Tag: OCEANIA
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Navigating India’s Upcoming AI Regulations: Implications for Tech Companies
This article discusses the impending national AI regulations in India and their potential impact on tech companies. With AI projected to significantly boost the GDP of developing countries, organizations must be proactive in ensuring compliance with new data protection standards. Seeking expert guidance and leveraging boxed-AI solutions will be crucial for managing AI innovations without…
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Australian Government to Enforce Revenue-Sharing Agreements with Tech Giants
The Australian government is set to mandate that tech giants, including Meta and Google, enter revenue-sharing agreements with local media firms or incur significant fines. New regulations will enforce penalties even if firms choose to eliminate news content, addressing previous shortcomings in the existing media bargaining code. The Australian federal government plans to implement measures…
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Albanese Government Proposes New Plan for Tech Firms to Support Journalism
The Albanese government has introduced a new plan requiring major tech firms to either negotiate agreements with news organizations or pay a charge to support journalism funding. Following Meta’s refusal to renew contracts under the existing news media bargaining code, the government aims to ensure compliance and financial contributions from large digital platforms, thus bolstering…
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New $100 Million Fund to Boost New Zealand Tech Companies
A new $100 million fund has been launched to accelerate the growth of Kiwi tech companies, aiming to enhance innovation and competitiveness in the technology sector and benefiting the broader economy in New Zealand. In a significant move aimed at bolstering the technology sector within New Zealand, a newly established $100 million fund has been…
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Australia Abandons Misinformation Bill Amid Senate Opposition
Australia has decided not to proceed with a bill that would have fined tech giants for misinformation after facing strong opposition in the Senate. Communications Minister Michelle Rowland cited the lack of legislative support. Meanwhile, new regulations are being prepared to impose social media bans for children under 16, which could incur heavy penalties for…
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Australia Charges Tech Giants with Data Misappropriation for AI Training
The Australian Senate inquiry has accused tech giants Amazon, Google, and Meta of misusing Australian user data for AI training without transparency. It calls for standalone legislation to safeguard rights and compensate creatives impacted by AI. While the recommendations received support from some organizations, concerns about overregulation remain. An inquiry conducted by the Australian Senate…