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Amazon effect

This Month

Nvidia CEO Jensen Huang. Tech companies are racing to get access to the company’s GPUs.

Struggling bitcoin miners seek deals with AI companies

They now hope to benefit from a surge in demand for powerful but scarce chips which are used in both crypto mining and AI processing.

  • Nikou Asgari and Tim Bradshaw
Booktopia’s warehouse.

Booktopia’s outsized ACCC penalty may have sped up its decline

The ACCC secured $20 million in fines against Meta, Facebook’s parent. If the fine was proportionally the same size as Booktopia’s, it would have been $82 billion.

  • Aaron Patrick

June

The new code views penalties as essential to working effectively.

Why this is a practical, workable supermarket code of conduct

The new code offers the best of both a mandatory and voluntary system of compliance for the supermarket giants.

  • Craig Emerson
COSRX’s Snail Mucin cream became the most popular beauty product on Amazon last year.

Online shopping has become a giant fake-product machine

TikTok is better than any other digital platform for turning cult favourites into global bestsellers – and making counterfeiters money.

  • Amanda Mull
Jensen Huang, co-founder and chief executive officer of Nvidia. The company is among those being scrutinised over competition concerns.

US clears way for antitrust inquiries on Nvidia, Microsoft and OpenAI

The Justice Department will take the lead in investigating whether the behaviour of Nvidia, the biggest maker of AI chips, has violated antitrust laws.

  • David McCabe
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May

The most widely known victim of pornographic deepfake images is Taylor Swift.

Tech industry pushed to shut down market for sexual AI deepfakes

Joe Biden is pushing the tech industry and financial institutions to shut down a market of sexual images, many of celebrities, made with AI technology.

  • Matt O'Brien and Barbara Ortutay
  • Analysis
  • AI
Nvidia chief executive Jensen Huang keeps delighting the market.

Nvidia’s share price is about to plummet, but it’s all part of the plan

Nvidia boss Jensen Huang knows this is his moment, and he’s capitalising on surging demand for his AI chips and his white-hot shares.

  • Updated
  • Paul Smith and James Thomson
PsiQuantum’s co-founders Jeremy O’Brien and Terry Rudolph are confident they will win bipartisan support in Australia.

PsiQuantum in talks for bipartisan support but Coalition not swayed

PsiQuantum is confident of winning over sceptical politicians by highlighting its backing from both major parties in the US, where it has defence contracts.

  • Tess Bennett

Amazon posts strong cloud unit sales on rising AI demand

The e-commerce company’s operating income more than tripled as Amazon Web Services and adverts provided a boost.

  • Camilla Hodgson

April

The rise of debt has fuelled global inequality, contributing to a slump in productivity and restricting economic growth.

How government debt could blow up the global financial system

As Western governments shy away from debt reduction and structural reform, investors must reassess their view of “safe” assets.

  • John Plender
The Google Cloud data centre in Germany.

Booming AI demand threatens global electricity supply

Tech chiefs warn that power-hungry data centres are a bottleneck in developing artificial intelligence. Some of them are looking at developing their own electricity supply.

  • Camilla Hodgson
Sissie Hsiao from Google Assistant and Bard, left, during the Fortune Brainstorm AI conference in San Francisco late last year. Companies are struggling to evaluate the revolving technology.

Speed of development making it hard for firms to invest wisely in AI

Whether assessing safety, performance or efficiency, the groups tasked with stress-testing AI systems are rushing to keep up with the state of the art.

  • George Hammond
The imminent announcement of the supermarkets’ third-quarter results will focus on political pressure as much as sales figures.

Political brawls sweep the supermarket aisles

Supermarkets are once again an appealing target for politicians wanting to demonstrate their good intentions on helping consumers with cost-of-living pressures.

  • Updated
  • Jennifer Hewett

March

ACCC chairwoman Gina Cass-Gottlieb. The competition regulator is considering whether to recommend the government force Meta to the negotiating table.

The ACCC is asking news outlets if they can live without Facebook

The competition regulator, in letters to major media groups, has sought details about how they make money from and deal with Meta, the platform’s operator.

  • Sam Buckingham-Jones
Shein and Temu were both founded in China and are rapidly expanding overseas, including in Australia.

From nothing to $1b: Inside Temu and Shein’s flying start in Australia

The fast fashion group and Temu, an ultra-cheap marketplace, are rewriting the rules of retailing as shoppers flock to their low-cost platforms.

  • Nick Bonyhady and Carrie LaFrenz
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Digital minion s

I hired an algorithm to help me shop. Here’s what happened

Computer algorithms are taking over the business of buying and selling products online.

  • Marek Kowalkiewicz
Amazon leverages AI for logistics and  product recommendations.

Amazon books losses on $6b Aussie sales as retail and cloud boom

The US tech giant’s local online retail and cloud computing businesses are both printing money, with 20 per cent year-on-year growth, but it is still booking losses, newly published accounts show.

  • Tess Bennett
Meta CEO Mark Zuckerberg.

Megacorps are the 21st century’s great threat

Labor minister and economist Andrew Leigh argues that companies as big, financially, as nations are a danger to consumers and their employees.

  • Andrew Leigh

February

Home of the cloud: Macquarie Park Data Centre owned by Macquarie Technology.

Data centres are hot property - and not just for the returns

Macquarie Technology CEO David Tudehope says data centres are not just good investments, they will allow Australia to participate in the entire AI value chain.

  • Jennifer Hewett
Snap

Tech layoffs roil industry as US job losses reach 32,000

Snap has become the latest example, announcing that it will reduce its workforce by 10 per cent, or about 540 employees.

  • Antonia Mufarech

Original URL: https://www.afr.com/topic/amazon-effect-1mr8