The changes reflect growing concern over AI systems making important decisions with little transparency. Parliament has also warned that poorly designed workplace AI could lead to excessive collection of personal information, increased employee surveillance and automated systems overriding human judgement. Global AI spending is expected to jump 63.4 per cent this year to US$64 billion, according to Gartner, as businesses rapidly expand their use of AI platforms and generative AI models. Initiatives such as the Hiroshima AI Process and the OECD AI Principles both encourage organisations to explain, in plain language, what data AI systems use and the reasoning behind their decisions. "Most business owners I speak with think AI regulation in Australia is still years away," finance industry AI and automation expert Amjid Ali wrote.