Nvidia chief executive Jensen Huang has been pitching the idea of ‘sovereign AI’ since 2023. Europe is now starting to listen and act. The concept is based on the idea that the language, knowledge, history and culture of each region are different, and every nation needs to develop and own its AI. Last week, the…
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Amazon Web Services says it will spend $20 billion in Australia over the next five years on business operations, including on a significant expansion of its data centre infrastructure. The commitment is a significant expansion of the $13.2 billion that the company had already announced for the period 2023 to 2027, with the $7 billion+…
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The Prime Minister Anthony Albanese was at the Press Club this week telling Australia that he had instructed the Treasurer Jim Chalmers to convene a special Productivity Roundtable in August. The roundtable, made up of senior leaders from government, business, the unions and civil society would discuss Team Australia-style strategies for improving the nation’s lagging…
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Nvidia will build its first artificial intelligence cloud platform for industrial applications in Germany, chief executive Jensen Huang said at the VivaTech conference in Paris on Wednesday. The technology, which will combine AI with robotics, will help carmakers such as BMW and Mercedes-Benz with processes from simulating product design to managing logistics. In a series…
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Newly appointed Industry and Innovation minister Tim Ayres has outlined government’s three priorities for artificial intelligence, including strategies to ensure Australia has a stake in the global AI technology system. Senator Ayres, who is also the federal Minister for Science, says the adoption of productivity enhancing tools is one objective, but securing access to powerful…
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Britain lacks the computing infrastructure to deliver the full potential of its leading artificial intelligence research base, Nvidia’s chief executive said on Monday, as the UK partners with the US chipmaker for a new AI testing environment. Jensen Huang’s comments came as the UK’s Financial Conduct Authority announced a new framework to allow financial firms…
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Senator Dave Sharma has warned against Australia adopting a risk-averse approach to the regulation of artificial intelligence, which would stymie business take up of a technology that is evolving much faster than people in this country realise. The newly appointed shadow assistant minister for Competition, Charities and the Treasury said his focus in the current…
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The European Union has launched a new International Digital Strategy with a commitment to promoting a rules-based global digital order and working with like-minded partners to offset a period of turbulence in trade relations with the US. The European Commission’s vice-president for Tech Sovereignty, Security and Democracy Henna Virkkunen launched the International Digital Strategy on…
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Industry and Innovation minister Tim Ayres gave the opening address at the AFR AI Summit in Sydney this week, telling the business audience that Australia must “lean in” to the opportunities of artificial intelligence. The presentation included a commitment from the government to work with the union movement to give them more of a voice…
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On a day when newly appointed Industry minister Tim Ayres said Australia’s trade unions needed a stronger voice in managing the impact of technology in the workplace, the union movement has called for a federal boycott of Big Tech in government procurement. The Australian Council of Trade Unions (ACTU), the Shop, Distributive & Allied Employees’…
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Australia has the opportunity to create a new frontier of competitive advantage in sustainable digital infrastructure by aligning the rapid growth of data centres with the expansion of renewable energy and grid integration. This will become increasingly urgent with the growing adoption of generative artificial intelligence (AI), the need to maintain grid stability during the…
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Apple has submitted a legal challenge to an EU order to open up its closed ecosystem to rivals such as Meta and Alphabet’s Google, saying the demands are unreasonable and hamper innovation. The European Commission had in March detailed how Apple must comply with the Digital Markets Act, which aims to rein in the power…
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It is worth digging a little deeper into the important contribution that Nobel laureate Brian Schmidt and UNSW Scientia Professor of Economic Richard Holden made in their National Press Club appearance last week. The joint address, on the subject of ‘Securing Australia’s sovereign research capability’, was not carried live on any of the broadcast channels…
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Australia’s peak business lobby has called on government to accelerate national efforts to bake productivity-enhancing artificial intelligence systems into the economy. The Business Council of Australia has released a landmark report offering 16 recommendations that it says can turn the nation into “a global leader” in just three years. The phased plan, contained in its…
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US President Donald Trump would have the power to retaliate against countries that impose special digital service taxes on large US technology companies like Amazon and Alphabet, under a provision in the sweeping tax bill that Congress is considering. “If foreign countries want to come in the United States and tax US businesses, then those…
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Alphabet’s Google on Saturday said it will appeal an antitrust decision under which a federal judge proposed less aggressive ways to restore online search competition than the 10-year regime suggested by antitrust enforcers “We will wait for the Court’s opinion. And we still strongly believe the Court’s original decision was wrong, and look forward to…
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Melbourne-based biotech firm PolyActiva, which has spent 15 years developing an eye-implant technology to treat glaucoma, has won a $27 million investment from the National Reconstruction Fund Corporation as part of a $40 million Series C round. The NRFC’s $27 million commitment was a part of PolyActiva’s $40 million Series C round, with the investment…
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Melbourne-based biotech firm PolyActiva, which has spent 15 years developing an eye-implant technology to treat glaucoma, has won a $27 million investment from the National Reconstruction Fund Corporation as part of a $40 million Series C round. The NRFC’s $27 million commitment was a part of PolyActiva’s $40 million Series C round, with the investment…
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The United States has ordered a broad swathe of companies to stop shipping goods to China without a license and revoked licenses already granted to certain suppliers, said three people familiar with the matter. The new restrictions – which are likely to escalate tensions with Beijing – appear aimed at choke points to prevent China…
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The European Commission plans to create a public-private fund of at least €10 billion euros (A$17.5 billion) to help tech companies scale up as the European Union aims to narrow its innovation gap with the United States and China. Launched on Wednesday, the Commission’s ‘Choose Europe to start and scale’ strategy is designed to make…
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Nobel laureate Brian Schmidt and economics professor Richard Holden gave a joint address on Wednesday to the National Press Club in Canberra. Their key message? Australia isn’t spending enough money on university research. Schmidt wants to ensure Australia can undertake research vital to our national interests. “I look around and I am scared,” Schmidt said….
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A bill that requires Apple and Alphabet’s Google to verify the age of users of their app stores could become law this week in Texas, putting the second-most-populous state in the US at the centre of a debate over whether and how to regulate the use of smartphones by children and teenagers. Senate Bill 2420…
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The Australian newspaper has ramped up its campaign against Labor’s plan to increase the tax on earnings from superannuation funds with balances greater than $3 million in the past week with three separate editorial columns. Henry Ergas questions the principle that superannuation is lightly taxed. To do so, he creates a mythical world in which…
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Australia stands at a pivotal moment in shaping its digital future. As global competition in AI accelerates, Australia must act decisively to secure its digital sovereignty. Investing in sovereign AI capability – developed, deployed, and governed domestically – is essential to ensure ethical alignment, operational control, and resilience across key sectors such as defence, national…
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ASX-listed logistics software outfit WiseTech Global has announced its’ biggest ever acquisition, signing a US$2.1 billion (A$3.25 billion) deal to buy US-based global trade software maker e2open. The company says the acquisition adds a complimentary set of products to its CargoWise ‘ecosystem’, especially in adjacent areas of domestic logistics and carrier integration, as well as…
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Nvidia will launch a new artificial intelligence chipset for China at a significantly lower price than its recently restricted H20 model and plans to start mass production as early as June, sources familiar with the matter said. The GPU or graphics processing unit will be part of Nvidia’s latest generation Blackwell-architecture AI processors and is…
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‘Innovation’ pervades Australian policy discourse. It is hailed as the remedy for declining productivity, economic stagnation, and social challenges, appearing in political speeches, business strategies, and university mission statements. Yet, for all its prominence, the term remains ill-defined. Its elasticity allows it to mean whatever the moment demands – inventions, ideas applied, technological advances, using…
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Billionaire Elon Musk’s DOGE team is expanding use of his artificial intelligence chatbot Grok in the US federal government to analyse data, said three people familiar with the matter, potentially violating conflict-of-interest laws and putting at risk sensitive information on millions of Americans. Such use of Grok could reinforce concerns among privacy advocates and others…
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The Federal Communications Commission voted 4-0 on Thursday to finalise rules to bar Chinese labs deemed risks to US national security from testing electronic devices such as smartphones, cameras and computers for use in the United States. All electronics used in the United States must go through the FCC’s equipment authorisation process before they can…
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