A former New Zealander worked in Australia as a lawyer, before giving it up to found an AI-powered legal tech startup, has raised a $25.5 million (US$16m) Series A\ Min-Kyu Jung was a corporate lawyer sick of the time-consuming and manual process required for contract reviews. So he left the law, taught himself to code,… Read more »
AI can be useful, but it’s a long way from being as useful as a paralegal or associate when it comes to case law, as a NSW immigration lawyer found out recently, to his detriment. The lawyer, who cannot be named, has been referred to the complaints watchdog, the Office of the NSW Legal Services… Read more »
SydneyAI startup Lorikeet has raised another US$9 million (A$14m), just four months after pocketing a $7.3 million Seed round. This time Blackbird led the round, joined by existing investors Square Peg and Kim Jackson’s Skip Capital. The raise values the business at $100 million. Lorikeet was founded in mid-2023 (originally as Optech) by US-based former… Read more »
DeepSeek, the hedge fund-backed Chinese version of OpenAI’s ChatGPT, has been prohibited on Australian government-issued systems and devices following a risk assessment by the Department of Home Affairs. Department secretary Stephanie Foster issued a Protective Security Policy Framework direction on Tuesday saying “the use of DeepSeek products, applications and web services poses an unacceptable level… Read more »
The Chinese artificial intelligence (AI) company DeepSeek has rattled the tech industry with the release of free, cheaply made AI models that compete with the best US products such as ChatGPT. Users are rushing to check out the new chatbot, sending DeepSeek’s AI Assistant to the top of the iPhone and Android app charts in… Read more »
The British feminist writer Angela Carter wrote that “Comedy is tragedy that happens to other people”. And right now, quite a few people are chuckling at a tragedy that’s befallen OpenAI amid claims that Chinese artificial intelligence startup DeepSeek “stole” the US startup’s data to train its large language model (LLM), R1. A quick recap… Read more »
A Sydney startup pioneering the use of artificial intelligence to analyse medical scans to rapidly identify potential diseases such as cancer, even before clinicians spot them, has taken on $32 million from the federal government’s signature National Reconstruction Fund Corporation (NRFC) as part of a planned $100 million+ Series C. Harrison.ai has trained generative AI… Read more »
Almost A$1 trillion (US$600 billion) was wiped off the value of artificial intelligence microchip maker Nvidia overnight on Monday, when a little-known Chinese startup, DeepSeek, threatened to upend the US tech market. While Nvidia suffered the biggest one-day loss in sharemarket history, other tech giants – Microsoft, Alphabet and Amazon, who are investing heavily in… Read more »
Chinese artificial intelligence (AI) company DeepSeek has sent shockwaves through the tech community, with the release of extremely efficient AI models that can compete with cutting-edge products from US companies such as OpenAI and Anthropic. Founded in 2023, DeepSeek has achieved its results with a fraction of the cash and computing power of its competitors.… Read more »
Surging demand for artificial intelligence (AI) has driven Telstra to upgrade its international networks, with a planned network using AI and digital twins to manage itself as the carrier chases new revenues in a stagnant telco market – and bolsters security in uncertain times. The company’s business-focused Telstra International division outlined its plans for next-generation… Read more »
Former Square Peg senior investment associate Casey Flint has made the switch to the tech side, joining AWS where she’ll focus on AI. Flint has spend the last few years exploring and unpacking artificial intelligence (AI), explaining her findings and thinking in the excellent series Artificially Intelligent. After four years at the VC, the decision… Read more »
In one of his first moves as the 47th President of the United States, Donald Trump announced a new US$500 billion project called Stargate to accelerate the development of artificial intelligence (AI) in the US. The project is a partnership between three large tech companies – OpenAI, SoftBank and Oracle. Trump called it “the largest… Read more »
Apple is temporarily pausing its artificial intelligence software’s ability to summarise notifications from news and entertainment apps, after concerns were raised over inaccuracies. Apple Intelligence’s notification summaries feature was designed to “help users prioritise and stay in the moment” by using AI technology to summarise large numbers of notifications for things such as messages, emails,… Read more »
Telecommunications giant Telstra plans to spend $700 million – $100m annually – over the next seven years to ramp up its data and artificial intelligence (AI) capabilities in a joint venture with its long-time partner Accenture. The US consultancy firm is already pouring $3 billion into its own AI capabilities and will own 60% of… Read more »
Can artificial intelligence (AI) tell whether you’re happy, sad, angry or frustrated? According to technology companies that offer AI-enabled emotion recognition software, the answer to this question is yes. But this claim does not stack up against mounting scientific evidence. What’s more, emotion recognition technology poses a range of legal and societal risks – especially… Read more »
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