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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 sold it abroad for the first time. Canada agreed to […]
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Canada buys Australian Arctic radar in A$2.5bn defence-export first Read More »
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. The scale of the loan is a measure of how large, and how power-hungry, […]
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Blackstone’s AirTrunk seeks $3bn loan for one Sydney data centre Read More »
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 quantum chips cooled by one of the largest cryogenic systems ever constructed for quantum computing. Victor Peng, PsiQuantum’s […]
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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 organised around the moment something goes wrong, the appointment booked because a symptom appeared, […]
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Everlab raises AU$65m to turn primary care from treatment to prevention Read More »
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 has reported. The global accounting firm had the legal right to access an employee’s work laptop. What makes it striking […]
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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 Australia, used a speech on Monday to flag two AI-adoption problems large corporate buyers have been working […]
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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 handles unfair dismissal claims, wage disputes, discrimination, bullying, and workplace sexual harassment, said the surge […]
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The A$410bn pension fund is comparing the disruption to what retail and consumer services have already experienced. ASIC is already monitoring frontier-AI risks across the Australian financial system. AustralianSuper, the country’s largest pension fund with A$410bn ($293bn) under management, has said agentic artificial intelligence could fundamentally reshape how it serves its 3.5 million members, Bloomberg’s […]
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Australia’s largest pension fund sees agentic AI as a disruption-class technology Read More »
The Sydney-based AAAI Fellow joins the UNSW Business AI Lab to lead a team of Distinguished AI Scientists, in the latest step of Commonwealth Bank’s frontier-AI build-out. Commonwealth Bank of Australia appointed Professor Mary-Anne Williams as its first Chief AI Scientist on Monday, recruiting one of the country’s best-known AI researchers from the University of […]
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CBA names AI researcher Professor Mary-Anne Williams as Chief AI Scientist Read More »
When Iran closed the Strait of Hormuz on 27 March, following weeks of US and Israeli air strikes, Brent crude hit $126 a barrel and the World Bank warned that energy prices would surge by 24 per cent, the largest increase since the Russia-Ukraine shock of 2022. For most oil-importing nations, this was an economic […]
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Australia’s $22 billion answer to the question the Hormuz crisis asked Read More »