Meta, Google, TikTok, and LinkedIn now face an Australian news law whether they carry news or not
Meta, Google, TikTok, and LinkedIn now face an Australian news law whether they carry news or not

Australia’s parliament passed the News Bargaining Incentive on Thursday, closing a five-year argument that began when Meta worked out it could avoid paying for news by simply not carrying any. The new law removes that option. Platforms with a significa…

A watchdog says Meta pays influencers to fight teen bans worldwide
A watchdog says Meta pays influencers to fight teen bans worldwide

Meta is running a global campaign to push back against laws that would ban teenagers from social media, according to a new investigation by the Tech Transparency Project. The effort relies on paid influencers and funded parent groups, the watchdog said…

Alphabet raises A$5.5bn in Australia, more than doubling a record Apple set in 2015
Alphabet raises A$5.5bn in Australia, more than doubling a record Apple set in 2015

Alphabet priced its first Australian dollar bond on Wednesday at A$5.5bn, about US$3.9bn, roughly 10% more than the market had pencilled in when the deal was trailed at the start of the week. It is the largest corporate bond sale ever done in the Austr…

Alphabet takes its AI debt spree Down Under with a first Australian dollar bond
Alphabet takes its AI debt spree Down Under with a first Australian dollar bond

Alphabet is preparing to sell its first bond denominated in Australian dollars, a modest-sounding piece of financial housekeeping that says a good deal about how the AI build-out is now being paid for. According to bookrunner messages reported by Reute…

Canva’s backers cut $7.1bn from its valuation, and its own valuer cut more
Canva’s backers cut $7.1bn from its valuation, and its own valuer cut more

Emma Rapaport and Paul Smith reported the markdown for the Australian Financial Review on 14 August. The figure appears two ways and both are correct. It is $7.1bn in US dollars, and A$10bn, which is the number most headlines carried. The cut takes Bla…

Meta removed 756,000 Australian accounts. Its real ask is that Apple does the checking
Meta removed 756,000 Australian accounts. Its real ask is that Apple does the checking

Representatives of Meta, TikTok, Google and Snap give evidence to an Australian parliamentary inquiry on Friday, Reuters reported. Regulators and government officials appear too. Meta went first, and it went alone. On Wednesday it published its enforce…

An AI agent deleted a stranger from a gym waitlist. The API let it
An AI agent deleted a stranger from a gym waitlist. The API let it

An Australian man named Andrew asked his AI agent to book him into a popular gym class. The agent booked the class. Then it deleted a stranger. The ABC’s national AI reporter Cam Wilson and the Specialist Reporting Team’s Rhiannon Hobbins broke the sto…

Recruiters are using AI avatars to run interviews. Now candidates are sending avatars to attend them.
Recruiters are using AI avatars to run interviews. Now candidates are sending avatars to attend them.

Job recruiters are meeting an uncanny new kind of candidate: the AI avatar. These digital humans mirror an applicant’s voice and likeness while being something else entirely, and they are turning up in first-round interviews. Lana Kersanava, a Sydney-b…

Booksellers fear their rarest books are being pulped to feed AI. The trail leads to a ‘recycler’.
Booksellers fear their rarest books are being pulped to feed AI. The trail leads to a ‘recycler’.

We have written about why AI companies are buying up old books: printed before the internet filled with machine-made text, they are a clean source of language, free of AI slop. This is what that hunger looks like from the other end. In Australia, secon…

Most Australian teens are still on social media three months into the under-16 ban
Most Australian teens are still on social media three months into the under-16 ban

Most Australian teenagers are still using social media three months after the country’s world-first under-16 ban took effect, according to a new study from the eSafety Commissioner that undercuts one of the government’s flagship online-safety policies….