Labor is throwing money at quantum but drowning AI in regulation
The unanswered question is how can any country effectively regulate a fast-changing emergent technology and expect to be competitive in the global digital economy.
There is an oft-quoted maxim summarising different cultural approaches to the invention, commercialisation and adoption of transformative technologies: America innovates; China imitates; Europe regulates; Australia … hesitates.
In the 21st-century digital economy, only the hugely ambitious and rival American and Chinese approaches have won out, transforming the global economy and its geopolitics in the process.
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Sandy Plunkett is founder of Innovation Clearinghouse and a thought leader in entrepreneurship, technology and innovation systems
