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Catriona Wallace
Executive Chair at Boab AI (Artesian Capital), CEO Ethical AI Advisory, Board Observer Garvan Institute, Adjunct Professor, Keynote Speaker, NED Reset Australia, Advisor Flamingo AI
Dr. Catriona Wallace is a prominent Australian entrepreneur, recognized for her expertise in artificial intelligence (AI), ethics, and the metaverse. She is the Founder and CEO of Ethical AI Advisory, a consulting firm that focuses on the ethical development and deployment of AI technologies. This firm merged with the Gradient Institute in 2021, enhancing its capabilities in advising organizations on AI ethics and human rights frameworks.13
Career Highlights
- Founder of Flamingo AI: Dr. Wallace established Flamingo AI, an ASX-listed company specializing in AI solutions, which became notable as one of the few woman-led businesses to list on the Australian Stock Exchange.26
- Responsible Metaverse Alliance: She founded this organization to promote responsible practices in the development of metaverse technologies, addressing issues such as safety, inclusion, and ethical standards.46
- Television Personality: Dr. Wallace is also known for her role as a "Shark" on the Australian version of Shark Tank, where she evaluates business pitches from entrepreneurs.56
Academic Background
Dr. Wallace holds a PhD in Organizational Behaviour from the University of New South Wales, where her research focused on technology's role as a substitute for human leadership.16 She is an Adjunct Professor at the Australian Graduate School of Management, where she contributes to discussions on digital transformation and ethical technology practices.
Recognition and Advocacy
She has received numerous accolades, including being named one of the Most Influential Women in Business & Entrepreneurship by the Australian Financial Review. Dr. Wallace is also a vocal advocate for women's leadership and human rights, actively participating in initiatives that aim to create equitable policies in technology and business.23
Personal Life
Beyond her professional endeavors, Dr. Wallace is a mother of five and has engaged with indigenous communities as a Medicine Woman, reflecting her commitment to social justice and community welfare.13 She identifies as non-binary and is an advocate for the psychedelic renaissance, promoting discussions around mental health and alternative therapies.6
Dr. Catriona Wallace's multifaceted career showcases her dedication to fostering ethical practices in technology while championing diversity and inclusion within the industry.
Highlights
Australian Government’s response to the need for AI regulation … it’s not adequate 🤖
The Industry and Science Minister Ed Husic MP has released the government’s interim response calling for the establishment of an expert advisory committee and the development of voluntary labels and watermarking of AI-generated content.
It is positive that the Australian Government has consulted with the Australian industry and public and has prepared an interim response to the significant challenges that AI poses. The proposed actions which are still noted as 'considerations' however do not go far enough.
Government is targeting only 'high-risk' AI applications and outcomes - those that may pose risk mainly to life and to jobs. They also note that ‘high-risk’ includes impacts that were ‘systemic, irreversible or perpetual’ including the use of AI-enabled robots for medical surgery and the use of AI in self-driving cars to make real-time decisions.
This consideration only of high-risk AI impacts completely misses the 'unacceptable risk' category that proposed legislation such as the EU's AI Act addresses. The EU AI Act includes high risk, unacceptable risk, general AI and generative AI risk and limited risk. Australia's model should do the same - and at a minimum include unacceptable risks. An unacceptable risk may include AI such as Fortune reported on recently where generative AI is powering child porn avatars. Interpol and the Australian Federal Police are already monitoring AI used to exploit and extort money from children. The Australian government must address unacceptable risks such as these and not just focus on risks to industry and jobs.
It is also unclear how much budget the government will allocate to this initiative. Previously we have seen the government fund token amounts to AI based initiatives such as the announcement in December 2023 that there would be $17m allocated to assisting small businesses adopt AI. This equates to about $6.50 per business which would amount to about half a month's subscription to a single AI application. It's not enough.
And - most likely the tech giants will calculate the financial risk of not adhering to the regulations and if it impacts their drive for profit - it might seem a reasonable thing to wear the fine and break the rules.
The risks that AI poses to Australians are very real and dangerous and more needs to be done. Both high risks and unacceptable risks should be addressed in this government's response strategy.
Thanks David Swan for covering this important topic.
#ai #responsibleai Responsible Metaverse Alliance Gradient Institute Stela SOLAR Anton van den Hengel Jon Whittle Creel Price Judy Slatyer Tiberio Caetano Bill Simpson-Young Louis Rosenberg Kavya Pearlman ⚠️ Safety First ⚠️ Julie Inman - Grant Lorraine Finlay Toby Dagg Patrick Hooton Channel 10 Shark Tank Australia The Sydney Morning Herald Marty McCarthy Ed Santow Toby Walsh Kimberlee Weatherall Chris Dolman
Aboriginal leader, Stan Grant, steps down due to continued racism
This is incredibly, incredibly bad and sad. How the F**k does this still happen in 2023?
The media reports, “Grant, a Wiradjuri, Gurrawin and Dharawal man, said he was standing down due to the racial abuse – and lack of public support – he received after he criticised the monarchy”.
And so he should criticise the monarchy. Under the monarchy Aboriginal and Torres Strait Islander people have been displaced from their land, killed, their children removed and their culture and language oppressed.
And today, our First Nations people account for 3% of the population and 32% of prison inmates. FFS.
We need to wake up to the fact we live and work on the land of First Nation’s people and we should show utmost respect.
I keep thinking the world and humanity is evolving and …. then there are moments like this where one of our greatest media leaders has to step down due to continued vitriol … and I realise we have not evolved at all.
I’m sorry Stan Grant that you suffered this abuse. There is no excuse.
Justin Stevens Australian Broadcasting Corporation (ABC)
#racism #indigenous
ABC News
