News

‘We reject a regulatory wild west’: Opposition backs AI rules

Shadow industry and innovation minister Alex Hawke says the government must intervene to address AI challenges, including putting guardrails around high-risk use, to avoid a “regulatory wild west”. But...

Huawei hypes long-range chip plans in challenge to Nvidia

Huawei outlined its long-term chip plans for the first time on Thursday and said it would launch the world’s most powerful computing clusters – underscoring China’s drive to wean...

Canberra tips $5b into industrial Net Zero push

The Albanese government has unveiled a $5 billion Net Zero Fund to accelerate industrial decarbonisation and scale up low-emissions technologies across heavy industries, backing up an ambitious emissions target...

SERD review paper highlights super gap in R&D investment

Australia’s $4.2 trillion superannuation pool has been highlighted as a potential source of much-needed capital for early-stage innovation, with a new government issues paper pointing to the current system’s...

UNSW inks enterprise deal with OpenAI

UNSW has signed an agreement with OpenAI for 10,000 ChatGPT Edu licences for staff to use in research, teaching and operations. Financial terms were not disclosed. The agreement with...

Australian ambition must include local AI models: Charlton

Australia should be ambitious about creating local AI models and building the tools and applications that will run on them, assistant minister for Science, Technology and the Digital Economy...

Fintech’s $22b impact sparks push for smarter regulation

Australia’s fintech industry is entering what its leaders describe as a pivotal moment, as new Deloitte research putting the sector’s contribution at more than $22 billion annually — around...

DroneShield surges past 4,000 systems sold with new US DoD orders

ASX-listed counter-drone company DroneShield on Wednesday announced two new contracts worth A$7.9 million with the US Department of Defense, pushing its global deployment past 4,000 systems. The orders cover...

Govt pumps $1.1bn into clean fuels take-off

Australia’s emerging low carbon liquid fuels industry is set to start producing ‘drop in’ alternatives to fossil fuels like sustainable aviation fuel and renewable diesel by the end of...