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    AI

    Today

    Leonardo Ai founder says his program will allow plenty of bad art to be made.

    Here are all the best AI uses from a day talking about it

    Will it be useful or “just cool”? Executives and industry insiders spent the AI Summit discussing how they are already using artificial intelligence in their work.

    • Maxim Shanahan
    OpenAI CEO Sam Altman is on the safety and security board dealing with

    OpenAI is training a model with human brain power

    The start-up said it expected the new model to bring “the next level of capabilities” as it strove to build a machine that can do anything the human brain can do.

    • Cade Metz

    Six ASX stocks the AI bulls may have overlooked

    A report from Morgan Stanley has shed light on the overlooked sectors on the ASX that could be set to benefit from the artificial intelligence revolution.

    • Joshua Peach

    Yesterday

    Australia’s data centres could consume nearly 10 per cent of the country’s power by the end of the decade.

    How much will hungry data centres take out of the power grid?

    Australia’s ability to make the most of AI and digitisation is only as good as its energy sources. Next decade, that will become a hot topic.

    • Anthony Macdonald

    Husic’s corporate tax call revives Hawke-Keating Labor spirit

    Rather than have his office rebuke his cabinet colleague for comments made at the Summit, the treasurer should start making the pro-business and pro-worker case for reform.

    • The AFR View
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    Qiao Ma, portfolio manager at Munro Partners says the Nvidia rally is “nowhere close to being over”.

    The AI bulls are sticking to Nvidia despite 600pc share price rally

    “When people ask ‘who is the next Nvidia’? The next Apple was Apple – the next Apple, even today, is still Apple,” said Munro Partners’ stockpicker Qiao Ma.

    • Joshua Peach
    Google Australia’s managing director Mel Silva says AI will touch every part of the economy.

    Big business braced for AI wave – and plenty of uncertainty

    Executives are certain artificial intelligence will transform every part of the economy. They just want to “separate the hype … and the pragmatism”.

    • James Eyers and Sally Patten
    Telstra’s Kim Krogh Andersen is in charge of AI projects across the group.

    How an AI-powered Santa makes the case for tax reform

    AI threatens to change everything, from education to manufacturing. Ed Husic is right to ask whether tax reform is needed as part of this revolution.

    • James Thomson
    Leonardo Ai co-founder JJ Fiasson at The Australian Financial Review 2024 AI Summit on Tuesday.

    Leonardo Ai co-founder says AI will enhance, not crush, creativity

    Generative artificial intelligence will enhance creative work done by real people rather than replace them, the founder of a Sydney-based start-up says.

    • Max Mason
    Adam Driussi, CEO of Quantium, says AI will become assistant coaches in professional sporting codes.

    Adapt to an AI world or be replaced, executives warned

    “Hairdresser will use AI. Butchers will use AI,” said Mel Silva, Google’s local managing director. Others said a third of executives would be replaced.

    • Tess Bennett
    'Australia has a huge role to play in AI'
    2:42

    'Australia has a huge role to play in AI'

    Munro Partners' Qiao Ma says Australia doesn't need an Nvidia to be a major AI player.

    • Updated

    AI brain drain likely, but Australia has a natural advantage

    AI talent and funds will inevitably head to the US but Australia’s advantage in renewable energy could help power the data centres needed to run them. How the day unfolded.

    • Updated
    • Campbell Kwan
    CBA CEO Matt Comyn addressed the AI Summit in Sydney on Tuesday.

    After Comyn’s AI trip, the CBA boss can compute impact on banking

    Comyn now knows AI will reshape the global technology industry, business landscape and geopolitics in profound ways yet to play out.

    • James Eyers
    The 3 things companies need for AI success
    0:32

    The 3 things companies need for AI success

    AI is like F1, says Quantium’s Adam Driussi: “All of us can drive...but were not all fit to drive a Formula One car.”

    • Updated

    Regulators keeping business in the dark on AI: Productivity Commission

    Weeks away from new regulations governing high-risk AI use, regulators still haven’t explained how existing laws apply, says one productivity commissioner.

    • John Davidson
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    This is how the Silicon Valley geeks could destroy Hollywood

    Sam Altman’s obsessive pursuit of Scarlett Johansson for his new chatbot has helped end an 18-month media honeymoon for AI companies.

    • Andrew Orlowski
    Industry and Science Minister Ed Husic  has selected four organisations to provide free AI training to SMEs.

    Labor to spend $17m to help small businesses join AI revolution

    While major banks and tech firms are rushing headfirst into artificial intelligence investments, smaller firms are less prepared to capitalise on the technology, surveys have found.

    • Updated
    • Tess Bennett
    Aussie unicorn founder says all workers will need AI knowledge
    1:41

    Aussie unicorn founder says all workers will need AI knowledge

    Culture Amp co-founder and chief technology officer Douglas English says AI will enhance, rather than replace, human employees.

    • Updated
    30pc of board execs to go in two years
    1:22

    30pc of board execs to go in two years

    Quantium’s Adam Driussi says board members who avoid AI will be left behind.

    • Updated
    Adam Driussi.

    AI could claim 30pc of executive jobs in two years

    As Commonwealth Bank CEO Matt Comyn keenly monitors the AI revolution, Adam Driussi of Quantium says more executives need to follow suit. 

    • James Thomson