big tech layoff
People

Big tech layoffs free up talent for Australia

- February 3, 2023 3 MIN READ

Sudden mass layoffs at the biggest technology companies on Earth could be an opportunity for Australian organisations to fill long-standing gaps in their workforces. More than 70,000 employees have been sacked from tech giants in the past year as companies such as Google, Microsoft, and Meta – which saw enormous growth during the pandemic – are now winding back their staffing… Read more »

Venture Capital

VCs say ‘the stupid is over’ when it comes to backing Australian startups

- January 19, 2023 3 MIN READ

‘Stupid money’ is out and smart investors are looking for opportunities in the Australian startup scene, say leading venture capital partners. Speaking at the Melbourne Startup Bootcamp at Bay City Labs yesterday, Skalata Ventures cofounder and CEO Rohan Workman called out the ridiculous funding rounds that had given startup founders unrealistic expectations. “It’s a great time… Read more »

Workplace

Tech salaries look set to stall in 2023

- January 17, 2023 3 MIN READ

Tech salaries have surged in recent years, but a leading recruiter has warned that salaries are “starting to stabilise” as widespread economic challenges force companies to tweak their strategic plans and reassess their hiring requirements. Despite a continued appetite to invest in “paramount” critical technology functions – for example, infrastructure, governance, and development – many… Read more »

Max Headroom
AI/Machine Learning

Microsoft has built a new AI-based speech generator that can mimic how you talk after hearing it for just 3 seconds

- January 12, 2023 2 MIN READ

A newly developed text-to-speech language model from Microsoft can mimic a person’s speech from as little as three seconds of sample audio – but the tech giant is keeping its tech under wraps for now so it is not misused. One of Microsoft’s artificial intelligence (AI) research teams published a paper about its model for text-to-speech… Read more »

Employment, interview, job
Workplace

IT project management has a major talent problem

- January 9, 2023 3 MIN READ

The widespread talent shortage is hitting Australian IT project managers hard, with nearly three-quarters experiencing staff shortages, according to a new report. The Australian Institute of Project Management’s State of Project Management in Australia included a survey of more than 300 diverse Australian project professionals in July and August last year. Just under a quarter of… Read more »

Gaming, gamer
Other tech

Australia’s gaming sector just had a cracking year, adding nearly 800 jobs

- December 22, 2022 3 MIN READ

The Australian game development sector is enjoying rapid growth on the back of unprecedented government support, with almost 800 new jobs created in the last year alone. The Interactive Games and Entertainment Association (IGEA) released its sixth annual Australian Game Development Survey this week, revealing that the sector has more than doubled in size over the last… Read more »

dogecoin, cryptocurrency
Cryptocurrency

The RBA is gearing up for its digital currency trial – but still can’t see the point

- December 19, 2022 2 MIN READ

The Reserve Bank of Australia (RBA) remains sceptical about the need to introduce a fully digital dollar as it looks to begin an eAUD trial early next year. In a speech to a banking conference last week, Assistant RBA Governor Brad Jones said it remained unclear exactly what purpose a central bank digital currency (CBDC)… Read more »

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 »

Fintech

Payments startup Xiippy named the best in Queensland tech

- November 3, 2022 2 MIN READ

Privacy-focused payment startup Xiippy was the big winner from the River Rival pitch competition that closed out Brisbane’s Something Tech conference last week, taking out both the judge’s award for Best in Product and tying for the Best of the Best award with diabetes medicine subscription service Stripped Supply. Xiipy is encouraging retail merchants to… Read more »

Cyber security

It looks like corporate Australia’s key response to a raft of damaging data hacks is to hire more PR spinners

- November 2, 2022 3 MIN READ

Businesses are girding corporate communications teams with cyber security specialists as executives watch the cyber security disasters at Optus and Medibank play out in front of their eyes – and consider how they would manage the public fallout from a similar incident. The impact of the recent spate of breaches is evident at the ANZ… Read more »

MediBank
Cyber security

‘DISTRESSING DEVELOPMENT’: The Medibank data breach is much worse than first thought

- October 25, 2022 3 MIN READ

Medibank has reported a “distressing development” regarding its unfolding cyber incident, as “a series of additional files” received from a criminal party have been found to include detailed Medibank customer data. The health insurance provider first reported “unusual activity” on its network on 13 October – and it was initially believed no customer data had been removed… Read more »

Future of work

Report: The IT sector leans too heavily on uni degrees and needs to loosen up, says ACS

- October 18, 2022 3 MIN READ

Australian employers could resolve ICT skills shortages by winding back their expectations that candidates have university degrees, according to an extensive ACS analysis that found there are more jobs posted in ICT than any other profession except healthcare. ICT job postings increased by 14% between 2016 and 2021 and have outpaced the overall employment market… Read more »