Author: Matthew Miller

• Jamie Crank has been named ASX’s new Group Executive for Technology and Data.
• Crank brings over 20 years of industry experience, with notable roles at Chi-X Australia and the London Stock Exchange.
• He succeeds Dan Chesterman, who left in May 2023 after implementing significant changes at the ASX.
• Currently, the ASX is facing issues stemming from a failed attempt to re-platform its clearing and settlement system.
• Crank will manage ASX’s data products, data centre, connectivity services, and the enterprise data strategy.

New Leadership at ASX: Jamie Crank Assumes Leadership

The Australian Securities Exchange (ASX) has appointed Jamie Crank as its Group Executive for Technology and Data after a thorough three-month selection process. This decision reflects a strategic adjustment within ASX’s senior management as the entity continues to tackle a challenging technological environment.

Jamie Crank: A Seasoned Professional in the Exchange Industry

Jamie Crank is an experienced player in the financial markets landscape, offering over 20 years of expertise. His background features important positions at Chi-X Australia and the London Stock Exchange, giving him a robust insight into exchange functionalities. Joining the ASX in 2016 as a Senior Manager of Information Services, his elevation to the leading technology position highlights the confidence the organisation has in his capabilities.

Key Duties and Strategic Objectives

In his new capacity, Crank will be in charge of various essential operations. His responsibilities encompass managing the ASX’s data products, data centre, and connectivity services sectors. Additionally, he will spearhead the ASX’s enterprise data strategy and guide a team focused on developing new products and innovations. This position is crucial, especially as data’s significance in financial markets rises alongside the demand for efficient, dependable, and secure connectivity solutions.

Upcoming Challenges: The Aftermath of an Unsuccessful Re-platforming Initiative

Crank steps into his new position during a period of notable challenges for the ASX. The organisation recently had to halt its efforts to re-platform its clearing and settlement system utilizing digital ledger technology—an initiative that has not only hindered its technological goals but has also resulted in legal issues. The ASX is currently involved in legal proceedings stemming from the unsuccessful project, elevating the importance of Crank’s role as the organisation endeavors to regain stability and trust in its technology.

A New Chapter in Leadership

Crank’s predecessor, Dan Chesterman, initially served as Chief Information Officer before becoming Group Executive for Technology and Data. Throughout his tenure, the ASX experienced considerable transformations; however, the complications tied to the re-platforming effort have overshadowed his accomplishments. Crank’s appointment signals a likely shift in strategy as the ASX works to mend recent setbacks and prepare for future achievements.

Summary

Jamie Crank has been appointed as the Group Executive for Technology and Data at the Australian Securities Exchange (ASX). With a background spanning over 20 years in the financial markets sector, Crank enters a vital role amid substantial challenges facing the ASX, including the aftermath of a failed re-platforming project. His responsibilities encompass managing data products, the ASX’s data centre, and connectivity services, as well as fostering innovation and product development.

Q: Who is Jamie Crank?

A:

Jamie Crank is an established professional in the financial markets realm, boasting over 20 years of experience. He has held significant roles at prominent exchanges like Chi-X Australia and the London Stock Exchange. Joining ASX in 2016 as a Senior Manager of Information Services, he has now been promoted to Group Executive for Technology and Data.

Q: What will Jamie Crank be responsible for in his new position?

A:

In his newly appointed role, Crank will oversee the ASX’s data products, data centre, and connectivity services. He will also manage the ASX’s enterprise data strategy and lead a team dedicated to new product innovation and development.

Q: What challenges does Crank encounter in his new position?

A:

Crank faces notable challenges, particularly in light of the failed re-platforming project intended to revamp the ASX’s clearing and settlement system through digital ledger technology. The ASX’s decision to abandon the initiative has come with ongoing legal repercussions.

Q: What implications does Crank’s appointment have for the ASX?

A:

Crank’s appointment may indicate a strategic realignment as the ASX aims to recover from recent technological setbacks. His extensive experience in the exchange sector and comprehensive knowledge of ASX operations could be vital for addressing upcoming challenges and promoting future innovation.

This article has been formatted to be SEO-friendly and presents a detailed overview of ASX’s recent decision to appoint Jamie Crank as their new Group Executive for Technology and Data. It features relevant subheadings, a summary, and a Q&A section to answer potential reader inquiries. The Quick Read section provides a brief overview for readers with limited time.

OpenAI Endorses California Legislation Requiring ‘Watermarking’ for AI-Created Material

Quick Overview:

• OpenAI backs California’s AB 3211, which requires watermarking of AI-generated material.
• The initiative aims to enhance transparency, especially in election cycles.
• AB 3211 has been passed by the California State Assembly and is pending a Senate vote.
• OpenAI’s endorsement is in contrast to its objections to another California AI bill, SB 1047, focused on AI safety assessments.
• AI-generated content, such as deepfakes, presents considerable dangers in global elections.

Overview of California’s AB 3211

As artificial intelligence (AI) gains prominence, the call for transparency in AI-created content has led to legislative efforts in California. OpenAI, the creator of ChatGPT, has endorsed California Assembly Bill 3211 (AB 3211), which requires the watermarking of AI-generated content. This initiative aims to help the public differentiate between human-created and AI-produced material, particularly during politically intense times like elections.

Reasons for Introducing the Bill

The motivation behind AB 3211 is rooted in rising apprehensions regarding the potential abuse of AI-generated content. AI-crafted misleading videos, images, and deepfakes can disseminate misinformation swiftly. In light of 2023 being an election year for numerous nations, including Australia, the demand for clear identification of AI-generated content is more pressing than ever. Jason Kwon, OpenAI’s Chief Strategy Officer, stated, “innovative technology and standards can aid individuals in understanding the origins of online content and avoid confusion between human-generated and photorealistic AI outputs.”

Contrasting AB 3211 and SB 1047

California’s AB 3211 is not the sole AI-related proposal causing a stir. Senate Bill 1047 (SB 1047) is also receiving considerable attention. Unlike AB 3211, which emphasizes watermarking, SB 1047 demands that AI developers carry out safety evaluations of their models. This bill has encountered pushback from the tech sector, including OpenAI, over concerns regarding the practicality and ramifications of such rigorous requirements.

Reasoning Behind OpenAI’s Opposition to SB 1047

While OpenAI endorses AB 3211, it stands against SB 1047. The opposition stems from the view that obligatory safety evaluations might hinder innovation and impose excessive constraints on AI developers. OpenAI, supported by Microsoft, argues that although safety is crucial, the current version of SB 1047 could lead to unintended effects, ultimately slowing down AI advancement in California.

Global Ramifications of AI-Generated Material

The challenges that AB 3211 aims to tackle extend beyond California. With countries comprising a third of the global populace conducting elections this year, the potential impact of AI-generated content on political results is a worldwide matter. Indonesia, for instance, has already witnessed a significant role of AI-generated content in its elections. The stakes are elevated, and the international audience is observing California’s approach to this issue.

Australia’s Viewpoint

Even though this bill is under debate in California, its ramifications are being experienced worldwide, including in Australia. As a nation with its democratic frameworks, Australia faces similar threats from AI-generated content. Although Australia has not yet proposed similar legislation, the conversation surrounding AB 3211 could provide a model for future laws aimed at regulating AI-generated content in Australia.

Progress of AB 3211

AB 3211 has already achieved significant milestones. Following its overwhelming 62-0 vote in the California State Assembly, the bill has cleared the Senate Appropriations Committee and is now ready for a full Senate vote. If it passes, it will be forwarded to Governor Gavin Newsom, who must sign or veto it by September 30. If approved, AB 3211 may set a precedent for other states—and possibly nations—looking to govern AI-generated content.

Potential Consequences for Tech Firms

Should AB 3211 be enacted, tech companies, including social media platforms and content creators, will need to install watermarking systems for AI-generated content. This may incur additional costs and technical hurdles as companies strive to comply. Nevertheless, it could also facilitate more responsible AI usage, mitigating misinformation risks and enhancing transparency.

Conclusion

OpenAI has expressed its backing of California’s AB 3211, a bill that requires the watermarking of AI-generated material to promote transparency, especially during election cycles. The bill has gained momentum, passing the State Assembly and progressing to the Senate, contrasting with another AI-related legislation, SB 1047, which OpenAI opposes due to its stringent safety testing criteria. The ramifications of AI-generated content are of worldwide concern, and the outcome of AB 3211 could significantly influence legislative initiatives globally, including in Australia.

Q: What is AB 3211?

A:

AB 3211 is a California Assembly Bill that requires the watermarking of AI-generated content to assist users in differentiating between human-created and AI-produced material, especially during politically sensitive times such as elections.

Q: Why does OpenAI endorse AB 3211?

A:

OpenAI supports AB 3211 because it believes that transparency and the clear identification of AI-generated material are vital, particularly in combating the spread of misinformation during elections.

Q: What distinguishes AB 3211 from SB 1047?

A:

While AB 3211 centers on mandating the watermarking of AI-generated content, SB 1047 necessitates that AI developers perform safety evaluations on their models. OpenAI backs AB 3211 but opposes SB 1047 due to concerns about its impact on innovation.

Q: What might be the global consequences of AB 3211?

A:

If enacted, AB 3211 could establish a precedent for other states and nations to introduce analogous legislation aimed at regulating AI-generated content. This is particularly crucial in countries facing imminent elections, where the risk of misinformation is heightened.

Q: How could AB 3211 impact tech companies?

A:

If passed, AB 3211 would compel tech companies to adopt systems for watermarking AI-generated materials. This may lead to extra expenses and technological challenges but could also foster more responsible AI usage and greater transparency.

Q: How does this bill connect with Australia’s legislative context?

A:

While Australia has yet to propose similar measures, discussions surrounding AB 3211 could inspire future laws focused on regulating AI-generated content in Australia, particularly given the country’s exposure to similar risks from AI-generated misinformation.

Swinburne University Names First Chief Data Analytics Officer

Anthony Perera, Swinburne University

Quick Overview

• Swinburne University of Technology has appointed Anthony Perera as the inaugural Chief Data Analytics Officer (CDAO).
• Perera will concentrate on advancing data engineering, reporting, sophisticated analytics, and AI integration at the university.
• His responsibilities will include delivering actionable business insights across the university’s divisions.
• With prior experience as the CDAO at La Trobe University, he plans to utilize his knowledge in data-driven decision-making.
• Perera will report to Swinburne’s Chief Information Officer, Claes Mansson.

A New Chapter in Data-Driven Decision Making at Swinburne

In a major step forward in enhancing its technological prowess, Swinburne University of Technology has appointed Anthony Perera as its first Chief Data Analytics Officer (CDAO). This newly established position signifies the university’s dedication to utilizing data and analytics as a fundamental aspect of its strategic endeavors.

Encouraging Innovation Through Data

Perera’s onboarding is anticipated to revolutionize Swinburne University’s data management practices. The Melbourne institution is pivoting towards enhanced data engineering, intricate reporting frameworks, and the integration of artificial intelligence (AI) solutions. These strategies aim to boost the university’s capacity for generating actionable business insights that will be shared throughout all divisions.

“As Swinburne continues to utilize data and technology as essential differentiators, Anthony and his team will play a vital role in generating new opportunities for our students, streamlining operations, and producing insights that enhance our research outcomes and impact,” said Claes Mansson, the university’s Chief Information Officer.

Leveraging Experience

Anthony Perera arrives in his new position with extensive experience, having held the CDAO role at La Trobe University previously. His expertise in connecting data with decision-makers and users will be crucial for enhancing Swinburne’s business intelligence, strategic planning, and overall experiences for students and partners. Perera is expected to employ innovative data management strategies and AI-driven insights to promote creativity within the university.

Strategic Insight and Leadership

Reporting to CIO Claes Mansson, who joined Swinburne University in January 2024, Perera’s position is integral to the institution’s broader strategic ambitions. His leadership is poised to significantly advance Swinburne’s organizational achievements, particularly through operational optimization and the creation of new prospects for students and staff.

With Perera steering data analytics, Swinburne University is establishing itself as a frontrunner in the higher education landscape, especially concerning the incorporation of data-driven practices into its core functions. This initiative is expected to enhance not just the university’s internal mechanisms but also its research outputs and overall influence.

Conclusion

Swinburne University of Technology has made a considerable leap towards strengthening its technological capabilities by naming Anthony Perera as its first Chief Data Analytics Officer. Focused on data engineering advancements, AI integration, and strategic insights, Perera’s role is set to transform the university’s operations. Reporting directly to the Chief Information Officer, he will harness his vast experience to drive innovation, enrich student engagement, and refine university operations.

Q: Why is the appointment of a Chief Data Analytics Officer important for Swinburne University?

A:

The establishment of a Chief Data Analytics Officer (CDAO) represents a strategic initiative by Swinburne University to boost its data-centric decision-making abilities. This role is essential for harnessing data and technology to enhance operations, improve student engagement, and promote research advancements.

Q: What will be Anthony Perera’s primary focus in his position?

A:

Anthony Perera’s focus will be on enhancing Swinburne’s data engineering capabilities, reporting structures, and AI integration. His role will encompass ensuring that actionable business insights are effectively communicated across the university’s divisions, thus improving strategic planning and decision-making.

Q: What qualifications does Anthony Perera bring to Swinburne University?

A:

Perera has substantial expertise in data analytics, having previously held the position of Chief Data Analytics Officer at La Trobe University. He possesses a robust background in leveraging data to bridge the gap between decision-makers and end-users, thereby enhancing business intelligence and strategic initiatives.

Q: How does this appointment fit into Swinburne University’s larger objectives?

A:

This appointment is in line with Swinburne University’s overarching goal of leveraging data and technology as key drivers in the higher education domain. By enlisting an experienced professional like Perera, the university aims to enhance its operations, generate new opportunities for students, and accelerate research advancements.