Do you think fighting AI with AI is the best way to ensure cybersecurity?

The reality is it's the only way.

The only way we can defend our national critical assets from cyber security attacks from bad faith actors overseas is by using AI tools to defend our country.

It's already happening.

Many of the big four banks, many large organisations are using AI tools to identify risks and patch those risks in their company.

Because In a very simple way, AI allows users to find vulnerabilities that the human eye can't see.

And so we've got to be aware that bad faith actors are looking to use AI to find those vulnerabilities and attack our critical infrastructure or our businesses.

In your view, how strict should that sort of mandatory reporting be?

Do you think fighting AI with AI is the best way to ensure cybersecurity?

Mel, the reality is it's the only way.

The only way we can defend our national critical assets from cyber security attacks from bad faith actors overseas is by using AI tools to defend our country.

It's already happening.

Many of the big four banks, many large organisations are using AI tools to identify risks and patch those risks in their company.

Because In a very simple way, AI allows users to find vulnerabilities that the human eye can't see.

And so we've got to be aware that bad faith actors are looking to use AI to find those vulnerabilities and attack our critical infrastructure or our businesses.

one of the big drivers there of rising insurance costs.

you know, the budget itself, like what it means for the economy and what the coalition, the opposition's doing to try and kind of get some common sense knocked into parliament.

Yeah, well, Dexter, you're not alone.

I've been not surprised because, and I'll get to the changes, but been overwhelmed with people from the tech sector and startups and entrepreneurs who have generally tried to stay apolitical, but also so busy running and trying to found their businesses that they haven't engaged in the political process to have reached out and say, no, look, We need to step in, whether it's a submission, lobbying publicly.

It's really, I think, awoken a lot of the sector to there is a difference and the impact that government decisions can make.

But if I step back...

So I've spoken about the digital economy side of my portfolio, and I was really lucky.

Angus Taylor created these three portfolio areas with my background and skill set in mind.

What's your view on how we're going to reskill and retool the Aussie population so that we're at the forefront of this revolution, not the victims of it?

If AI delivers significant productivity gains across the economy, what is government's responsibility to maximize economic efficiency, create new forms of employment, reduce working hours, or ensure benefits are shared equitably across society?

It's an interesting question.

I mean, we see as a country that our productivity is down about 5.5% over the last four or five years post-COVID.

So we're in a productivity crisis and it's leading to a lot of the challenges we face as an economy.

We essentially... without getting too deep into the economic side of it, have about a 2% growth rate before we hit an inflation spike, which we're seeing at the moment.

And obviously there's external factors in the Middle East and others that have exacerbated that challenge.

So there... for us to continue to grow as an economy, have our standard of living that's been underpinned in the last 40, 50 years by economic growth and sustainable economic growth, we need to unlock that productivity benefit.

Can I do a question from the floor? In the hypothetical AI-capable and enabled world, what will be the greatest AI failure? Will it be technology failure, cybersecurity, or leadership?

The problem is there's no data that suggests that's happening.

Correct.

Well, the opposite's happening.

Less first home buyers are getting in because the reality is, and I've spoken to a lot of real estate agents, a lot of people in the market looking to get into the market, the only people that are selling at the moment are those that absolutely have to because they've unfortunately lost their job, divorced, they've had a death or they're moving for their career.

They're the only people selling.

Everyone else is pulling stock off the market, which means it is harder to get into the market.

It's had the complete opposite effect that this government was hoping for.

What would the Coalition do here? If you're re-elected, would you go back to negative gearing it being allowed for all housing investments, new and existing, and also to that 50% capital gains tax discount?