Tech companies are always in the news, usually touting the next big thing. However, the tech news cycle recently hasn’t been dominated by the latest gadget or innovation. Instead, layoffs are in the headlines. In the last year, more than 70,000 people globally have been laid off by Big Tech companies – and that doesn’t… Read more »
People asking for exercise advice are usually looking for a simple answer. Do this over that. Do this many of that thing, for this long. Get these gains. In reality, things are never that simple. That’s certainly true for the age old question of how often one should change up one’s exercise routine. Unfortunately, there’s… Read more »
From steam power and electricity to computers and the internet, technological advancements have always disrupted labor markets, pushing out some jobs while creating others. Artificial intelligence remains something of a misnomer – the smartest computer systems still don’t actually know anything – but the technology has reached an inflection point where it’s poised to affect… Read more »
Sun Cable – considered to be the world’s biggest renewable energy export project – announced this week it had entered voluntary administration following “the absence of alignment” with shareholders. Sun Cable is expected to cost over A$30 billion. It proposes to build an enormous, 12,000 hectare solar farm in the Northern Territory, add an enormous… Read more »
If you’ve found yourself feeling a bit flat after returning to work (or outright hating your job) this year, you’re not alone. #BackToWork is trending for Australia on Tik Tok, with plenty of users lamenting the return to the office. A growing body of research also shows this feeling is pretty common. But while there’s… Read more »
If share price is anything to go by, Tesla is in trouble. The market capitalisation of the electric vehicle (EV) company has fallen by 73% from its record high in November 2021, causing concern for investors. On the face of it, there is no crisis. The cars are still the benchmark for performance. The underlying… Read more »
Financial contagions can be triggered easily, if conditions are right. First one financial institution falls and then others follow, like a chain of falling dominoes. The cinder that sparked the global financial crisis in 2007 is considered by many to have been a March 14 briefing by executives of the Lehman Brothers’ investment bank. Under… Read more »
Buy Now, Pay Later (BNPL) services have dramatically changed the landscape of personal lending, largely by being easy to access and not charging interest – thus avoiding national credit laws. In the 2021-22 financial year, according to data from the Reserve Bank of Australia, the number of active BNPL accounts in Australia rose from 5… Read more »
When cryptocurrency exchange FTX Group collapsed in the Bahamas last month, its local subsidiaries FTX Australia Pty Ltd and FTX Express Pty Ltd fell over too. The Australian companies were placed into administration on November 11 and within days the Australian Securities and Investments Commission (ASIC) had suspended the Australian financial service licence FTX Australia… Read more »
Anthony* (a friend) called a few weeks ago, deeply worried. A deputy principal of a high school in Queensland, over the past year he spent hundreds of thousands of dollars buying cryptocurrencies, borrowing money using his home as equity. But now all his assets, valued at A$600,000, were stuck in an account he couldn’t access.… Read more »
We’ve all had some kind of interaction with a chatbot. It’s usually a little pop-up in the corner of a website, offering customer support – often clunky to navigate – and almost always frustratingly non-specific. But imagine a chatbot, enhanced by artificial intelligence (AI), that can not only expertly answer your questions, but also write… Read more »
In early November, the Commonwealth Department of Infrastructure invited public comment on proposed Australia-wide “drone delivery guidelines” it has been quietly developing with industry stakeholders. A slick new website – drones.gov.au – boasts of the supposed benefits of delivery drones. It claims they will create jobs, provide cost-efficiency and be environmentally sustainable. The draft guidelines… Read more »
The world is under growing pressure to find sustainable options to cut emissions or lessen the impacts of climate change. Technology entrepreneurs from around the globe claim to have the solutions – not just yet, but soon. The biotech sector in particular is now using climate change as an urgent argument for more government funding,… Read more »
This book speaks to a disenchanted present. The heady days of internet 2.0, with its anarchic disruption, empowered prosumers, flat hierarchies and sharing economies, are well behind us now. So too is the glamour of start-ups and creative entrepreneurs, remaking the self through pure willpower while transforming capitalism from the inside out, one almond latte… Read more »
Each year, as the festive season arrives, we must also keep an eye out for potential scammers trying to ruin the fun. This is because scammers become more active during the holidays, targeting us while we have our guard down. So far in 2022, Australians have lost around half a billion dollars to scams, which… Read more »
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