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🗞️ AI trip
AI hallucinations have created some entertaining reading in recent times and Apple AI has joined the hallucination party.
Pick & Scroll News
January 17, 2025
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Good morning. AI hallucinations have created some entertaining reading in recent times and Apple AI has joined the hallucination party.
Recently, Apple AI has announced the winner of a sporting event before it had begun, claimed the man accused of killing UnitedHealthcare CEO had also shot himself and said that Rafael Nadal had come out as gay.
AI gets it right a lot of the time but as long as we have examples where AI tells someone they can put gasoline on spaghetti to make it spicy, we are always going to have sceptics.
All the headlines and more below...
AUSTRALIAN NEWS
Overseas travel booming at the expense of domestic tourism, new data shows
Australian overseas travel has surpassed domestic tourism recovery whilst inbound tourism from India shows growth. LINK
Australian insolvencies surged 47% in 2024 as company collapses approach record levels for mid-2025. LINK
Australia's unemployment rate dropped to 4% in December, driven by 80,000 new part-time positions and a 67.1% participation rate. LINK
The Fair Work Commission has temporarily suspended the protected industrial action on Sydney's train system, following an application lodged by the NSW government. LINK
Sydney's housing inventory has reached a 6-year peak as listings surged 19% year-on-year in December 2024. LINK
The RBA has signalled potential rate cuts as inflation trends towards targets while unemployment rates challenge estimates. LINK
The Aussie dollar has reached a 5-year low against the US dollar. LINK
Nearly 80% of small businesses have struggled with cashflow issues in FY24 as owners forgo salaries. LINK
The federal parliament has approved a privacy law holding employers liable for employee breaches effective FY25. LINK
The NSW Premier has proposed fare refunds for commuters affected by widespread train cancellations. LINK
Parents are increasingly supporting younger Australians with living expenses and mortgages amid affordability challenges. LINK
GLOBAL NEWS
Trump considers suspending TikTok ban enforcement for 60 to 90 days
COMPANY NEWS
Microsoft launches Copilot Chat for businesses to boost AI adoption
Microsoft has launched Copilot Chat AI for businesses with premium subscription features. LINK
El Jannah is exploring private equity interest for a potential sale after expanding nationally. LINK
Foxtel has completed a $3.4B sale involving Saudi Arabian investment and News Corp. LINK
Block has agreed to pay a $128.5M fine for insufficient anti-money laundering measures in its Cash App platform. LINK
Canva and Atlassian remained silent on diversity policies whilst Linktree reaffirmed DEI commitments as central to its company culture. LINK
JPMorgan has achieved record annual profits as rebounding markets boosted mergers and sales. LINK
Pro Medicus secured a $33M deal with the University of Kentucky for its imaging platform whilst expanding its US presence. LINK
CHART OF THE DAY
The share of people thinking it is the right time to buy a house is improving from record lows
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ONE MORE SCROLL
Editor’s Pick: The no-buy movement is gaining popularity on TikTok and encourages selective consumption to reduce unnecessary purchases.
Draft Pick: Ja Morant throws down wild one-handed dunk on Victor Wembanyama … that didn’t quite count.
Odd Pick: Drake sues Universal Music for defamation over Kendrick Lamar's diss track Not Like Us.
TRIVIA
Grand Slam
This week has been all about the Australian Open (and train delays but we won't do a trivia on that).
Can you rank the following people in order of the most Grand Slam titles won? Earn 1000 points if you can correctly state how many titles each person has won. Hint: There are two ties within the list.
Steffi Graf, Roger Federer, Serena Williams, Novak Djokovic, Margaret Court, Rafael Nadal
Answers below
TOGETHER WITH
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ANSWERS
1. Margaret Court & Novak Djokovic (24)
2. Serena Williams (23)
3. Rafael Nadal & Steffi Graf (22)
4. Roger Federer (20)
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