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News
NSW government proposes a $150 million fund to coinvest in uni research commercialisation
4+ day, 6+ hour ago (369+ words) NSW treasurer Daniel Mookhey announced the fund at the Sydney Investment Summit today. It will kick off in FY2028, should the government be reelected. It will coinvest alongside universities, which have a strong startup creation culture, including UNSW Founders, UTS Startups,…...
Where's AI headed? Media theorists from 60 years ago give us some clues from the TV revolution
1+ week, 5+ day ago (874+ words) Television was radically altering the media environment, and nobody was quite sure how to think about it. As the world struggles with the impact of another new high-tech medium – generative artificial intelligence (AI) – two thinkers from that era have acquired…...
IVF startup GonGlobal raises $1.2 million for needle-free treatments
1+ week, 5+ day ago (282+ words) One of the many tough experiences women face while undergoing IVF treatment is the countless drug injections required to improve fertility. Biotech startup, GonGlobal, is hoping to change that after raising $1.2 million to develop a new form of IVF treatment....
Treasury estimates AI will boost productivity by just 1.2%, but also have a ‘profound’ impact on jobs, as well as interest rates
1+ week, 6+ day ago (902+ words) These are among the conclusions of a detailed analysis of the economic implications of AI prepared by Treasury for Treasurer Jim Chalmers. As of March, Australia had 162 operational data centres. Another about 130 centres are proposed, taking Australia to nearly 300 operating…...
RBA points to AI mania as another inflation driver that could push up interest rates
3+ week, 4+ day ago (612+ words) Borrowers are being warned interest rates will have to be raised again if the Middle East conflict or the AI boom push inflation up higher than expected. Reserve Bank deputy governor Andrew Hauser singled out the two risks to inflation…...
'Aussie AI': assistant tech minister wants the data centre push to deliver higher up the 'value chain"
3+ week, 6+ day ago (610+ words) In a lecture to be delivered at the ANU Crawford School Tuesday titled “Why Australia Needs to Turn Compute into Sovereign AI”, Charlton argues Australia needs to leverage its data centre advantage and translate that into benefits and growth for…...