{"id":850912,"date":"2026-08-11T02:16:12","date_gmt":"2026-08-11T02:16:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/850912\/"},"modified":"2026-08-11T02:16:12","modified_gmt":"2026-08-11T02:16:12","slug":"rba-interest-rates-live-updates-borrowers-hold-breath-as-agents-warn-of-property-recession-rba-august-interest-rate-decision-time-what-we-think-will-happen","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/850912\/","title":{"rendered":"RBA interest rates LIVE updates: Borrowers hold breath as agents warn of \u2018property recession\u2019; RBA August interest rate decision time; What we think will happen"},"content":{"rendered":"<p>South Australia Premier Peter Malinauskas says Australia needs to get ahead of the AI boom, after the state announced a royal commission into the issue yesterday.<\/p>\n<p>\u201cI\u2019ve just got back from the US, and I couldn\u2019t help but be completely blown away about the size of the opportunity, but also the scale of the challenge,\u201d he told Today.<\/p>\n<p>\u201cHere we are talking about very complex questions around the way that people work that need to be resolved.<\/p>\n<p>\u201cWe\u2019ve got to be thinking about what we\u2019re teaching kids in schools and what level of comfort we have with them using AI, but also thinking about the way that we use AI in public service delivery, where there are clearly some big opportunities around productivity, but also some risks.\u201d<\/p>\n<p>He said the $3 million cost of the royal commission was \u201csmall beer\u201d compared to not getting the state\u2019s approach to AI right.<\/p>\n<p>The South Australia government recently signed a memorandum of understanding with OpenAI, but Malinauskas said he expected tech bosses to enthusiastically participate.<\/p>\n<p>\u201cThe people that are developing this technology are often the same people who are the most alarmed about it,\u201d he said.<\/p>\n<p>\u201cI mean, we\u2019ve seen warnings come out from the owners of OpenAI, Anthropic, amongst others, saying governments need to wake up and start responding and putting in place some guardrails because the pace of change is so acute, it is so rapid.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"South Australia Premier Peter Malinauskas says Australia needs to get ahead of the AI boom, after the state&hellip;\n","protected":false},"author":2,"featured_media":850913,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":["post-850912","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/850912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=850912"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/850912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/850913"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=850912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=850912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=850912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}