16 result(s) for “Technology”
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.
A new Memorandum of Understanding signed on October 20 commits Australia to a long term partnership on digital, critical technology and telecommunications in Papua New Guinea, creating opportunities for Australian suppliers while raising questions about financing, competition and security oversight.
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.
The collapse of Firmus Technologies’ planned ASX float has forced the company to seek private funding and overseas listing options, exposing investor unease about high valuation bets on AI infrastructure and creating immediate fallout for local contractors and the market for large listings.
Nvidia backed data centre operator Firmus has withdrawn its planned ASX initial public offering after weak investor demand, forcing the company to seek private funding and leaving Australian regional projects and contractors to reassess prospects.
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.
Major Australian business groups and universities on October 7, 2026 expressed sharp concern about the Coalition’s newly announced plan to sharply reduce net overseas migration, saying it risks labour shortages, weaker economic growth and damage to sectors that rely on international students and skilled migrants.
Major Australian asset managers are cutting exposure to domestic stocks and reallocating to overseas markets as higher interest rates and a deepening housing slump weigh on the ASX. The move poses fresh risks for local companies seeking capital and could deepen the disconnect between Australia and global markets.
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.