Six months after Australia became the first country to bar under-16s from social media, the government has concluded that the platforms are not taking the rule seriously enough, and is preparing to make the consequences of ignoring it considerably more…
A law is only as strong as the door it actually closes, and Australia’s ban on social media for under-16s appears to have left a window open. On 26 June, six months after the world-first measure took effect, Prime Minister Anthony Albanese said he was …
The AI infrastructure startup raised $1.5bn in a Series F, with Australia’s Blackbird VC putting in what may be the largest single outlay yet by an Australian firm. Baseten has raised $1.5bn in a Series F round that values the AI infrastructure startup…
Australia has been refining the same unusual piece of radar for decades, a system that bounces signals off the ionosphere to see thousands of kilometres past the curve of the Earth, and for all that time it kept the technology to itself. On Sunday it s…
AirTrunk wants to borrow A$4.3bn, roughly $3bn, to build a single data centre in Sydney. The Blackstone-owned operator is in talks with banks to fund SYD3, a hyperscale facility of more than 400 megawatts, according to people familiar with the matter. …
PsiQuantum has broken ground on a facility in Moreton Bay, Queensland, where it plans to build and deploy what it calls the world’s first utility-scale, fault-tolerant quantum computer. The site will eventually hold tens of thousands of photonic quantu…
The Melbourne healthtech’s oversubscribed Series A, led by Airtree, funds a move into the UK and a pitch to coordinate a patient’s health data over a lifetime rather than a single appointment. Most healthcare systems are built to wait. They are organis…
KPMG secretly and repeatedly accessed a whistleblower’s work computer to extract documents detailing their allegations of data misuse, then shared the material with senior partners and the firm’s former chief executive, the Australian Financial Review …
CBA chief executive Matt Comyn used the phrase ‘work slop’ to describe the low-quality AI output now flowing through corporate workflows, as token-billed AI costs scale with task complexity. Matt Comyn, chief executive of the Commonwealth Bank of Austr…
Australia’s Fair Work Commission has announced a review of its processes to cope with what it described as an estimated 70% workload increase over three years, driven in part by the proliferation of generative AI assistance tools. The commission, which…