When a tech industry chief executive as successful and respected as Atlassian’s Mike Cannon-Brookes speaks on the record with advice for the government, you feel compelled to listen. But when the advice is as fatuous as telling government it should “just get out of the way,” it’s hard not to be underwhelmed. What does that…
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Donald Trump’s Executive Office has ordered federal agencies to name a chief AI officer, develop strategies for expanding their use of artificial intelligence, and to make the purchase of American AI products and services a chief priority. The memo from the Office of Management and Budget (OMB) on Tuesday (AEST) puts into effect an executive…
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Treasurer Jim Chalmers’ federal Budget two weeks ago outlined an expected decline of $640.6 million in payments to companies under the R&D Tax Incentive scheme over the five years to 2028-29. This decline in support for business investment in R&D is both a mystery and a concern. Particularly for a government that has a stated…
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US electric utilities are fielding massive requests for new power capacity as Big Tech scours the country for viable locations for new data centres to keep up with the compute demands of AI. A survey of 13 major US electric utility earnings transcripts found nearly half have received inquiries from data centre companies for volumes…
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Samsung Electronics is expected to forecast a 21 per cent drop in Q1 profit on Tuesday, hurt by sluggish sales of artificial intelligence chips and continued losses in its contract chip manufacturing business. The world’s biggest maker of memory chips, in the midst of a management reshuffle following the sudden death of co-CEO Han Jong-Hee…
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The stock market plunge has more to do with the emergence this year of China’s DeepSeek artificial intelligence tool than with President Donald Trump’s policies, US Treasury Secretary Scott Bessent said in an interview released on Friday that signaled little concern about the ongoing nosedive. “For everyone who thinks these market declines are all based…
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Global tectonic shifts in technology are impacting Australia’s systems of government, business, commerce and social interaction. From AI-driven phishing programs to automated cyber interference in security, the changes are powerful and profound. The Resilient Australia forum, hosted by InnovationAus.com, will engage government, academic, and industry leaders in a discussion that goes beyond the narrow technical confines…
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When the Labor Party’s Jerome Laxale won the Sydney seat of Bennelong from the Liberals at the 2022 election, votes from Chinese Australians angry about then-prime minister Scott Morrison’s spat with Beijing were instrumental in his victory. Now Mr Laxale and other politicians are using social media including Xiaohongshu, a Chinese lifestyle app also called…
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US President Donald Trump’s sweeping reciprocal tariffs could hamstring Big Tech’s billion-dollar efforts to build artificial intelligence infrastructure in the country, likely undermining a key goal of the administration, analysts said on Thursday. Mr Trump and technology executives have touted lofty plans by Oracle, SoftBank and others to invest heavily in artificial intelligence since his…
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The global stock market carnage that followed US President Donald Trump’s sweeping new tariffs rippled through early trading in the United States, slamming a wide swath of key industries including retail and technology firms. The tariffs, which threaten to destabilise the world trade order and unsettle businesses, mark a sharp reversal from just a few…
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The NSW Innovation Blueprint 2035 represents an important effort to articulate a strategic vision for innovation in Australia’s most populous state. With clear goals, measurable targets, and specific action areas, the Blueprint demonstrates a commendable commitment to driving innovation-based economic growth. However, despite its merits, the Blueprint reveals a persistent cognitive bias toward startup-centric innovation…
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The National Reconstruction Fund Corporation has ploughed $15 million of fresh capital into Canberra-based quantum outfit QuintessenceLabs as the dominant lead investor in a $20 million round. QuintessenceLabs founder and chief executive Vikram Sharma said the funding would accelerate development of its commercial product roadmap, and to build business development capability in its major potential…
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The NSW government has launched an in-house Expert Advisory Network (EAN) aimed at reducing public sector reliance on outside consultants and making better use of existing expertise. Set up within the Premier’s department, the network consists of an initial list of 30 existing teams across the public service with specific expertise. The teams will deliver…
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TSMC said on Monday that its newly built domestic fab would add 7,000 tech jobs to the island’s economy and that it will continue to expand in Taiwan, following concern that its investment in the US will dilute its presence at home. TSMC executive vice-president and co-chief operating officer Y.P. Chyn made the comments at…
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As generative artificial intelligence (GenAI) reshapes everything from healthcare to productivity, it’s triggering a global scramble – not just for data and chips, but for electricity. Can Australia’s renewable energy resources provide a solution? In the US and Europe, data centre electricity demand is projected to grow by 400 terawatt-hours between 2024 and 2030 –…
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Elon Musk’s xAI has acquired X in a deal that values the social media platform at US$33 billion (A$52.5 billion) and allows the value of his artificial intelligence firm to be shared with his co-investors in the company formerly known as Twitter. The deal could also help xAI’s ability to train its chatbot known as…
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The Commonwealth Bank is heading offshore to get closer to the world leading technology developments – particularly in artificial intelligence – unveiling plans for a dedicated tech hub in Seattle. The Seattle Tech Hub is a combination of a centre of excellence and high-end training facility, put together to get access to expertise not available…
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Anduril president Christian Brose said the AI-powered defence startup – whose founder Palmer Luckey left Facebook over his early support of Donald Trump – has good “vibes” about the Trump administration’s shakeup of defence and willingness to do things differently. Mr Brose, who previously worked for Republican Senator John McCain, said Anduril was well positioned…
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European companies that are spending big on generative artificial intelligence need to start showing returns on their massive outlays by next year, or risk investors losing patience after they paid sky-high prices to join the market boom. AI-exposed stocks have been caught in a down-draught with broader equity markets in recent weeks as recession fears…
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Artificial intelligence company Anthropic convinced a California federal judge on Tuesday to reject a preliminary bid to block it from using lyrics owned by Universal Music Group and other music publishers to train its AI-powered chatbot Claude. US District Judge Eumi Lee said that the publishers’ request was too broad and that they failed to…
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For anyone with a passing interest in the digital economy or its associated data infrastructure, Jim Chalmers’ fourth federal Budget will be remembered as a flatliner, dead on arrival. Even taking into account the strange timing of this Budget, delivered just ahead of a election, it was an odd affair, most notable for what was…
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Reading the tea leaves on tech and innovation policy ahead of federal Treasurer Jim Chalmers fourth Budget is even more hit-and-miss than usual, given the proximity of the election. Regardless, the industry has high hopes for ambitious programs, if the stack of pre-Budget submissions are anything to go by. The wish-lists are long, with some…
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Nine European Union countries are working together to accelerate plans to boost the bloc’s computer chip industry and aim to present their proposals within months, one of the coalition’s leaders said on Friday. The coalition, which includes Italy, France, Germany, Spain and the Netherlands, is doing “homework for the new Chips Act”, Dutch Economy Minister…
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The federal government has hit pause on plans to regulate AI through the imposition of mandatory guardrails, upended by a fast moving and freewheeling Trump administration that is headed in the opposite direction. Industry and Science minister Ed Husic has been working on building regulatory frameworks for artificial intelligence since the middle of 2023. In…
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Chip giant Nvidia will open a quantum computing research lab in Boston, where it plans to collaborate with scientists from Harvard University and the Massachusetts Institute of Technology, chief executive Jensen Huang said on Thursday. Mr Huang made the announcement at Nvidia’s annual software developer conference in San Jose, where Nvidia held a day of…
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Data Centre Alley, a 30-square-mile stretch outside Washington DC and home to more than 200 data centres, consumes roughly the same electricity as Boston. So power company officials were alarmed when a big chunk of those centers – 60 of them – suddenly dropped off the grid one day last summer and switched to on-site…
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There is a point of intersection between behavioural science and cybersecurity that has become a key focus for businesses and governments working to keep customers and citizens safe. That space between trust and technology has been closely monitored by security professionals for as long as data has been accessible online. But accelerated shifts in technology…
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Treasurer Jim Chalmers will deliver his fourth federal Budget next week, and the InnovationAus.com reporting team will be inside the lock-up at Parliament House focused on industry development programs and digital transformation initiatives. As it is delivered in the shadow of a May federal election, this Budget will help shape the policy debates in the…
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