Future First Technologies has completed a $2.35 million call-out to investors to improve its AI-powered road maintenance systems. The company reached out to sophisticated and institutional investors for the capital raise in order to further integrate technology from Australian AI firm EagleSoft into its Asset Vision business while also expanding its sales capacity. Future First… Read more »
Whether it’s athletes on a sporting field or celebrities in the jungle, nothing holds our attention like the drama of vying for a single prize. And when it comes to the evolution of artificial intelligence (AI), some of the most captivating moments have also been delivered in nailbiting finishes. In 1997, IBM’s Deep Blue chess… Read more »
A wealth of continuous data, and the networked expertise to crunch it, has enabled South Australia to be at the forefront of AI research in preventative health. A group of research labs in Adelaide, South Australia has recently begun using a wealth of health data provided by SA Pathology to determine ways to use Artificial… Read more »
Australia’s biggest telco and data science Quantium plan to launch a joint venture business Telstra says will “unlock the potential of data and AI” for the company and its customers. Sydney-based Quantium is a global leader in using artificial intelligence (AI) to translate raw data into actionable insights. The Woolworths-backed business now operates in 20… Read more »
Clearview AI, the controversial US-based facial recognition software company co-founded by Australian entrepreneur Hoan Ton-That, has been ordered to delete all Australian images on its database following multiple breaches of the country’s privacy laws. A 15-month joint investigation by the Office of the Australian Information Commissioner (OAIC) and the UK’s Information Commissioner’s Office (ICO) into… Read more »
Graduates entering an ever-more-competitive job market are often unaware of the skills and values they offer employers. The challenge is greater with emerging job roles that require certifications and both multidisciplinary skills and specialist knowledge, even for entry-level positions. We seek to empower our graduates and maximise their career prospects. New research has enabled us… Read more »
Video analytics platform Unleash live has raised $8 million in a series A round led by tech unicorn SafetyCulture. The five-year-old tech startup’s ‘Intelligent Remote Vision’ enables companies to improve productivity and safety, as well as reducing costs by using real-time video analytics to transform visual inspections. Roger Allen’s Patagorang Investment Group was among the… Read more »
There’s a revolution under way in commerce. Within five years, the consumer data right will have transformed competition and simplified the way we live. Yet most of us know little about it, or think it is restricted to banking. It’s the brainchild of former Productivity Commission chief Peter Harris and Scott Morrison when he was… Read more »
State, territory, and federal governments have agreed to the first national data sharing program that will ease the movement of data between jurisdictions. The formation of the Australian Data Network follows an intergovernmental data sharing agreement signed by the National Cabinet in early July which commits Australian state, territorial and federal governments to share data with one… Read more »
Queensland construction and engineering conglomerate BMD Group has backed Brisbane artificial intelligence startup Octant AI, investing nearly $1 million for a 10% stake. Octant uses AI to for predictive analysis aimed at reducing uncertainty in projects to manage costs. BMD CEO Scott Power said his company had been using the tech platform in its project… Read more »
Just over a year into the Consumer Data Right (CDR) regime and Australia is now beginning to understand the competitive advantage this new world of data can offer. Designed to give consumers greater access and ownership over their own data to increase competition, CDR has first been introduced to banking, to be followed by energy… Read more »
A three-year investigation into a cyber attack that stole data from Uber belonging to 1.2 million Australia has found that the US tech company failed to act appropriately in response and paid the cyber criminals responsible a bug bounty for the breach. Privacy Commissioner Angelene Falk’s review said Uber “interfered” with the privacy of around… Read more »
Machine learning startup SourseAI has raised $1.5 million to help bosses make fewer calls based on their gut feeling. The round was led by Aligned Equity and TV and radio company Southern Cross Austereo (SCA), making its second investment in an AI-based analytics startup after backing spoken word analysis venture Sonnant earlier this year. The… Read more »
The roll out the open banking under the Consumer Data Right (CDR) is set to have a major boost 12 months after its launch with 20 Australian banks and credit unions set to join in a partnership with data fintech Adatree. July 1 marks the first anniversary of CDR and a year on, there are… Read more »
Have you ever chatted with a friend about buying a certain item and been targeted with an ad for that same item the next day? If so, you may have wondered whether your smartphone was “listening” to you. But is it really? Well, it’s no coincidence the item you’d been interested in was the same… Read more »
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