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Australia bans DeepSeek AI services from all government systems and devices

Australia bans DeepSeek AI services from all government systems and devices

by AIP Online Bureau | Feb 6, 2025 | Eco/Invest/Demography, International News, Risk Management, Technology

Home Affairs Minister Tony Burke said in a statement Tuesday that all DeepSeek products, applications and services would be removed from government systems on national security grounds effective immediately Australia has banned DeepSeek AI services from all government...
Social media ban for children under 16 becomes law in Australia

Social media ban for children under 16 becomes law in Australia

by AIP Online Bureau | Nov 29, 2024 | Eco/Invest/Demography, International News, Policy, Risk Management, Technology

The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent children younger than 16 from holding accounts Canberra: With bipartisan...
Social media ban for children under 16 becomes law in Australia

Social media platforms urge Australia to delay ban on children under 16

by AIP Online Bureau | Nov 25, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

The legislation would impose fines of up to 50 million Australian dollars ($33 million) on platforms for systemic failures to prevent young children from holding accounts. It seems likely to be passed by Parliament by Thursday with the support of the major parties.It...

Ardonagh’s A$2.3 billion acquisition receives approval from PSC shareholders

by AIP Online Bureau | Sep 26, 2024 | Intermediaries, International News, Non-Life, Reinsurance

“Combining the best of PSC and Ardonagh will strengthen the Group’s global position in the retail, specialty and wholesale broking markets to deliver greater scale and efficiency benefits to clients, insurers, brokers and agencies. PSC’s culture and values are closely...
Musk criticises Australia’s proposed `Misinformation Law’

Musk criticises Australia’s proposed `Misinformation Law’

by AIP Online Bureau | Sep 16, 2024 | Eco/Invest/Demography, International News, Policy, Regulation

Elon Musk, owner of social media platform X Australia’s Labor government unveiled legislation which could fine internet platforms up to 5% of their global revenue for enabling misinformation, joining a worldwide push to rein in borderless tech giants Elon Musk, owner...
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