The evolving landscape of artificial intelligence is rapidly transforming cyber risk. This statement provides a call to action. It identifies key actions for leaders and five urgent practical actions to reduce not only technical risk, but also operational, financial and reputational exposure.

Australia’s market-sector labour productivity has steadily fallen behind the United States (US) over the past decade. This research note explores the productivity gap and finds that in addition to lower rates of IP investment in Australia, there is also limited diffusion of US knowledge capital to Australian firms and industries.

This paper proposes that the cost of AUKUS is unknown. From the available estimates, it appears that the cost will average in the low tens of billions each year. The paper concludes that the AUKUS submarine deal has not been justified; it is for the Government to explain how it will be paid for.

Governments have moved rapidly from experimenting with artificial intelligence (AI) to deploying it. But a gap has emerged between governments’ ambition to scale AI and their ability to deploy systems with confidence. This report finds that most governments have established AI ethics principles, governance models or national frameworks. The challenge lies in day-to-day execution.

A capable sovereign submarine capability is a core requirement for Australia’s defence over the next two decades, and there are known risks that could prevent that happening. This report proposes that Australia should explore the backup option of leasing or acquiring advanced conventional submarine capability from Japan.