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Do we need a regulatory framework on Generative AI?

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Platforms like ChatGPT have taken the world by storm but analysts are painting another picture about its impacts

Millions of people have used OpenAI’s ChatGPT since it launched in November 2022.

The web-based platform works by answering prompts in a concise manner. It has become the latest tool to cause technological disruption across nearly every industry.

Dr Jim Webber, who is the Chief Scientist at leading graph database and analytics company, Neo4j, said the tool should be banned in Australian schools and universities.

“To be clear, I don’t think regulation will ever win this battle. It’s always on the back foot.

“Instead of focussing on the technology, we should create a policy environment that helps inform the use of that technology rather than constraining it,” he said.

ChatGPT has been used in graph technology, from providing more intuitive context to elevating the overall user experience and coding processes.

It has also been used in the classroom, where students and teachers alike are using it for their research.

“ChatGPT is trained on a range of documents. These are documents from around the internet.

“Like all computer systems, there is an element of ‘garbage in, garbage out,'” Dr Webber said.

Businesses have also used the generative AI tool to boost their profits and maximise efficiencies. It has become a common tool used in workplaces, particularly where redundancies during Covid-19 have come to light.

“One of my colleagues actually asked ChatGPT about the computer science that I had done with another computer scientist that I had never worked with.

“ChatGPT then confidently answered about the amazing discovers that me and this computer scientist had done together. It was very convincing, the English was very fluent but it was all nonsense because I had never worked with that person,” Dr Webber said.

Graph technology can play an important role in the fight against cybercrimes, which are on the rise internationally.

It is the tool capturing data relationships to model real-world relationships between a range of unique entities.

It has been used across the public sector, logistics, supply chain, manufacturing and financial services.

Neo4j is a graph database management system. The company has worked with customers like the Commonwealth Bank of Australia, Telstra, and Tabcorp

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Award winning Australian author promotes the urgency of global cyber education

Australian author Craig Ford wins two New York book awards, promoting global cyber education and inspiring young women in technology.

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Australian author Craig Ford wins two New York book awards, promoting global cyber education.

In Short

Australian author Craig Ford has won two international awards, raising awareness of his work promoting cyber education for children, particularly girls. His books encourage safe online habits and aim to change perceptions of the cyber security field as male-dominated.

Australian author and Co-founder and Executive Director at Cyber Unicorns, Craig Ford, has recently won two international book awards in New York, increasing global awareness of his work.

Craig is the co-founder and executive director of Cyber Unicorns, and his mission focuses on promoting cyber education globally.

His first award winning book Foresight, aimed at younger demographics encourages cyber education and is part of a broader initiative to inspire young girls to explore careers in technology.

Craig shared his experience writing for women in Security magazine, where he created a teenage female hacker character to spark interest in cyber careers among young girls.

He aims to change the perception of the cyber security field, often viewed as male-dominated, by showing it’s a welcoming space for all.

Craig’s other award-winning book, The Shadow World, has already reached 7,000 Australian students and aims to expand its impact further with the recent awards.

The book includes discussion prompts at the end of each chapter to facilitate conversations between children and adults about various cyber-related topics.

Craig insists that instilling good cyber habits in children at a young age is essential for their future safety online.

Given the digital nature of modern life and the increasing presence of AI, he believes that cyber education is crucial for today’s youth.

By providing children with foundational knowledge, they can navigate the digital landscape more safely.

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Top tips to capitalise on property Investments in challenging markets

Christian Woollard discusses innovative property investment strategies amid global market challenges, focusing on the UK and Dubai.

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Christian Woollard discusses innovative property investment strategies amid global market challenges, focusing on the UK and Dubai.

In Short

Christian Woollard, CEO of Unique Property Investment Group, discusses strategies for successful property investment in challenging markets, focusing on the UK and Dubai. He emphasises the importance of adapting to market changes, maximising underperforming properties, and the growing trend of impact-driven investments for both seasoned and new investors.

In this exclusive interview, Christian Woollard, CEO of Unique Property Investment Group, outlines strategies for capitalising on property investments in the challenging global market.

Investing in property remains a powerful wealth-building strategy, but navigating today’s volatile market requires a strategic approach.

Opportunities in key locations like the UK and Dubai are attracting investors who leverage innovative methods to maximise returns. Government contracts present lucrative prospects, particularly in sectors such as assisted living, where demand continues to grow.

Underperforming properties, often overlooked, can be transformed into high-yield assets with the right investment strategies. Meanwhile, impact-driven property investment is rising, as investors seek not only financial gains but also positive societal contributions.

Adaptability and informed decision-making are crucial to overcoming market challenges. Securing long-term income streams ensures stability, helping investors build resilient portfolios.

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Co-living model benefits tenants and investors financially

Rajan Sharma champions co-living model for its profitability and positive social impact, benefiting tenants and investors alike.

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Experts champion co-living model for its profitability and positive social impact, benefiting tenants and investors alike.

In Short

Rajan Sharma highlights the co-living model’s benefits, offering affordable living spaces for tenants and high rental returns for investors. This approach enhances the housing market by blending profitability with social impact.

Rajan Sharma, co-founder of Cashflow Real Estate, discusses the co-living model’s advantages for tenants and investors.

This model combines profitability with social impact, creating benefits for both parties.

Co-living provides well-managed living spaces that alleviate the financial stress of deposits and utility bills for tenants.

It offers a more affordable and flexible housing solution, catering to diverse needs.

For investors, the co-living model stands out due to its high rental returns.

This financial aspect makes it an appealing investment opportunity.

Overall, the co-living model represents a positive change in the housing market, balancing economic viability with user-centric benefits.

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