Australian, Nasdaq-listed neocloud Sharon AI is hiring staff and looking to raise capital for a data centre campus in regional New South Wales, to be delivered by a mysterious “affiliated venture.” In September Australian neocloud Sharon AI confirmed it had bought a retired paper mill in Albury, a regional city between Sydney and Melbourne. It […]
While NextDC reels from a costly delay to a flagship campus, Robin Khuda’s AirTrunk has secured a fresh batch of billions.
Canva has debuted its first foundation model, called Craft, which competes with image generation tools from OpenAI, Google and others. Canva on Friday released Craft, a foundation model that outperforms competition from Google, Elon Musks’s xAI and Microsoft while allowing the design giant to more cheaply offer its own AI wares. Canva began building Craft […]
National Australia Bank will eliminate up to 2,500 roles by the end of the 2027 financial year, represent 6 per cent of the bank’s total workforce. National Australia Bank will cut up to 2,500 roles in an internal restructure it says will help it cope with a tough economy and rapid technological change. NAB expects […]
The “AI factory” developer, founded by Oliver Curtis and Tim Rosenfield, attempted to hit the ASX later this month with a market value of over $40 billion. Investors balked.
Nvidia and Oracle stock fell on Thursday afternoon after a report that OpenAI’s annualized revenue as of September was around $20 billion lower than prior estimates.
The AI giant told a parliamentary enquiry that it is finalising an arrangement for Australian safety researchers to evaluate its latest and greatest (and most threatening) models.
Musk first hit trillionaire status briefly in June.
The economy is slowing but inflation remains persistent, the Reserve Bank of Australia stated today. The cash rate is now 4.60 per cent, the highest since 2011. Mortgages are about to become even more expensive, the RBA announced today as it bumped the cash rate 25 basis points to 4.60 per cent – the highest […]
Leaders in artificial intelligence have called for a slowdown to AI development amid fears the technology could lead to human extinction.