Part 5/8:
While the possibility of India pulling back on Russian oil purchases remains uncertain, Hogan indicated that Australia would likely seek alternative sources if needed. Nevertheless, he underscored the importance of maintaining diplomatic relationships and reassessing trade policies rather than succumbing to external pressures.
The Role of Artificial Intelligence and Economic Productivity
Beyond energy and trade, another pressing topic discussed was the rapid advancement of artificial intelligence (AI) and its economic implications. Peter Garrett, lead singer of Midnight Oil and advocate for tech-related royalties, proposed that tech companies should contribute royalties if their AI systems extract data from various sectors, including music and news media.