🗞️ Glass ceiling

Commonly used AI tools have been proven to show bias when giving salary negotiation advice.

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Good morning. Commonly used AI tools have been proven to show bias when giving salary negotiation advice.


In a total shock... females were provided salary suggestions lower than males.


Five LLMs were part of the experiment, which highlights a significant broader issue when it comes to bias in AI. Good luck negotiating for that next role!


All the headlines and more below...

AUSTRALIAN NEWS

Australia's looming social media ban explained

  • The Australian government has extended social media restrictions to YouTube and TikTok for users under 16 while exempting education apps. LINK

  • The Australian inflation rate has dropped to 2.1% while core inflation fell to 2.7%, signalling a likely RBA rate cut in August. LINK

  • Long-term unemployment has surpassed short-term figures in Australia, whilst affecting mental health and skills retention. LINK

  • A fuel tanker from India docking in WA has raised concerns about Russian oil-derived products entering Australia. LINK

GLOBAL NEWS

US, China tariff truce holds for now

  • The US and China have agreed to extend their 90-day tariff truce following constructive trade discussions in Stockholm. LINK

  • The OECD has excluded AI productivity gains from economic forecasts due to uncertainty about long-term impacts. LINK

COMPANY NEWS

150 Atlassian jobs cut in brutal prerecorded video

  • Atlassian cut 150 customer support jobs whilst moving clients to the cloud and implementing AI solutions, offering affected workers 6 months' pay. LINK

  • Woolworths is expanding its Everyday Rewards program by integrating mobile and insurance services for its 10M members. LINK

  • NAB is upgrading 150 branches across Australia with a $55M investment while banking shifts online. LINK

  • American Eagle is under fire for its "great genes" campaign, featuring Sydney Sweeney. LINK

  • Rio Tinto reported a US$4.81B first-half profit drop of 16% whilst China's iron ore demand slows. LINK

  • UBS doubled its profit to US$2.4B in Q2 through strong trading and improved investor sentiment. LINK

  • Toyota has achieved record global sales and production for the first half of FY25. LINK

  • Tesla has signed a $4.3B deal to source lithium-iron phosphate batteries from LG Energy Solution for energy storage systems. LINK

  • YouTube will be added to Australia's social media ban for teenagers after the internet regulator found 37% of minors reported harmful content on the platform. LINK

  • PolyNovo projected FY25 earnings to triple as new product launches expand across international markets. LINK

  • Atlas Arteria has reported a 10.7% increase in Q2 revenue from strong traffic on French and US roads. LINK

  • Visa beat Q3 profit expectations whilst maintaining its full-year outlook for low double-digit revenue growth. LINK

CHART OF THE DAY

ONE MORE SCROLL

Editor’s Pick: How to escape the “dopamine crash loop” and rewire your curiosity.

Draft Pick: Big issues bottom-nine AFL clubs must fix this summer.

Odd Pick: Nvidia AI chips worth $1B smuggled to China after Trump’s export controls.

TOGETHER WITH

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TRIVIA


It's JK Rowling's 60th birthday today. Can you put the below Harry Potter books in the correct order?


Harry Potter and the Half Blood Prince
Harry Potter and the Order of the Phoenix
Harry Potter and the Prisoner of Azkaban
Harry Potter and the Goblet of Fire


Answers below

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ANSWERS

1. Harry Potter and the Prisoner of Azkaban (3)
2. Harry Potter and the Goblet of Fire (4)
3. Harry Potter and the Order of the Phoenix (5)
4. Harry Potter and the Half Blood Prince (6)


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