In this episode, we dive deep into the world of AI governance. It's no longer just a tool for generating creative content; AI is becoming an integral part of businesses across industries. But with great power comes great responsibility, especially when it comes to ethical and legal considerations. Join me as I chat with two experts, Sonja Read and Sam Burrett from MinterEllison, to unravel the complexities of AI governance. We explore: Defining AI: What exactly is AI, and how does it differ from traditional technology? Legal Landscape: How does Australian law intersect with AI, particularly in terms of privacy and data protection? Governance Frameworks: What steps can boards take to establish effective AI governance frameworks? Risk Management: How can organisations identify and mitigate AI-related risks? Whether you're a seasoned board member or just starting to explore the world of AI, this episode will provide you with valuable insights and practical advice. So, let's embark on this journey together and demystify the world of AI governance. 100th Episode Celebration To take advantage of the 100th Board Shorts Podcast episode gift of $100 off Boardroom Bootcamp and Break into the Boardroom courses until 26 November 2024, visit getonboardaustralia.com.au/academy/ (or use the direct links above) and use the code boardshorts100 at checkout. Mentioned and Useful Links [OAIC Guide] Guidance on privacy and the use of commercially available AI products [OAIC Guide] Guidance on privacy and developing and training generative AI models Responsible use of AI: New Australian guardrails released OAIC clarifies artificial intelligence (AI) privacy obligations ASIC Report on AI Governance and Innovation in Financial Services REP 798 Beware the gap: Governance arrangements in the face of AI innovation | ASIC Director's Guide to AI Governance Australian National Artificial Intelligence Centre Voluntary AI Safety Standards 10 Guardrails for AI Safety NIST AI Risk Management Framework The EU Artificial Intelligence Act Connect with Sam on LinkedIn Connect with Sonja on LinkedIn Subscribe to MinterEllison's Governance News MinterEllison

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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