Policymakers should avoid over-regulating to protect from potential harms caused by artificial intelligence because existing rules will be largely sufficient, and the benefits could be easily suffocated, according to the Productivity Commission.
In three new research papers, the commission noted there was scant evidence yet of AI-driven productivity gains for businesses, but cited research suggesting any benefits could take two decades or more to show up in macro statistics.
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Tom Burton has held senior editorial and publishing roles with The Mandarin, The Sydney Morning Herald and as Canberra bureau chief for The Australian Financial Review. He has won three Walkley awards. Connect with Tom on Twitter. Email Tom at tom.burton@afr.com
