Aussie AI boost: $500m network planned for major cities
Australia's internet infrastructure is not ready to handle increasing artificial intelligence demand, according to one telco that plans to build more fibre.
business (general)
Beware AI cowboys: warning amid data centre stampede
The race to build data centres could come with a risk: "fly-by-night" operators with little concern for Australia's best interests.
Inflation lying in wait to strike another rate blow
Despite a fall in headline inflation, a larger-than-expected rise in the underlying figure leaves the door open to more Reserve Bank rate hikes.
KPMG chairman, partners to exit scandal-tainted firm
Two KPGM audit partners who allegedly accessed confidential information are leaving the accounting firm, along with its national chairman.
‘Dubious honour’: consultancy giants cop trust barb
A senator has been "gobsmacked" over the response by a former KPMG chief to a question over public trust of big consultancy firms at a federal inquiry.
breaking_news
business (general)
business enterprises
economy, business and finance
inquiry
politics
state budget and tax
Tax carve-out backdown fails to cut it with businesses
Policy reversals mean innovative startups will have access to a 50 per cent capital gains discount and a mooted minimum tax on discretionary trusts will be cut.
Concrete example: carbon refinery to turn gases green
An Australian facility will seek to prove carbon can be embedded into useful products, such as concrete, paint and plasterboard, and resold for a profit.
business (general)
business enterprises
computing and information technology
employee
employer
employment
regulatory policy and organisation
research
science and technology
software
technology (general)
$50K in a day: why firms are struggling with AI costs
In the rush to adopt artificial intelligence, some companies are blowing their budgets and failing to recognise the importance of human workers.
‘Take a breath’: Google tells Aussies to relax about AI
Workers need to stress less about the impact of artificial intelligence on their jobs, Google's Australian managing director says, and adapt to the disruption.
Female founders to gain access to new financial backing
Female founders will have greater access to venture capital funding under a new program designed to help tackle the gender gap in start-ups.
Relief for workers with lifeline for ailing smelters
Smelter operator Nyrstar hasn't ruled out needing further taxpayer money after extra funds were announced to prop up two ailing facilities.
Big bank changes RBA rate call as cost pressures ease
Slowing economic activity and softer price growth could convince the Reserve Bank to keep rates on hold, with inflation pressures weaker than initially feared.
Trans-Tasman ties never better despite tax jibe: PM
The diplomatic relationship between Australia and New Zealand has never been stronger, both leaders insist, despite commentary over recent budget announcements.
Chatbot mechanics: Aussies are turning to AI for fixes
More motorists are turning to artificial intelligence for advice on how to fix their car and one in three trust the technology more than a human.
Red alert for green iron: Australia risks its advantage
None of Australia's green iron projects are ready to launch and, without policy changes, the nation risks missing the opportunity to lead a global race.
AI’s dirty secret: data centre boom threatens resources
Artificial intelligence could use three per cent of global energy by the end of the decade, the UN warns, and use 10 times more land than Mexico City.
AI to hit Aussies as data centres push up energy costs
Urgent action must be taken to regulate power and water used by data centres to avoid burdening Australian households with higher costs, a study has found.
business (general)
computing and information technology
it/computer sciences
litigation and regulation
politics
politics (general)
regulatory policy and organisation
safety of citizens
software
technology (general)
AI on a budget: Aussie watchdog trails global peers
The body charged with assessing artificial intelligence risks in Australia will operate on a small budget compared to its global counterparts.
business (general)
consumer confidence
consumer goods
economy (general)
economy, business and finance
retail
trade policy
unrest, conflicts and war
Retailers under attack from weak demand, rising costs
Australia's retail sector faces a pincer attack as the war in the Middle East increases costs and pushes consumers to the brink.
More Australian firms are panicking and paying ransoms
Australian companies are among the most likely to pay online criminals to retrieve stolen data even though they have to disclose their payments.
Banks on notice as Westpac fined for failing clients
Banking giant Westpac has been slugged with a $26 million penalty for failing to support customers in need, a decision an expert says sends a clear message.
breaking_news
business (general)
consumer goods
consumers
economy, business and finance
finance (general)
inflation and deflation
interest rate
personal finance
politics
prices
statistic
Falling fuel prices bolster hopes for RBA rate reprieve
A cut in the fuel excise caused annual headline inflation to fall, but the underlying impulse for price pressures is still gathering steam.
business (general)
children
computing and information technology
education
job layoffs
report
research
science and technology
software
survey
technology (general)
university
More young Aussies understand AI but they still fear it
Artificial intelligence is helping young people complete their homework but they are concerned it may also fill in their future jobs.
business (general)
computing and information technology
construction and property
economy, business and finance
energy
energy and resource
energy resources
environmental issue
inquiry
it/computer sciences
politics
renewable energy
research
software
water
‘Like a sneeze’: AI data centre boom spreads concern
More organisations are calling for a moratorium on data centres as their impact on water, energy and local communities remains in question.
Concerns, doubts over Tasmania budget cuts
Rating agency S&P Global says Tasmania's budget repair carries "high execution risk," doubting the government will follow through on $1.47 billion in cuts.
Aussie tech to tell heavy electric trucks where to go
How far and how fast can a battery-powered prime mover go? One Australian start-up is doing the sums so freight businesses don't have to.
‘No whammy’: businesses hit back at budget tax overhaul
Tax experts are urging the states to shield businesses from higher costs as they restructure their assets after Labor's controversial federal budget.
Proposed new airline could face squeeze from giants
Existing airlines won't roll over to make room for a proposed new competitor in their most profitable "Golden Triangle" routes, experts say.
business (general)
consumers
crime, law and justice
economy, business and finance
food - consumer goods
retail
Shoppers could pay more after Coles misconduct ruling
Supermarket prices could stay higher for longer following a ruling that Coles misled its customers with non-genuine discounts, according to one retail expert.
business (general)
computing and information technology
design and engineering
energy (general)
energy and resource
energy resources
engineering
heavy construction
internet
renewable energy
science and technology
technology (general)
water
Australia’s data centre dilemma: energy boom or bust?
Tech giants are spending billions of dollars to make Australia an artificial intelligence destination but its impact on the nation is up for debate.
US tech giant claims $25b stake in Australian AI future
The nation's artificial intelligence industry will get a $25 billion-dollar boost, from data centres to workplace training, after a major company's bet big.