News

NRF Corporation racks up $8.7m bill before investing

The independent entity steering the $15 billion National Reconstruction Fund has racked up $8.7 million in expenses before making a single investment, as it approaches a one-year anniversary with...

Rehome growth centres to CSIRO: WA chief scientist

Australia’s Industry Growth Centres should be given a new lease of life within the CSIRO to uplift practical research outcomes in Australia, according to the longest sitting government chief...

FMiA plan risks industries ‘devoid of Australian invention’

Australia’s budding hydrogen industry will bypass local innovation for its supply chains if content requirements aren’t part of the government’s Future Made in Australia policy, green hydrogen startup Hysata...

SMEs secure $1.9m from Victorian manufacturing grants

Nine small to medium-sized manufacturers have secured $1.9 million in grants in the latest round of the Made in Victoria manufacturing growth program. The recipient businesses operate in a...

DroneShield raises $120m to fund R&D

DroneShield has raised $120 million to fund R&D for new counterdrone devices and continue its push into new markets, positioning the Australian defence technology company for future growth. The...

PwC offshoot joins sprawling aged care tech work

The federal offshoot of disgraced consultancy PwC will be paid almost $40,000 a day for the next 15 months to assist with the Health and Aged Care department’s technology...

Australia locks into Landsat with $449m

Australia will revamp a 45-year-old Alice Springs ground station and hire dozens of staff to support it over at least 15 years to ensure continued access to Earth observation...

Creating ‘pockets of value’ in the age of GenAI

Forward-looking business strategies have become more crucial than ever. The year 2023 witnessed a significant breakthrough of generative AI revolution, with the technology truly hitting the mainstream.   Following...

Big Tech giants ‘dragging their heels’ on scams

Social media giants are “dragging their heels” on scams, Assistant Treasurer Stephen Jones said on Wednesday while outlining new obligations to prevent scams and compensate victims. Mr Jones told...

AI is scaling both opportunity and risk at the ATO

AI technologies have helped the tax office raise hundreds of millions of dollars in additional revenue, but are also giving adversaries new tools to launch cyber attacks and turbocharge...