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OpenAI's Strawberry, Bitcoin Surge & F1 Australian Contract
Tasmania has the lowest Year 12 attainment rates and struggles with literacy and numeracy.
Pick & Scroll News
July 16, 2024
One Read, All Perspectives
AUSTRALIAN NEWS
Screen composers are fighting to protect their craft against AI that creates songs in seconds. LINK
Allegations of corruption in construction unions are causing economic damage as projects face cost blowouts and a shortage of labour. LINK
Corporate technology leaders are shifting their focus from productivity to revenue generation as the primary measure of AI’s return on investment. LINK
Tasmania has the lowest Year 12 attainment rates and struggles with literacy and numeracy. LINK
A push for more eco-friendly fashion, supported by a new trade deal with India, is opening new market opportunities for Australia's sustainable cotton and wool industries. LINK
GLOBAL NEWS
President Biden ordered an independent review of the Secret Service after a gunman shot and injured Donald Trump at a campaign rally. LINK
China's economy grew at 4.7% in Q2, missing the 5.1% forecast, due to a prolonged property downturn and job insecurity. LINK
Bitcoin surged to a 2-week high after the attempted assassination of Donald Trump. LINK
Spain won the Euro 2024 final against England 2-1. LINK
Carlos Alcaraz defeated Novak Djokovic in straight sets to win the Wimbledon final. LINK
COMPANY NEWS
OpenAI whistleblowers have filed a complaint with the US SEC, urging an investigation into the company's restrictive NDAs. LINK
OpenAI is working on a new AI reasoning technology under the project code-named "Strawberry," aiming to showcase advanced capabilities. LINK
Concerns about lead exposure have forced Bunnings to change how it handles and packages products containing the material. LINK
Australian banks, including ANZ, Commonwealth Bank, Westpac and Bendigo and Adelaide Bank, will refund $28M to 136,000 customers after an investigation found systemic high-fee charging, with plans to move 200,000 customers to lower-fee accounts. LINK
Airbus revised its 20-year demand forecast, predicting the global fleet will more than double to 48,230 planes. LINK
The ASX faces a "ticking time bomb" with major technology upgrades delayed, including a replacement for its CHESS system. LINK
Shares in Lifestyle Communities fell over 18% after residents of a Victorian community challenged the company’s deferred management fees model. LINK
A NSW parliamentary inquiry found a "concerning lack of clarity and transparency" in the contractual arrangements between the NSW Government and Transurban over the troubled Rozelle Interchange. LINK
Macquarie Group is set to benefit from the potential $15B+ sale of AirTrunk as global demand for data centres grows. LINK
Commonwealth Bank is poised to overtake BHP as the biggest stock on the Australian sharemarket. LINK
Star Entertainment faced a major glitch in its move to cashless gambling, leading to the shutdown of pokies and electronic gaming machines. LINK
Airwallex is challenging big banks with its Yield product, allowing access to funds without term deposit lockups, now targeting retail customers with a reduced minimum threshold from $500,000 to $10,000. LINK
Felix Mobile is undercutting Telstra with plans 50% cheaper, responding to Telstra’s recent price hikes. LINK
Altium shareholders overwhelmingly approved a $9.1B takeover by Renesas Electronics, with 99.81% voting in favour, recognising the strategic value of the proposal. LINK
F1 organisers in Australia secured a bargain by extending their contract until 2037 at an estimated cost of $37M. LINK
