in Australia is now – Tim Ayres in his own words

Australia’s newly minted Assistant Minister for a Future Made in Australia Tim Ayres believes opportunities such as the revitalisation of manufacturing come around rarely. Today is one of those opportunities he argues in this excerpt from his address to the National Manufacturing Summit. As the Prime Minister said back in April – we need to…

Pfizer invests $150m for microbial resistance

Pfizer Australia has announced a major upgrade to its manufacturing facility in Melbourne to boost production of pharmaceuticals aiming to help address rising levels of antimicrobial resistance. Pfizer has invested $150 million to develop advanced pharmaceutical production facilities for new antimicrobial treatments tackling what is one of the biggest threats to global health. The Victorian…

Why the slippage in deciding CRC funding – by Dr Tony Peacock

When the federal government came to office it promised a timetable for announcing which competing group of businesses and research institutions would be funded to perform R&D under the hugely successful Cooperative Research Centres scheme. Bids cost big dollars to put together, says Dr Tony Peacock, with business now dismayed that the latest deadline for…