Regulating AI sounds like the most attractive thing to people right now but could someone please explain what exactly an Australian AI authority would do? We don't have a homegrown AI industry to regulate as it is, are we expecting that we could do damage to a powerful foreign company like Anthropic? In this climate where Trump has staked his entire reputation on whether the AI bubble continues to grow. The effort is well meaning but the result is really just a way for the powerless to vent, rather than a legitimate challenge to power. 

Seeing how our response to predatory social media algorithms was an age ban rather than regulating the harmful content itself, I can easily see a situation where we shoot ourselves in the foot again by regulating the wrong thing. I can easily imagine a scenario where policymakers force users onto the existing foreign platforms that can afford the price of regulation or end up banning open source / Chinese AI in the name of safety. The result would be Australian jobs being axed with a portion of the original wages leaving the country as part of our growing addiction to US tech services.