Australian economy Archives

Two tech startups are tapping into AI to help businesses lift their customer service

Apurva Chaudhry - February 10, 2023 2 MIN READ

Two tech startups, TalkVia AI and a2b Transformation have joined forces to tackle Australia’s job shortage with Generative Pre-trained Transformer (GPT)-powered digital workers for customer service roles. Queensland-based TalkVia AI streamlines customer service conversations using artificial intelligence and helps businesses engage with customers on a larger scale. Victorian tech co a2b Transformation provides businesses with… Read more »

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Australia’s massive $130bn stimulus package will pay businesses $750 a week for each worker they keep in a job

Simon Thomsen - March 30, 2020 3 MIN READ

Workers will receive $1500-per-fortnight ‘JobKeeper’ wage subsidy for the next 6 months It applies to businesses losing a minimum 30% of income (50% for revenue over $1bn) The ATO will manage the scheme through Single Touch Payroll The flat rate payment applies to people employed at March 1 (provided they are reinstated if subsequently… Read more »

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The RBA cut interest rates to a new record low and banks are cutting loan rates too

Simon Thomsen - June 4, 2019 5 MIN READ

Australia’s official cash rate now sits at 1.25% following a 25 basis points cut Three of the big 4 banks are reducing home loan rates, with CBA and NAB passing on the full 0.25% The RBA remains concerned about unemployment rising, stagnant wages growth and inflation under its target band. The cut should help… Read more »

Two tech startups are tapping into AI to help businesses lift their customer service

Australia’s massive $130bn stimulus package will pay businesses $750 a week for each worker they keep in a job

The RBA cut interest rates to a new record low and banks are cutting loan rates too

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