Investment in artificial intelligence is surging, with major tech firms like Alphabet, Amazon, Meta, and Microsoft expected to spend approximately $650 billion on AI infrastructure this year alone, according to analysis by Bridgewater Associates.
As investment ramps up, concerns are growing that the technology is outpacing regulation and environmental protections. Leading AI researcher Toby Walsh will address the National Press Club today, warning of significant risks posed by increasingly powerful intelligent systems.
Walsh is expected to urge Australian tech giants and the government to increase investment in AI safety and development, cautioning that the country risks falling behind if it does not act swiftly.
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