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Business IT

This Month

Some business leaders say decisions made using AI could be hard to justify in an inquiry or court.

Why execs don’t trust AI with big decisions yet

A year after the launch of ChatGPT, businesses dabbling with generative AI aren’t convinced the technology would hold up under the intense scrutiny of a senate inquiry or lawsuit.

  • Tess Bennett

November

Home Affairs Minister Clare O’Neil.

Government turns around its Optus cyber debacle

Clare O’Neil’s cyber strategy is a strong first step to raising national standards, tackling plenty of areas where businesses need help, and leaving room for further reform.

  • Paul Smith
Atlassian co-CEO Scott Farquhar,

Scott Farquhar’s 100-year plan for Atlassian to keep building

Atlassian’s shares plunged after quarterly earnings losses last week, but Scott Farquhar says he is ‘jazzed’ at the growth opportunities in the AI era.

  • Paul Smith
Scott Farquhar, co-CEO and co-founder of Atlassian, will announce the acquisition of AirTrack on Wednesday.

Atlassian buys Melbourne software firm, advances AI push

Hot on the heels of the biggest acquisition in its history, Atlassian has bought Melbourne-based software developer AirTrack.

  • Paul Smith

October

Member for Bennelong Jerome Laxale and Federal Minister for Industry and Science Ed Husic tour the Institute of Applied Technology learning centre during a Microsoft press conference at Meadowbank TAFE.

Microsoft alliance opens door to private spending on national security

Former national cybersecurity adviser Alastair MacGibbon says the government cannot hope to fight off cyber threats without big-money private operators.

  • Tess Bennett
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September

ASIC chairman Joe Longo.

ASIC to target boards, execs for cyber failures

The corporate regulator has put Australian business on notice that it will begin seeking punishments for hacked companies that hadn’t put sufficient protections in place.

  • Updated
  • Paul Smith and Ronald Mizen

August

Optus CEO Kelly Bayer Rosmarin has spoken publicly numerous times about lessons learned from the data breach.

Optus hack secrecy leaves questions of competence hanging

It is almost a year since Optus’ big data breach. The telco has decided to keep secret the findings of the independent review it said would help rebuild customers’ trust.

  • Paul Smith
Richard White said WiseTech never bought into the “silliness” in the job market.

Tech workers take $20,000-plus pay cuts as fired talent floods market

Salaries exploded during the pandemic as cashed up companies threw money at skilled workers, but recruiters and CEOs say job cuts have made the job market tougher.

  • Tess Bennett
Adam Bennett says he is confident that Suncorp can successfully excise its banking division, and still expects ANZ’s acquisition to get approval.

Suncorp tech almost ready for aborted ANZ split

Suncorp’s technology chief says he is hopeful the ACCC’s rejection of ANZ’s acquisition will be overturned, as the hard yards to separate its banking tech systems has been done.

  • Paul Smith

July

SAP Australia managing director Damien Bueno

SAP invests in new Aussie facility to target critical infrastructure deals

The Australian arm of German software giant SAP has opened a new sovereign cloud computing facility, at an undisclosed location, to meet increased demands from government agencies and some companies.

  • Tom Burton
Microsoft boss Satya Nadella,

Why bosses will pay a premium for Microsoft’s ChatGPT tools

The premium price for Microsoft’s AI-based Copilot product looks cheap, if it can deliver on its productivity promises, bosses say.

  • Tess Bennett
Businesses of all sizes need to work together and share intelligence to fight cyber threats.

Staying ahead of cyber risks and surviving a hack

A playbook for safeguarding businesses

June

NAB and CBA look to India to build AI powers

The major banks are looking to hire thousands more staff in Delhi and Bangalore in a shift away from relying on external IT suppliers like IBM and Infosys.

  • Paul Smith and James Eyers
PwC has disclosed it was hit by a cybersecurity breach.

Australian fallout from massive cyber breach that caught PwC set to grow

Experts expect other Australian businesses and organisations will reveal they have been caught up in the hack on a file sharing service for sensitive documents.

  • Nick Bonyhady
UBS says some companies ave already positioned themselves well to benefit from the boom in generative artificial intelligence.

Woolies and Telstra among leaders as UBS analyses global AI stars

New research from the investment banking giant has revealed a dramatic surge in companies trying to adopt generative AI, with some better positioned to capitalise than others.

  • Paul Smith
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NAB chief technology officer Patrick Wright.

NAB tech chief’s cyber warfare plan

NAB tech boss Patrick Wright says more mandates on the private sector to be cyber secure are needed, and that debate about banning ransom payments to hackers harms national efforts.

  • Updated
  • Patrick Wright
Minister for Industry and Science Ed Husic speaks about AI.

Plan to stop AI threats applauded but calls for urgent funding

AI leaders say a federal promise to govern harmful development and encourage innovation is the correct approach, but is woefully underfunded.

  • Paul Smith

May

Reveal Group CEO Ian Crouch.

Staff and clients ‘left hanging’ as ex-NAB exec’s tech business collapses

Reveal Group, a well-established Aussie tech company collapsed into liquidation in March sacking local staff, but its founders continue to run it as US company from New York.

  • Paul Smith
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IAG Chief Operating Officer Neil Morgan

IAG’s bot workforce saved it 150,000 hours a year

The insurer is aiming to expand its automation program to eliminate 500,000 working hours a year by 2026, as part of a big-money tech upgrade.

  • Tess Bennett

April

Dave Stevens, Founder and Managing Director of Brennan IT

Tech pioneer seeks 400 workers as it eyes IPO

Brennan, a 26-year-old Australian IT services company, is recruiting 400 technology professionals, as part of a growth push that includes a possible IPO.

  • Tess Bennett