Donald Trump is not the problem. Sure, I cant believe I wrote that either. But here we are. Oh how I long to live in uninteresting times… I mean, not really. As a middle-aged, single woman, we have never had a more privileged position than we do today. Previous centuries can get in the trash.… Read more »
Australia hands out the best part of A$1 billion per year in grants to businesses. Many of these come with no strings attached, meaning there is no need to evaluate whether the grants boost employment, help the recipients become more efficient, or benefit the nation. To test what good these grants do, my team at… Read more »
Amazon has secured a A$2 billion contract with the Australian Signals Directorate – the agency responsible for foreign signals intelligence and information security. A local subsidiary of Amazon Web Services will build a Top Secret Cloud to provide secure data storage for military intelligence. The deal will securely manage top secret data vital to Australia’s… Read more »
It’s a new financial year and that means a new round of the NSW government’s MVP Ventures Program for startup founders has opened, offering grants worth between $25,000 and $50,000. The NSW Government is offering up to $3 million a year in MVP (minimum viable product) grants until 2027. The popular early-stage grants program was… Read more »
Amazon Web Services will build a bespoke cloud environment to handle top secret Defence and intelligence data as part of a $2 billion deal with the federal government. Prime Minister Anthony Albanese and Defence Minister Richard Marles announced the partnership between the Australian Signals Directorate (ASD) and Amazon Web Services (AWS) on Thursday morning. The… Read more »
Australia’s Consumer Data Right (CDR) turned four this week, and as the fintech sector gathered at a sold out event to discuss and debate its progress and possibilities, industry lobby group the Australian Banking Association (ABA) released a massive whinge on the issue. The ABA commissioned a strategic review of open banking from consultancy giant… Read more »
The national watchdog will investigate the federal government’s contract with a major law firm to provide legal advice on its near-$1 billion PsiQuantum deal after it increased by more than 10 times in just nine months. The federal and Queensland governments earlier this year announced a $940 million investment in US firm PsiQuantum that will… Read more »
The creative destruction to workplaces wrought by artificial intelligence (AI) could create up to 200,000 jobs to replace those it also takes, according to a new report from the Tech Council of Australia (TCA). While AI has many fearful that they’ll be made redundant, the report, produced in partnership with Microsoft, LinkedIn and Workday, argues… Read more »
While ASX-listed Life360 has been a godsend to parents keen to keep an eye on the whereabouts of their children without having to stalk their TikTok accounts, a disturbing trend around GPS tracking devices has emerged in analysis of who’s buying them by the NSW Crime Commission. A large number of criminals and domestic violence… Read more »
The federal and Queensland governments have officially signed the near-$1 billion contract with US firm PsiQuantum, as newly released documents shed some light on the process leading up to the major deal. It was announced earlier this year that the federal and Queensland governments would be inking a $940 million deal with PsiQuantum for the American firm… Read more »
If startups were hoping that after 15 months in power, the NSW Labor government would finally move from cuts to investment in the sector, the state Budget, released on Tuesday, is best summed up by a line from Dante’s Inferno as they enter hell: abandon all hope, ye who enter here. Across the entire budget,… Read more »
The centrepiece of the NSW government’s business support in the 2024-25 Budget is the expansion of the Service NSW Business Bureau. However, the lack of substantial assistance to counter the rising cost of doing business has left business advocates scratching their heads. To further the reach of the Service NSW Business Bureau initiative, the government has… Read more »
You might think government debt is bad, but it actually plays a crucial role in modern finance. Back when he was treasurer, Peter Costello famously declared that April 21 2006 would be known as Australia’s “Debt Free Day”. On this day, he proclaimed, the Commonwealth would eliminate its net debt and “pay off the mortgage”.… Read more »
While Queensland is busy backing startups with a $130 million fund that’s luring NSW VCs north of the border, and Victoria is backing NSW startups to set up shop to the South, it’s been all quiet on the Macquarie Street front when it comes to state government support for startups. After a disappointing federal budget… Read more »
Australian eSafety commissioner Julie Inman Grant has dropped her Federal Court action against social media platform X (formerly Twitter), no doubt hoping the in the Administrative Appeals Tribunal will be as sympathetic to her arguments as a similar tribunal in Queensland. The change in strategy comes are X owner Elon Musk last month won the… Read more »
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