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    Amazon effect

    This Month

    PsiQuantum’s co-founders Jeremy O’Brien and Terry Rudolph are confident they will win bipartisan support in Australia.

    PsiQuantum in talks for bipartisan support but Coalition not swayed

    PsiQuantum is confident of winning over sceptical politicians by highlighting its backing from both major parties in the US, where it has defence contracts.

    • Tess Bennett

    Amazon posts strong cloud unit sales on rising AI demand

    The e-commerce company’s operating income more than tripled as Amazon Web Services and adverts provided a boost.

    • Camilla Hodgson

    April

    The rise of debt has fuelled global inequality, contributing to a slump in productivity and restricting economic growth.

    How government debt could blow up the global financial system

    As Western governments shy away from debt reduction and structural reform, investors must reassess their view of “safe” assets.

    • John Plender
    The Google Cloud data centre in Germany.

    Booming AI demand threatens global electricity supply

    Tech chiefs warn that power-hungry data centres are a bottleneck in developing artificial intelligence. Some of them are looking at developing their own electricity supply.

    • Camilla Hodgson
    Sissie Hsiao from Google Assistant and Bard, left, during the Fortune Brainstorm AI conference in San Francisco late last year. Companies are struggling to evaluate the revolving technology.

    Speed of development making it hard for firms to invest wisely in AI

    Whether assessing safety, performance or efficiency, the groups tasked with stress-testing AI systems are rushing to keep up with the state of the art.

    • George Hammond
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    The imminent announcement of the supermarkets’ third-quarter results will focus on political pressure as much as sales figures.

    Political brawls sweep the supermarket aisles

    Supermarkets are once again an appealing target for politicians wanting to demonstrate their good intentions on helping consumers with cost-of-living pressures.

    • Updated
    • Jennifer Hewett

    March

    ACCC chairwoman Gina Cass-Gottlieb. The competition regulator is considering whether to recommend the government force Meta to the negotiating table.

    The ACCC is asking news outlets if they can live without Facebook

    The competition regulator, in letters to major media groups, has sought details about how they make money from and deal with Meta, the platform’s operator.

    • Sam Buckingham-Jones
    Shein and Temu were both founded in China and are rapidly expanding overseas, including in Australia.

    From nothing to $1b: Inside Temu and Shein’s flying start in Australia

    The fast fashion group and Temu, an ultra-cheap marketplace, are rewriting the rules of retailing as shoppers flock to their low-cost platforms.

    • Nick Bonyhady and Carrie LaFrenz
    Digital minion s

    I hired an algorithm to help me shop. Here’s what happened

    Computer algorithms are taking over the business of buying and selling products online.

    • Marek Kowalkiewicz
    Amazon leverages AI for logistics and  product recommendations.

    Amazon books losses on $6b Aussie sales as retail and cloud boom

    The US tech giant’s local online retail and cloud computing businesses are both printing money, with 20 per cent year-on-year growth, but it is still booking losses, newly published accounts show.

    • Tess Bennett
    Meta CEO Mark Zuckerberg.

    Megacorps are the 21st century’s great threat

    Labor minister and economist Andrew Leigh argues that companies as big, financially, as nations are a danger to consumers and their employees.

    • Andrew Leigh

    February

    Home of the cloud: Macquarie Park Data Centre owned by Macquarie Technology.

    Data centres are hot property - and not just for the returns

    Macquarie Technology CEO David Tudehope says data centres are not just good investments, they will allow Australia to participate in the entire AI value chain.

    • Jennifer Hewett
    Snap

    Tech layoffs roil industry as US job losses reach 32,000

    Snap has become the latest example, announcing that it will reduce its workforce by 10 per cent, or about 540 employees.

    • Antonia Mufarech

    January

    White-collar jobs tumble, but shares soar as investors back AI future

    Australian staff are likely to make up some of the 8000 jobs software giant SAP says will be affected by an AI-driven global restructure, as its shares hit a record.

    • Paul Smith
    Sissie Hsiao, vice president and general manager of Google Assistant and Bard (left), during the Fortune Brainstorm AI conference in San Francisco last month.

    Investors to look for AI-powered gains during big tech earnings season

    Enthusiasm for tech giants has accelerated thanks to hype around generative AI, systems that can spew out humanlike text, images and code within seconds.

    • Tabby Kinder
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    The EU has already hit Google with two of the largest competition penalties it has ever issued.

    What happens if antitrust enforcers beat big tech?

    The onus is on enforcers and the lower courts to find meaningful ways to increase competition in sectors such as social media, online advertising and ecommerce.

    • Updated
    • Brooke Masters

    November 2023

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    Managers worry staff have a second job on the sly

    I’ve never imagined I could take advantage of the freedom to work remotely to get another full-time job on the sly. But apparently it’s a thing.

    • Pilita Clark
    Greg Foran last year, as chief executive of Air New Zealand.

    How ‘the world’s greatest retailer’ was passed over for CEO

    Greg Foran went from Woolworths to a senior job at Walmart, where he was caught in a power struggle between its traditional and digital arms.

    • Jason Del Rey
    Cast and writers from “Breaking Bad” and “Better Call Saul” on a picket line outside Sony Pictures studios.

    Hollywood actors end multibillion-dollar strike

    George Clooney and other stars lent support to the months-long work stoppage, which resulted in studios pulling movies and losing billions of dollars in ticket sales.

    • Brooks Barnes, John Koblin and Nicole Sperling
    Venture capitalist Marc Andreessen in 2016.

    A tech venture capitalist’s manifesto to save the world

    Internet pioneer Marc Andreessen, who helped create Facebook, Twitter and LinkedInk, has published what critics call a 5000-word rant. It deserves respect.

    • Aaron Patrick