Other tech

Husic gets cracking on the government’s new $15 billion ‘reconstruction’ fund for renewables, fintech, AI, robotics and quantum

- December 1, 2022 3 MIN READ

The federal government has begun the formation of its flagship $15 billion manufacturing fund, with legislation introduced to Parliament and discussions with industry to kick off next week. The National Reconstruction Fund, a key election pledge from Labor, will provide funding to tech areas including medical science, renewables and low-emission technologies, and critical technologies such… Read more »

ASX
ASX

RBA and ASIC rip into the ASX after dumping its $250 million blockchain experiment

- November 22, 2022 3 MIN READ

The Australian Stock Exchange has pulled the pin on its much-vaunted blockchain project after seven years of work and at a loss of about $250 million. The ASX has been working with tech firm Digital Asset (DA) to develop a replacement for its Clearing House Electronic Subregister System (CHESS) based on distributed ledger technology since the… Read more »

Mark Zuckerberg
Global tech

America’s pioneering tech giants are shedding 25,000+ jobs as Chinese rival TikTok looks to double in size

- November 17, 2022 3 MIN READ

More than 25,000 jobs are set to be cut at three of the biggest tech companies in the world, as rapid growth during the pandemic slows and broader economic headwinds pick up speed. Reports emerged this week that Amazon is planning to lay off about 10,000 people, on the back of Facebook parent company Meta’s… Read more »

Cyber security

A teenager is reportedly behind Uber’s latest cybersecurity breach, gaining ‘full access’

- September 20, 2022 3 MIN READ

Uber has experienced a significant cyber breach, with an 18-year-old reportedly gaining access to the tech giant’s internal systems and databases after tricking an employee. Uber on Friday confirmed it was investigating a “cyber security incident”, and that it had taken a number of its internal communications and engineering systems offline while this was taking… Read more »

Other tech

The Asia-Pacific market for Internet of Things devices is set to quadruple to $436 billion in just five years

- April 27, 2021 3 MIN READ

Internet of Things devices will soon be used to power and better manage cities’ transportation, power grids and security, with the rise of smart cities to drive unprecedented demand in connected devices. According to a new report by Frost & Sullivan on the growth of the IoT market, spending on smart cities around the world… Read more »