Australia to adopt 'mandatory' AI safeguards: PM

Australian Prime Minister Anthony Albanese says artificial intelligence companies will have to comply with new mandatory safety and security safeguards under proposed AI legislation.

The government will establish a new AI safety regulator to enforce the measures, including independent assessments of AI models, risk management and mandatory reporting of incidents. Companies violating the requirements could face significant penalties.

Anthony Albanese, Prime Minister of Australia said "Our task is to make sure that we shape AI rather than AI shape us. It will have a drastic impact on the way that work occurs, on the way that we engage with each other, on the way that society functions. 

He also said AI is already part of people's lives and will only grow as a part of their lives going forward.