This Month
Labor to launch ChatGPT-style app in major government AI push
Huge swathes of data will be allowed on artificial intelligence platforms in a push to turbocharge the technology’s use in the public service.
October
Nuix CEO Jonathan Rubinsztein exits, sending stock sliding
Shares plunged by as much as 15 per cent on Monday morning, with analysts questioning the speed of Rubinsztein’s departure and the appointment of a replacement.
Treasury considers small lender exemption from open banking
A proposal to exempt smaller banks from the data sharing regime would ease their cost burden, but critics say it would be a backward step for customer choice.
Data centre wins revive Di Pilla’s DigiCo shares
DigiCo has recaptured investors’ attention after the data centre group announced new customer contracts and expansion plans.
August
The Excel Files: The secret lives of spreadsheet superfans
The unlikeliest hobby? People are using spreadsheets for fun, and winning world championships along the way. Here’s how I got into the quirky world of data.
Godfathers of Australian AI cash in as businesses play catch-up
Woolworths-owned Quantium has become sought after in boardrooms as executives and directors seek crash courses in how to ride the AI wave.
June
How a $60m computer called MAVERIC could change Australia’s AI future
A new supercomputer in Melbourne will give researchers the firepower to work on vast data sets in health, medicine and climate change.
May
AI can spot threats before they happen
Australian organisations are drawing on improved technologies to alert them about when and how they need to act.
February
Westpac works with Accenture to deploy AI agents
The bank has already used agentic AI to assist its engineers move code to new cloud-based systems. Triaging mortgage applications could follow.
Think you need to be an accountant to be a CFO? You don’t
Analysis primarily of biographies and LinkedIn profiles of ASX 50 chief financial officers found that just over 60 per cent cite professional accounting qualifications.
December 2024
The Australians inside Andrew Tate’s ‘university’
Leaked member data from the controversial influencer’s “financial education platform” reveals its popularity.
Exploration drillers tighten belts as boom fades
Spending on mineral exploration is sliding and inflationary pressures mean each dollar delivers fewer metres drilled. But AI and data analysis might save the day.
November 2024
CBA prepares for AI to transform banking, with dozens of uses
The country’s biggest bank is already using AI to resolve 15,000 payment disputes every day. And its chief executive, Matt Comyn, says many more uses are on the way.
September 2024
Labor’s plan for protecting your privacy: hope the internet disappears
The Albanese government has squibbed at nearly 40 key privacy reforms and given in to an outdated argument that Australia is a nation of shopkeepers.
August 2024
This ‘Bloomberg killer’, backed by Microsoft, might succeed
There are a number of so-called ‘Bloomberg killers’ already littering the financial technology graveyard. Can this one win over users?
Banks say consumer data right ‘action initiation’ rescue will cost $3b
Ahead of a parliamentary vote next week to extend the consumer data right to boost switching, the ABA is pointing to costs and risks as reason for delay.
July 2024
Canberra’s $1b digital identity play could be the next white elephant
The failure of open banking and the poor uptake of My Health Record offer a salutary warning for the government’s digital ID system.
Fintechs accuse banks of sabotage on ‘open banking’
The start-ups attacked the banks for trying to sabotage the consumer data right, arguing figures on low usage misrepresent growing interest in account switching.
Senate to vote next month on extending data right for bank switching
Treasurer Jim Chalmers is working through banks’ concerns about the consumer data right, as the Senate forced a vote on a bill to extend it by mid-August.
They built it – but nobody came. Consumer data right needs help
Privately, bank bosses remain highly agitated about being more open about the valuable data they hold, the sharing of which could make competition more intense.