Albanese creates Office of AI so Australia can be ‘more than a data warehouse’

“We should not treat AI as a threat to good jobs, we must use it as an instrument to create them,” Prime Minister Anthony Albanese said, pledging to legislate national AI standards – including copyright protections – by early 2027. A swaggering Anthony Albanese declared Australia the best place in the world to invest in […]

Telstra national mobile outage hits transport, Triple Zero services

Telstra’s mobile services are unavailable for thousands of customers across Australia. The company says it’s aware of the problem and is working to fix it. Key Takeaways Crucial Quote   “The issue is impacting a number of nodes within our network that keep time across the mobile network, and when these nodes are not operating as expected, […]

Brandon Capital scores its biggest return ever with $2.1bn biotech acquisition

Brandon Capital led cancer therapeutics startup Myricx Bio’s $8.5m seed round in 2019. Now Novartis is buying it for up to $2.16 billion. One of Australia’s longest tenured VC firms will soon enjoy its best ever return on a single investment following Novartis’ US$1.1 billion ($1.58 billion) acquisition of London biotech startup Myricx Bio. Melbourne-headquartered […]