Australia

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Australia sues Amazon over Prime Video ads, citing unfair contract terms

The ACCC alleges Amazon buried unfair terms in Prime contracts, then used them to add ads to Prime Video for more than a million subscribers without offering refunds. The complaint Australia’s consumer regulator filed against Amazon this week turns on a small print clause and a large grievance. The Australian Competition and Consumer Commission alleges […]

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Australia moves to double Big Tech fines and arm its regulator over the under-16 ban

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 expensive. New legislation announced this week would roughly double the maximum penalty for a systemic […]

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Australia’s teen social media ban works on paper, less so in practice

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 keen to make the ban as strong as possible, after […]

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AI infrastructure startup Baseten raises $1.5bn at up to $13bn valuation as Blackbird makes its biggest-ever bet

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 at up to $13bn, a number that arrives barely 18 months and […]

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Canada buys Australian Arctic radar in A$2.5bn defence-export first

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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Blackstone’s AirTrunk seeks $3bn loan for one Sydney data centre

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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PsiQuantum breaks ground in Australia on what it says will be the world’s first utility-scale quantum computer

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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Everlab raises AU$65m to turn primary care from treatment to prevention

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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KPMG secretly and repeatedly accessed a whistleblower’s computer, then shared the files with its CEO

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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Australia’s biggest bank says corporate AI is racking up bigger bills and producing ‘work slop’

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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