This Month
TikTok owner ByteDance takes early lead in race to capitalise on AI
The company has purchased enough cutting-edge Nvidia graphics processing units to build advanced AI models, according to numerous sources.
- Eleanor Olcott
- Opinion
- Cryptocurrencies
How to keep up with mainstream meme coin mania
The explosive rise of social media has already shifted the workings of politics and democracy. We are now seeing how it can move asset prices in digital assets.
- Gillian Tett
- Opinion
- Productivity
Public sector to blame for Australia’s poor productivity
Australia’s economic story has become dominated by public rather than private activity as politicians spend crazy amounts of money to buy votes.
- Christopher Joye
Synagogue attacked; AusSuper’s $1 trillion woe; Murdoch Christmas bash
Read everything that’s happened in the news so far today.
Musk raises $9b for ‘anti-woke’ AI company
xAI’s funding round signals the battle with OpenAI and Anthropic is intensifying.
- Paul Smith
How the US and China are partnering (reluctantly) to save the world
Computer scientists from the two superpowers are defying political bickering, and working together to set global ground rules to keep artificial intelligence within human control.
- Peter Guest
New AI rules for lawyers: stick to email, not legal work
Law firms have made a rapid embrace of AI, but regulators have recommended lawyers only use the technology for basic tasks.
- Maxim Shanahan
- Analysis
- Analysis
How AI is about to change, according to Altman (and what Musk will do)
Two years after he stunned the world with the launch of ChatGPT, Sam Altman says human-level artificial intelligence is almost upon us, but we don’t need to worry yet.
- Paul Smith
Khuda’s plan to turn AirTrunk into a $100b-plus company
Robin Khuda believes injecting billions into Asian economies will open more doors to exponential growth for the data centre behemoth.
- Campbell Kwan
- Opinion
- Business Person of the Year
He’s inked a $24b deal but AirTrunk’s Robin Khuda is only getting started
The AirTrunk founder, who shares the Business Person of the Year title, came from nowhere to inking the global deal of the year in nine years. But he’s not done.
- James Thomson
Intel CEO forced out as Bezos backs Nvidia rival in AI gold rush
Pat Gelsinger has stepped down after the board lost confidence in his plans to turn around the chipmaker, as its rival Nvidia soars.
- Ian King, Liana Baker, Ryan Gould, Jane Lanhee Lee and Vlad Savov
‘Dad has never done a deal like this’: Ben Weiss’ wartime buyout
The son of famed corporate raider Gary Weiss has just pulled off a deal to take an AI company private in Tel Aviv. It nearly didn’t happen.
- Paul Smith
November
Brookfield taps new chief for 100MW data centre operator
Street Talk can reveal the Canadian investment giant has tapped former STT Global Data Centres India boss Sumit Mukhija as the incoming chief executive.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Australian AI start-up wants you to complain more
Backed by Carthona Capital, Ajust is a consumer start-up that offers to fight your customer service battles on your behalf.
- Amelia McGuire
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.
- James Eyers and Lucas Baird
- Opinion
- Chanticleer
CBA’s Matt Comyn on AI: ‘Are you at the table or on the menu?’
The pace of change in the world of AI in the past year has been stunning, the CBA boss says. But there are big strategic questions for the bank to work through.
- James Thomson
- Opinion
- Investing
The magnificent seven are beginning to look average
Growth prospects for this group of US technology companies are still above average, but they’re no longer “magnificent”.
- Jonathan Levin
Dealmaker David Di Pilla’s other REIT is underwater
The capital markets darling’s DigiCo REIT will be the biggest IPO in years. His other REIT is floundering.
- Mark Di Stefano
Force big tech to pay for AI training data: Senate committee
A Senate committee has recommended the government force tech companies to pay publishers, authors and artists for content used to train their bots.
- Tess Bennett
PwC wants to slash the time it takes to comply with regulations, laws
The consultancy firm has developed a service that aims to dramatically speed up the time-consuming process of mapping a company’s legal obligations.
- Edmund Tadros
