Yesterday
NAB executive warns of ‘elusive’ productivity gains in age of AI
Finance executives have been circumspect about the transformative power of the new technology, suggesting return on investment should be the focus.
- James Eyers
Bunnings defends facial recognition after privacy breach
The privacy commissioner rules Bunnings breached its customers’ privacy, but retailer says the technology was to protect staff and stop theft.
- Paul Smith
The fastest-growing firms have one thing in common: AI
BlueRock’s Peter Lalor says the firm is using generative AI across the firm, while McGrathNicol’s Jason Preston is using the machine learning to identify patterns that humans would overlook.
- Updated
- Edmund Tadros
This Month
AI now critical for job hunting success, recruiters say
It is becoming acceptable to use the technology to draft letters and CVs — but not to answer assessments.
- Bethan Staton
Employment jumps; Cbus CEO apologises; Trump’s shock pick
Read everything that’s happened in the news so far today.
AI job growth to fuel demand for 480,000sq m of office space: report
JLL research suggests that by 2030, artificial intelligence will become the second-largest sector in the Australian economy, offering opportunities for office landlords.
- Michael Bleby
‘We gave it everything’: AI start-up calls it quits after raising $60m
Administrators are looking for buyers of the assets of fallen retail company Hivery, which had raised over $60 million from leading VC firms.
- Paul Smith
Tech chiefs feel the heat of boards’ AI expectations
Fear among board directors and chief executives that they will be left behind in AI use by fleeter footed rivals’ is piling the pressure on tech executives.
- Paul Smith
AI gets real as big business finds its feet
An era of cautious, low-stakes experimentation is rapidly giving way to tangible changes in how some of Australia’s largest operations run.
- Paul Smith
Telstra and ANZ say human call centres will have AI agents
The way companies deal with their customers is going to change in the AI era, two of Australia’s biggest companies say, but humans will still be involved.
- Paul Smith
Should regulators have a light touch with AI rules?
Managing AI risks is all about making the most of the human safety net.
- Alexandra Cain
AI produces efficiency dividends for Australian business
Combining the best of artificial intelligence with human experience is creating genuine productivity gains.
- Alexandra Cain
ANZ banks on Plus to cut costs by a third despite market scepticism
The lender has floated the idea of cutting mortgage costs if it can transition some 7 million customers onto the new technology platform by the end of 2028.
- James Eyers and Lucas Baird
Business' great AI challenge
The roundtable was hosted on October 29, 2024 and discussed how C-suite executives and thought leaders are adopting artificial intelligence.
- Updated
- Exclusive
- Funding
Woolworths, Westpac funds back controversial $500m anti-crime start-up
Auror’s use of AI technology to help retailers track criminals led to an Information Commissioner investigation, but investors aren’t worried.
- Paul Smith
Nuclear ban holds Australia back from data centre opportunity
Craig Scroggie says without a ‘logical conversation’ on nuclear, Australia may miss an opportunity to grab an outsized chunk of the booming data centre industry.
- Angela Macdonald-Smith
- Exclusive
- Fintech
Fintech offers $8m bridging loans in minutes as Citi backs $250m facility
Bridgit uses AI to approve loans for those looking to buy their next home before their existing one has sold. It claims an average approval time of about four hours.
- Paul Smith
TSMC stops advanced chip shipments to Chinese customers
The Taiwanese maker of most of the world’s cutting-edge computer chips discovered that one of its products ended up in a processor made by Chinese telco Huawei.
- Meaghan Tobin and Ana Swanson
- Gadgets With John Davidson
- Digital Life
Apple launches our favourite gadget of 2024
The new Mac mini is tiny, fast, cheap and brilliant. What more could you ask for, after a year of underwhelming AI?
- John Davidson
- Opinion
- Performing arts
Quincy Jones shows why AI will never beat human brilliance
No algorithm will ever have the real life story that is embedded in the work of a great and original artist.
- Dave Lee