Australia Proposes Fines for Big Tech Under New Digital Competition Law
Australia is taking a bold step to tackle anti-competitive practices by proposing a law aimed at making it easier for consumers to switch between digital services and curbing the influence of major technology companies. Under the proposed legislation, global tech giants could face fines up to $50 million if they suppress competition or employ tactics […].
Inquiry Calls for Government Regulation of High-Risk AI Applications
The federal government has been urged to regulate “high-risk” uses of artificial intelligence (AI) as part of a series of recommendations from a Senate inquiry on AI adoption in Australia. The inquiry, conducted by the Select Committee on Adopting Artificial Intelligence (AI), delved into the potential opportunities and impacts of AI technologies on the Australian […].
Improved Data Access at UnitingCare Queensland
UnitingCare Queensland, a leading provider of health and community services, is significantly enhancing its capabilities to improve access to data and quality-of-care outcomes across its network of hospitals and aged care facilities. With a workforce of approximately 26,500 staff and volunteers, UnitingCare Queensland operates four private hospitals and 47 residential aged care facilities, making the […].
ICBC Subsidiary Settles with SEC in Wake of Ransomware Attack
The U.S. Securities and Exchange Commission (SEC) has reached a settlement with a subsidiary of the Industrial and Commercial Bank of China (ICBC), ICBC Financial Services, concerning charges related to a ransomware attack that occurred in November 2023. The charges were based on the failure of the New York-based firm to keep its financial records […].
Muted Influence: Meta Evaluates GenAI’s Role in Recent Elections
Despite widespread concerns that generative AI could disrupt major elections around the globe, Meta Platforms reported that the technology had only a limited impact on its platforms in 2024. Nick Clegg, Meta’s president of global affairs, addressed these concerns during a press briefing, emphasizing that coordinated efforts to spread propaganda or false information on Facebook […].
New AI Servers Announced by AWS to Boost Performance
Amazon Web Services (AWS) has made a bold move in the AI hardware market by unveiling its latest data center servers powered by its proprietary Trainium2 chips. This development represents a direct challenge to Nvidia, the current leader in AI chip technology, and signals AWS’s growing ambition to carve out a significant share of this […].
Gov Lays Foundation for Zero Trust Cybersecurity Strategy
The Australian federal government is making a decisive move toward implementing a zero trust cyber security model, signaling a shift in how departments and agencies approach digital security. This initiative is outlined in a consultation paper released by the Department of Home Affairs and represents a foundational step in embedding a whole-of-government zero trust culture. […].
Cloud Optimisation Fuels CBA’s Knowledge Access Innovations
Commonwealth Bank of Australia (CBA) has taken a bold step in optimizing its cloud operations by deploying an AI-powered assistant designed to provide engineers with bank-specific answers to cloud-related configuration issues. This initiative, unveiled at AWS’ annual re:Invent conference in the United States, leverages AWS’ re:Post Private—a centralized knowledge base integrated with Amazon Bedrock’s generative […].
Scalable Expansion on the Horizon for Austroads’ Digital Trust Service
Australians are on the verge of a significant leap in digital identity verification with the launch of the beta version of the National Digital Trust Service (DTS) by Austroads. This innovative system will allow individuals to prove their identity both domestically and internationally for various applications, including driving licenses. Developed in partnership with identity technology […].
Unlocking Business Growth: 3 Ways High-Performance Data Centers Deliver Results
Unlocking innovation and sustainability through high-performance data centres is a crucial strategy for today’s technical leaders. CIOs, CTOs, and other executives often come from diverse professional backgrounds, each with unique priorities. However, they share a common challenge: the need to focus on core business objectives rather than managing the complexities of a data centre. This […].
How to Become a Dive Instructor
Have you ever felt the magic of the underwater world? It’s a feeling unlike any other. Imagine turning this passion into a career, where every dive is a chance to share this wonder with others. Becoming a dive instructor is more than just getting a PADI certification. It’s about living a life filled with scuba […].
Secretly Setting Up Facial Recognition on Your iPhone
In today’s digital age, protecting personal information is more important than ever. With biometric security becoming a cornerstone of smartphone technology, learning how to add facial recognition to iPhone in secret can offer an extra layer of security while ensuring privacy. This guide provides a comprehensive walkthrough for setting up Face ID discreetly, maintaining a […].
200 Lightspeed Employees Affected by Second Restructuring in 2023
Montréal-based Lightspeed Commerce, a prominent player in the e-commerce and point-of-sale industry, is undergoing significant changes as it lays off approximately 200 employees in its second restructuring effort this year. These layoffs are part of the company’s broader strategy to streamline operations and focus on its most promising areas of growth, specifically targeting profitable market […].
British Columbia Allocates $9.2 Million to Climate, Health, and Nutrition-Focused Projects
Two key innovation organizations in British Columbia (BC) are investing a combined total of $9.2 million in groundbreaking projects across the cleantech and life sciences sectors. The BC Centre for Innovation and Clean Energy (CICE) is contributing $7.7 million to 13 projects, with funding dedicated to addressing challenges in wildfire technology and climate change-related innovations. […].
Tenstorrent Achieves $2.6 Billion Valuation with Nearly $700 Million Series D Round
Tenstorrent, a cutting-edge artificial intelligence (AI) hardware company with Canadian roots and a current base in the United States, has successfully raised more than $693 million USD in its Series D funding round. This substantial financial infusion comes from a high-profile group of investors, including Jeff Bezos’s investment firm and global electronics giant Samsung. With […].
Undisclosed Number of Questrade Employees Affected by Recent Layoffs
Toronto-based online brokerage and wealth management firm Questrade Financial Group, a prominent player in the Canadian financial services industry, has recently enacted layoffs, although the exact number of employees affected has not been publicly disclosed. This development was first reported by The Canadian Press and subsequently confirmed by BetaKit, sparking interest within the industry. Questrade, […].
Bitcoin Theft Worth $308 Million Leads to Closure of Japanese Crypto Platform
DMM Bitcoin, a well-known cryptocurrency exchange in Japan, has announced its closure less than six months after it became the target of a devastating cyberattack that saw hackers steal over $300 million worth of digital assets. The company revealed on Monday that it would be transferring all customer accounts and assets to SBI VC Trade, […].
Next Threads Update Brings Search Feature to Help You Find Posts
Threads, Meta’s social media platform, is rolling out a significant update to its search functionality, which will be available globally over the next few weeks. This update is designed to give users greater control over their search experience by allowing them to filter search results based on specific profiles and within designated date ranges. The […].
Next Threads Update Brings Search Feature to Help You Find Posts
Threads, Meta’s social media platform, is rolling out a significant update to its search functionality, which will be available globally over the next few weeks. This update is designed to give users greater control over their search experience by allowing them to filter search results based on specific profiles and within designated date ranges. The […].
Microchip Technology Slashes Revenue Forecast and Closes Arizona Factory
On December 2, Microchip Technology (MCHP.O) announced a significant reduction in its third-quarter revenue forecast, as well as the impending closure of its wafer manufacturing facility in Tempe, Arizona, marking a pivotal move in the company’s restructuring strategy under interim CEO Steve Sanghi. The decision comes as the company navigates a series of challenges, particularly […].