Overview

• The Productivity Commission estimates AI could contribute $116 billion to GDP over the next decade and add about $4,300 to average real wages.
• It recommends postponing mandatory guardrails for high-risk AI until reviews identify specific gaps in existing laws.
• Consultations on the interim report are open until September 15 and the government has affirmed it will not immediately amend copyright legislation.
• A proposed text and data mining exception to the Copyright Act would permit AI firms to train models on copyrighted works.
• Tech leaders press for swift copyright reform to attract investment, while writers, unions and media bodies oppose unpaid data mining as uncompensated intellectual property use.