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Bad at remembering names?
Pick & Scroll News
May 13, 2025
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Good morning. Bad at remembering names?
Meta is developing what’s described as “super-sensing” vision software that can recognise people by name. Although this sounds useful, does this mean we have to become one of those people who wear sunglasses inside?
All the headlines and more below...
AUSTRALIAN NEWS
Support grows for investing in local media
Free-to-air television's advertising share has plummeted from 27% to 14% over the past decade, with 70% of media budgets now directed to Meta and Alphabet. LINK
The ACCC's revised National Competition policy and 'Future Made in Australia' strategy aims to boost productivity through job mobility reforms and green industry development in hydrogen and aluminium. LINK
Superannuation funds are trending towards 6% annual returns despite April's 4.5% loss from Trump-era tariffs. LINK
Australian investors have increased Bitcoin purchases as the cryptocurrency reaches US$105,000 amid economic uncertainty. LINK
GLOBAL NEWS
“Yes, AI will eventually replace some workers. But that day is still a long way off…”
COMPANY NEWS
Woolworths to slash prices on hundreds of shelf items this week
Woolworths is lowering shelf prices on almost 400 popular products to compete with Coles. LINK
High frequency trading firms are generating record profits in Australia amid market volatility, with Optiver producing $1.2B revenue from its Sydney office in 2024. LINK
ASIC is investigating Equity Trustees, Netwealth and Diversa over due diligence of the First Guardian Master Fund, which is being wound up amid allegations of mishandling up to $580M of investor funds. LINK
Salesforce is aiming to become the world's market leader in agentic AI that can act without human intervention. LINK
Healthscope has entered voluntary administration. LINK
Helloworld has emerged with a 5.015% stake in Webjet Group. LINK
Nine Entertainment and Stan will broadcast the men's and women's Rugby World Cup tournaments in Australia under a long-term deal with World Rugby, running until 2029. LINK
Hancock Prospecting employees must send annual thank-you notes to Gina Rinehart before receiving bonuses as part of the company's internal culture. LINK
PEXA has reported a 4% rise in quarterly transaction volumes whilst reaffirming its annual growth forecast despite UK mortgage market challenges. LINK
FleetPartners achieved $38.9M in half-year profit whilst growing assets under management to $2.3B. LINK
Bunnings generated $18.97B in revenue during FY24, establishing dominance in Australia's hardware retail market. LINK
Telstra's new $700M artificial intelligence venture with Accenture has employed 1,200 people for digital transformation. LINK
ONE MORE SCROLL
Editor’s Pick: 6 hours of sedentary behaviour a day linked to neck pain.
Draft Pick: Jannik Sinner makes victorious return from doping ban at Italian Open.
Odd Pick: Professors staffed a fake company entirely with AI agents and it didn't work.
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BRAINTEASER
What number comes next in the below sequence? The answer is not 42.
12, 15, 21, 24, 30, 33, 39, __?
Answer below
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ANSWER
The answer is that you take a number and add it to its individual digits to create the next number in the sequence. For example, let’s start with 12, the first number in the sequence. 12 + 1 + 2 = 15. Each successive number can be produced using this method:
15 + 1 + 5 = 21
21 + 2 + 1 = 24
24 + 2 + 4 = 30
30 + 3 + 0 = 33
33 + 3 + 3 = 39
This means the next number in the sequence is 39 + 3 + 9 = 51.
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