Australians lost over $37m to romance scams in 18 months. Political focus on datacentre environmental costs and One Nation's appeal. Global news includes UK PM Starmer's potential resignation, Iran-US peace talks suspension, bird flu on Australian mainland, and exam leaks in India.
Australians lost over $37m in romance scams, prompting questions about bank and dating app liability. Concerns rise over the environmental impact of Australia's growing datacentre industry. UK PM Keir Starmer is reportedly poised to step down, potentially paving the way for Andy Burnham. Iran suspends peace talks with the US after Trump's threats.
Australians lost over $37m to romance scams in 18 months, raising questions about bank and dating app responsibility. Concerns also arise over the environmental cost of Australia's growing datacentre industry. Meanwhile, UK PM Keir Starmer is reportedly poised to step down.
Australia is experiencing a datacentre boom, with plans for massive facilities like the one on Mamre Road, Sydney. While promising economic growth and productivity, concerns linger about power and water consumption, job creation, and the broader implications of AI.
Australia is experiencing a datacentre boom, with plans for a "hyperscale" facility in Sydney. While promising economic growth and productivity, concerns exist regarding power and water consumption, potential electricity price hikes, and job creation.
The UK government has announced a £1.1bn investment in AI hardware, aiming to foster domestic chip companies. Alongside this, new measures will compel big tech firms like Apple and Google to block child nudity online, with potential criminal liabilities for non-compliance. Future actions may include an under-16 ban on high-risk social media apps.
China's AI sector is not experiencing the same economic boost as the US, facing significant challenges including restricted access to crucial chips, according to Nomura's chief China economist Lu Ting. He highlighted the US's well-developed capital markets and greater ease in raising funds for AI companies, contrasting it with China's difficulties in acquiring necessary technology due to international restrictions.
OpenAI faces pressure to monetize ChatGPT for a potential IPO, contrasting with earlier grander visions. Rivals like SpaceX and Anthropic are pursuing IPOs, while Alphabet invests heavily in AI infrastructure. Financial analysts question OpenAI's valuation and readiness, noting shifts in its strategy and public statements.
Earlier this week, five people who touch every layer of the AI supply chain sat down at the Milken Global Conference in Beverly Hills, where they talked with TechCrunch about everything from chip shortages to orbital data centers to the possibility that the whole architecture that undergirds the tech is wrong.
