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    AI

    Today

    It is reasonable to assume AI’s biggest impact in the near future will come from automating some tasks.

    Don’t believe the artificial intelligence hype

    Economic theory and the available data justify a more modest, realistic outlook for productivity gains from AI.

    • Daron Acemoglu

    This Month

    Appen chief executive Ryan Kolln.

    ‘Asleep at the wheel’: Appen shareholders vent frustrations

    Long-suffering shareholders of the data service company have delivered a 19 per cent vote against the company’s remuneration report at its AGM on Friday.

    • Tess Bennett

    American chatbots: oversexed, overhyped and over here

    In just two weeks, Microsoft, OpenAI and Google have each previewed AI chatbots that critics say are as dangerous as they are impressive.

    • John Davidson
    The most widely known victim of pornographic deepfake images is Taylor Swift.

    Tech industry pushed to shut down market for sexual AI deepfakes

    Joe Biden is pushing the tech industry and financial institutions to shut down a market of sexual images, many of celebrities, made with AI technology.

    • Matt O'Brien and Barbara Ortutay
    Computer programs seem to have created an image of Jesus as a shrimp, which spread across social media.

    The truth behind the dead internet theory

    Up to half of all internet traffic could be driven by bots, where computer programs generate posts that are liked or reposted by other programs.

    • Jake Renzella and Vlada Rozova
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    William Raduchel: “China is run by engineers. The US is run by political lawyers. If you’re on a rocket ship, you’d rather have the engineers running the rocket ship.”

    ‘China is run by engineers, US by political lawyers’: Tech pioneer’s warning

    As senior exec at AOL and Sun, William Raduchel spent 60 years at the forefront of the tech revolution - and once dated Janet Yellen. Here’s what he’s learnt.

    • Nick Bonyhady
    Sukhinder Singh Cassidy has delivered on her rule of 40 goal.

    The ASX tech giant surging without jumping on gen AI bandwagon

    ASX companies are scrambling to show they too have a generative artificial intelligence halo. But one of our hottest tech stocks is being far more measured. 

    • James Thomson
    “The next industrial revolution has begun,” Nvidia’s CEO Jensen Huang said on Thursday.

    Investors bet that Nvidia will leave Magnificent Seven rivals behind

    Another stunning result from the US chipmaker has prompted calls that Nvidia is on its way to becoming the largest company on the planet, leaving the other tech giants in its wake.

    • Alex Gluyas
    Nvidia chief executive Jensen Huang keeps delighting the market.

    Nvidia’s share price is about to plummet, but it’s all part of the plan

    Nvidia boss Jensen Huang knows this is his moment, and he’s capitalising on surging demand for his AI chips and his white-hot shares.

    • Updated
    • Paul Smith and James Thomson

    NSW pays to keep coal firing | Nvidia’s share price is about to plummet | Sunak’s election gamble

    Read everything that’s happened in the news so far today.

    • Updated
    News Corp has announced its deal to sell Move, Inc. is off.

    News Corp strikes lucrative content deal with OpenAI

    The Wall Street Journal said the deal could be worth more than $377 million as the rise of generative AI tools is poised to transform the publishing business.

    • Gerrit De Vynck
    Jensen Huang, co-founder and CEO of Nvidia, has reiterated his enthusiastic outlook for AI.

    Nvidia forecast shatters estimates as AI boom stays strong

    The chipmaker at the centre of the artificial intelligence boom also says it will lift its quarterly dividend by 150pc and will split its stock 10-for-1.

    • Ian King

    APRA warms to AI, tells banks they can adopt it

    A senior APRA member has told an industry event that banks with proper governance systems and technology in place should feel confident proceeding with advanced AI.

    • James Eyers
    Capgemini CEO Aiman Ezzat says his team has 400 generative AI projects on the go, and another 1600 in the works.

    ‘How to get fit’: 400 AI projects under way as consultants start having fun

    Cost avoidance has turned into cost transformation, as CEOs reshape business models to be ready to capitalise when growth return.

    • Anthony Macdonald
    ASIC Chairman Joe Longo says Australia’s regulatory framework is inadequate for the emerging AI era.

    Corporate regulation is not as bland as AI thinks: Longo

    ASIC asked a generative AI program to summarise reams of documents as a test. The results were more boring than the originals.

    • Tess Bennett
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    Scarlett Johansson in Black Widow.

    Scarlett Johansson takes on Sam Altman over ‘eerily’ similar AI voice

    The Hollywood actor says she was “shocked” by the use of a voice “eerily similar” to her own in the latest worry for the ChatGPT maker.

    • Rachel Metz
    Nvidia has acquired Yonatan Geifman’s start-up Deci, which is a big win for Paul Bassat’s Square Peg.

    Big win for Square Peg as Nvidia buys AI start-up Deci

    The Melbourne VC firm will soon be toasting a rich profit on its investment in an Israeli AI start-up, when it is acquired by chip titan Nvidia for $447 million.

    • Nick Bonyhady
    Cameron Bryant says most businesses will simply need to adjust their website content to benefit from the move to AI.

    How business websites will have to change for Google’s AI era

    Enterprises hoping to attract the attention of the search engine’s Gemini platform will need short, punchy web pages, says a digital advertising expert.

    • John Davidson
    Jacqui Henderson, a member of the Financial Services Council’s expert working group on digital advice, says the federal government needs to get the regulatory settings right  by reducing onerous paperwork.

    The future of financial advice is digital – and human

    AI-powered apps are touted as a big part of the solution to providing affordable financial advice en masse, but winning people’s trust is a key challenge.

    • Joanna Mather
    The Google AI logo is being displayed on a smartphone with Gemini in the background in this photo illustration, taken in Brussels, Belgium, on February 8, 2024.

    Google search is becoming Google answers. That is bad news for media

    In a world where AI can browse the internet and paraphrase what it sees, users may find they never click on links again. That could be a big problem for publishers.

    • Kevin Roose