Is Australia snoozing through the 'largest gold rush in the history of capitalism'? (2024)

Hello and welcome to Screenshot, your weekly tech update from national technology reporter Ange Lavoipierre, featuring the best, worst and strangest in tech and online news. Read to the end for a catty Katy Perry take.

Is Australia snoozing through the AI gold rush? Our experts think so

Australia is falling behind on AI.

That's the increasingly loud message from industry and academia.

"This is the largest gold rush in the history of capitalism and Australia is missing out," said Artificial Intelligence professor Toby Walsh, from the University of New South Wales.

It's not just about a cash grab, he told Screenshot — it's a matter of being left behind and becoming less prosperous overall.

"The primary risk for Australia is that we will not make the transition to an AI-enabled economy," Professor Walsh said.

The same message was delivered directly to the federal government this week at the Senate Select Committee on Adopting Artificial Intelligence.

"Compared to most of the countries that we like to compare ourselves to, we have been very slow to make the transition," Professor Anton Van Den Hengel, Chief Scientist at the Australian Institute of Machine Learning told the hearing.

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On the one hand, AI researchers calling for AI investment could be excused as motivated reasoning, but the numbers are telling.

"Since 2017, Australia has invested less than a tenth of Canada's budget in AI research and capability," Professor Walsh argued.

"Countries with equal or lower gross domestic product (GDP) than Australia's have invested billions."

One option Professor Van Den Hengel suggests is building our own Large Language Model like OpenAI's ChatGPT from the ground up, rather than being content to import the tech for decades to come.

"The only way to have a say in what happens globally in this critical space is to be an active participant," he said.

Why you're spending so long answering questions about cookies

Perhaps you have the patience of a saint, or perhaps you can relate to the feeling of wanting to hurl your computer out the nearest window (if only the damn thing would open) every time a new website asks you 52 questions about which cookies you would or would not like to accept.

Either way, it will bring you no comfort to know that Australians on average spend roughly 40 times longer than Europeans managing their privacy on individual websites.

Research from the Consumer Policy Research Centre claims Australians would need to spend two minutes on this task in order to achieve the result a German could in just 3.1 seconds.

Why the gap? The EU has much stronger privacy laws in place for consumers.

An overhaul of Australia's Privacy Act has been "on its way" for longer than the new Frank Ocean album but hark, we are (theoretically) a month away from delivery.

The changes have been in the works for four years, with a review process having begun under the Morrison government in 2019.

In May, the attorney-general, Mark Dreyfus, announced the bill would be brought forward to August from the end of the year, as part of the government's policy response to violence against women.

The signs have been promising, but not unlike Frank Ocean fans, the equally enthusiastic fans of changes to the Privacy Act are also wary of disappointment.

Consumer advocacy group CHOICE is leaving nothing to chance, delivering a petition with almost 33,000 signatures to the prime minister Anthony Albanese, the treasurer Jim Chalmers and Dreyfus today.

"CHOICE is urging the government to immediately implement essential reforms that will require businesses to act fairly and responsibly when using consumer data," said the group's consumer data advocate, Kate Bower.

And as angry as we are about the cookies, it's about much more than that.

"For too long, businesses in Australia have had a culture of rampant over-collection of data that has not only led to massive data breaches affecting millions of Australians, but facilitates unfair practices like price discrimination and manipulative data-driven marketing".

Theoretically, they won't have to wait much longer.

That said, when he was asked about the timeline at National Press Club last week, the attorney general was notably less specific about the month, saying "I'm very hopeful that we will bring [the bill] to the parliament later this year."

Cookie, anyone?

Leading chatbots are inaccurate about the Trump assassination attempt and that's a problem

Misinformation monitors NewsGuard have found that the 10 leading generative AI platforms failed to provide accurate information about the shooting of Donald Trump at a rally last weekend 57 per cent of the time.

Researchers tested OpenAI's ChatGPT-4, xAI's Grok, and Google's Gemini among others, and of the 10, only one successfully debunked false claims 100 per cent of the time.

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It's not exactly surprising, given the amount of misinformation that's been in circulation. But it is a worry, when you consider that chatbots are being embedded into consumer tech such as smartphones and search engines at a serious pace.

And there is a lot of misinformation out there. If you've been on social media in the past week, you'll know that the platforms lit up with lies. Some are claiming that Joe Biden had ordered the attack on Donald Trump, while others insist it was staged by Trump himself.

On X alone, NewsGuard found 308,000 mentions of the word "staged" and 83,000 mentions of the phrase "inside job" in the day following the rally.

Interestingly, researchers found that it was far more common that AI language models would give a non-answer, than an outright wrong answer.

Is Australia snoozing through the 'largest gold rush in the history of capitalism'? (1)

Of the 57 per cent of answers that weren't accurate, only a fifth of those repeated falsehoods. The rest of the time, they would say they couldn't talk about politics, or words to that effect.

Is this progress? Sadly, yes.

And if it's all too much…

Then spare a thought for Katy Perry.

Lord knows most of the internet has this week and none of them have been kind, in the wake of her releasing a new single and video, Woman's World, intended as a comeback.

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My personal highlight was the moment she inserted a petrol hose into her butt cheek, but I'm sure you'll have your own.

If you've been on social media you'll know the takes have been catty, the tweets more so.

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But special praise must go to independent music critic Shaad D'Souza who ended their review of the track in Pitchfork with the following:

"In the immortal words of Sister Catherine Rose Holzman, uttered moments before she died: 'Katy Perry, please stop.'"

You can read more about the actual nun from LA Shaad refers to here.

As always, savage takes and story tips can be sent to angelavoipierre at protonmail dot com.

Is Australia snoozing through the 'largest gold rush in the history of capitalism'? (2024)

FAQs

What impact did the gold rush have on the Australian economy? ›

In 1851 gold-seekers from around the world began pouring into the colonies, changing the course of Australian history. The gold rushes greatly expanded Australia's population, boosted its economy, and led to the emergence of a new national identity.

What were the negative effects of the gold rush in Australia? ›

But just as gold rushes could encourage great energy and productivity, they could also be incredibly destructive. Gold rushes devastated the natural environment, created great confusion and disorder, and adversely affected Indigenous and other communities whose lands the miners invaded.”

What caused the Australian gold rush? ›

On February 12, 1851, a prospector discovered flecks of gold in a waterhole near Bathurst, New South Wales (NSW), Australia. Soon, even more gold was discovered in what would become the neighboring state of Victoria. This began the Australian Gold Rush, which had a profound impact on the country's national identity.

What happened after the gold rush in Australia? ›

By 1871, the national population had trebled to 1.7 million. The Australian gold rushes transformed former convict colonies into modern cities with an influx of free emigrants in the latter half of the nineteenth century.

Who benefited from the Australian gold rush? ›

The Australian gold rushes changed the convict colonies into more progressive cities with the influx of free immigrants. These hopefuls, termed diggers, brought new skills and professions, contributing to a burgeoning economy.

Why does Australia have so much gold? ›

In Australia this concentration of gold took place in the Earth hundreds of millions of years ago in the eastern states, and thousands of millions of years ago in Western Australia. As well as gold, the fluids can carry other dissolved minerals, such as quartz. This is why gold is often found with quartz.

Was the Gold Rush good for the economy? ›

Historical Context of the Gold Rush

This led to the establishment of boomtowns, rapid economic growth and prosperity, as well as the building of railroads, churches and banks to accommodate the newcomers.

What was the positive and negative of the Gold Rush? ›

While, the gold rush increased California's population and economy it was also the beginning of Manifest Destiny. Though, the gold rush helped California it had an overall negative effect on America through overcrowded population and outbreaks of cholera.

How did the Australian gold rush affect immigrants? ›

Hundreds of thousands of new settlers descended on Australia during the 1850s. Many of the immigrants who'd originally come to try their hand at gold-digging, chose to stay on and settle in the colonies, ultimately quadrupling the population of Australia between 1851 (430,000) and 1871 (1.7 million).

What disease was in the Australian gold rush? ›

Disease was rife upon the goldfields, where poor sanitation meant that refuse and excrement were liable to end up in the rivers that supplied drinking water for those on the diggings. Dysentery, typhus and other contagious diseases were all represented.

How did the gold rush affect Australian towns? ›

Western Australian towns glow gold

Immigrants became immersed into society and filled labour shortages. The success of the gold mines had a knock-on effect to every industry. An increased population meant more demand for local produce, which benefitted agriculture and retail.

What was the economic impact of the Gold Rush in Australia? ›

The combination of gold becoming Australia's largest export and the sheer rapidity of the GDP, wage and population growth it created delivered wealth that significantly changed the trajectory and stability of the Australian economy.

How many years did the Gold Rush last in Australia? ›

Thousands of people came to Australia in the hope of finding a lot of gold and becoming rich. The rush started in 1851 when gold was found near Bathurst, New South Wales and ended with the last rush in 1893 to Kalgoorlie, Western Australia.

Did the Chinese stay in Australia after the Gold Rush? ›

After the Victorian and NSW gold rushes of the 1850s and 1860s, the numbers of Chinese in those colonies declined significantly.

How does gold affect the Australian economy? ›

First, the gold rush impacted the Australian economy by bringing substantial wealth to Australian shores as an export, stimulating secondary industries, driving population growth and restructuring the manufacturing sector. Second, the gold rush helped shape Australia's socio-political climate.

What impact did the Gold Rush have on the economy? ›

It created a lasting impact by propelling significant industrial and agricultural development and helped shape the course of California's development by spurring its economic growth and facilitating its transition to statehood.

How did the Gold Rush affect Australian towns? ›

Western Australian towns glow gold

Immigrants became immersed into society and filled labour shortages. The success of the gold mines had a knock-on effect to every industry. An increased population meant more demand for local produce, which benefitted agriculture and retail.

How does gold mining affect the economy? ›

One of the most significant benefits of gold mining is its contribution to the economy. The industry provides jobs for millions of people worldwide, from miners to engineers to logistics personnel. In addition to this, gold mining generates revenue for governments through taxes and royalties.

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