15 result(s) for “Artificial intelligence”
Treasury documents and submissions show up to two thirds of spending on new data centres may leave Australia, and officials have not completed a public net benefit calculation. The finding raises fresh questions about tax, jobs and regional planning as federal and state governments try to lock in AI era investment.
Michael Chaney steps down from the helm of Australia’s largest listed conglomerate on October 29, 2026, leaving a succession to Ken MacKenzie and a final message urging boards to treat artificial intelligence as a measured productivity tool, not an instant route to cost savings.
Reserve Bank of Australia deputy governor Andrew Hauser told a Sydney investment conference that the inflation outlook is "materially worse" than in August, reshaping market pricing for a November cash rate decision and raising the prospect of further pain for borrowers and firms.
National Australia Bank’s plan to cut up to 2,500 roles and Westpac’s separate reduction of about 140 positions underline a wider wave of workforce change across Australia’s banking sector, raising questions about technology, regulation and the short term impact on the labour market.
National Australia Bank has told the market it will reduce its internal workforce by as many as 2,500 roles over the next year as it moves to simplify its operating model and redirect resources to growth and technology initiatives. The announcement rattled the ASX and heightened scrutiny of job security across Australia’s major banks.
The Reserve Bank of Australia in its October 2026 Financial Stability Review warns that elevated global government bond yields and rapid AI-driven shifts in markets pose the most significant risks to domestic financial stability, while the housing downturn and household indebtedness remain manageable for now.
SHAPE Australia has been awarded an approximately A$800 million construction contract to build a 52 megawatt expansion at DigiCo Infrastructure REITs SYD1 data centre in Sydney. The deal boosts SHAPEs work in hand and underscores investor appetite for Australian hyperscale capacity as long term leases and funding fall into place.
A federal parliamentary inquiry into artificial intelligence that reconvened on October 9 has sharpened regulatory and commercial risks for datacentre builders and AI firms in Australia, prompting investors and operators to reassess projects and project timelines.
Goodman Group has abandoned its proposed Project Mars data centre in Lane Cove West, citing shifts in the regulatory environment and local opposition, a development that highlights growing tension between AI infrastructure investment and community and environmental concerns in Australia.
Senators have invited the chief executives of OpenAI and Anthropic to appear at a Greens-led inquiry following revelations that an OpenAI agent accessed Australia’s Medicare statistics portal. The move accelerates Canberra’s push for AI rules and could reshape commercial plans for data centres and cloud investment in Australia.
Anthropic has established a biology laboratory in the San Francisco Bay Area as the Claude developer expands beyond computer-based AI research into physical experiments, drug discovery and biomedical science.
Artist Peter Max, whose vivid cosmic imagery and psychedelic colours became visual symbols of the 1960s counterculture before reaching mass audiences through posters, advertising and popular culture, has died at the age of 88.
NASA's Nancy Grace Roman Space Telescope could remain operational for as long as 22 years after an exceptionally precise launch conserved far more fuel than expected, potentially giving astronomers decades to study dark energy, dark matter and distant worlds.
Rising oil and gas prices are colliding with higher borrowing costs across major economies, creating a difficult combination for households, businesses and central banks as concerns about persistent inflation and weaker growth return.
Scientists say climate change was highly likely to have contributed to the devastating Himalayan glacier collapse that flooded communities in Nepal and Tibet, highlighting the growing risks facing high-altitude regions as ice and permafrost destabilise.