Australian economy stories
Boards face mounting pressure to set AI rules now, as faster adoption is exposing Australian firms to data, workforce and security risks.
A lack of national coordination risks leaving Australia behind as other countries pour funds into chips vital to defence, AI and industry.
The Australian credit-reporting firm plans to expand staff and technology after Warburg Pincus agreed to invest, with terms undisclosed.
The name-checking service is now helping avert scam losses and mistaken payments, with more than 150 million checks completed in its first year.
Australian shoppers facing tighter budgets are being drawn to Amazon's biggest annual discount event, which covers hundreds of thousands of items.
Rising risk and cost pressures are driving demand for cloud-managed, unified security systems as councils and energy firms seek simpler protection.
The deal gives agriculture and industrial clients broader communications support as specialist agencies chase scale in policy-driven sectors.
More than 170,000 TAFE students in Victoria will gain a single platform for enrolments and administration as ageing systems are replaced.
Australian pubs are seeing extra footfall and kit purchases have surged as live matches spur late-night and early-morning spending.
Rising costs and overdue invoices are squeezing Australian SMEs, with late payments now at a six-year high, Earlypay says.
Adoption alone may not lift output, with only 5% of Australian small firms fully using AI despite two-thirds already experimenting with it.
Unemployment held above the Reserve Bank of Australia's forecast in May, keeping interest rate markets guessing despite a 40,300 jobs rebound.
Insolvencies in the industry are now more than three times the national average, as diesel, landfill levies and debt costs squeeze margins.
Higher housing and wage pressures are keeping Australian inflation too hot for the Reserve Bank to rule out another rate rise as soon as November.
Population growth and tight supply are pushing 10 suburbs towards the million-dollar mark, with Queensland and Western Australia dominating the list.
Weaker demand and rising wage costs are leaving most SMEs in a holding pattern, with few planning to add staff over the next year.
The award will send the ARM Hub founder to Stanford, bolstering efforts to push AI into Australian manufacturing and policy.
Poor data and supply chain fragility are slowing AI rollouts, with most Australian chief executives saying procurement is holding back adoption.
The board reshuffle comes as BAI expands beyond broadcast infrastructure into digital services for mining, resources and energy customers.
Its founders say the consultancy has avoided redundancies and kept growth lean, even as demand for AI transformation rises across the region.