Australia’s AI regulatory stance is under fire as former minister Ed Husic claims the government blinked on mandatory safety rules—possibly to avoid US conflict—shelving his proposed AI Act. Current Minister Tim Ayres denies external pressure, pointing to active legislation and a new AI Safety Institute. Yet concerns grow: without strong guardrails, AI chatbots risk spreading harm, while big tech giants eye massive investments that could strain energy and water resources. The race is on to balance innovation, economic gain, and public safety before it’s too late.
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