🗞️ WaterGPT

Good morning. If you're someone who likes to conserve water, beyond simply choosing spirits over water, then you might want to scale back your ChatGPT use.

While the exact burden is hard to quantify, this study estimated that every 100 word email ChatGPT writes, over half a litre of water is used to keep the servers cool. Let’s hope that newly polished ChatGPT resumé was worth it.

All the headlines and more below...

AUSTRALIAN NEWS

Disability inclusion initiative shifts sentiment and sales

• The Shift 20 Initiative has increased awareness of disability inclusion, with businesses reporting improved employee and brand sentiments as part of their participation. LINK

• Australia's property market saw listing volumes up by 12% in July. LINK

• The average Sydney hotel room rate is expected to hit $426 per night by 2033, driven by rising demand for accommodation and limited new supply over the next decade. LINK

• Australian government spending is expected to reach a record 28% of GDP by 2025, according to Westpac. LINK

• Apartment projects in Australia are taking 2.5 years longer to complete due to high construction costs and labour shortages. LINK

• Australia's universities are warning that the government's migration reforms are cutting into foreign student revenues, with a $4B loss already recorded. LINK

• ASIC is pushing for crypto start-ups to obtain financial services licences. LINK

GLOBAL NEWS

40% are lagging in emissions reduction targets

• A survey found that 40% of cities, regions and companies globally still lack emissions reduction targets. LINK

• Bitcoin reached a 1-month high following the US Fed's super-sized rate cut. LINK

• Oil prices climbed amid fears of escalation in the Middle East and the US Fed's recent rate cut. LINK

• Corporates are seeking proof of AI's financial returns before making more strategic investments, as generative AI adoption grows but remains costly. LINK

COMPANY NEWS

Telstra gets animated to shake off corporate image

• Telstra is launching a new animated advertising campaign to shake off its corporate image, aiming to win over non-customers and reposition its brand. LINK

• The ACCC has filed lawsuits against Woolworths and Coles for misleading consumers about discounts, alleging deceptive pricing practices of creating false discounts on long-term priced items. LINK

• Shell has criticised Australia's "dysfunctional" regulatory system, saying it hampers the country's ability to transition to clean energy. LINK

• Incitec Pivot is seeking buyers for its fertiliser distribution business after earlier negotiations fell through, with a potential split-off of manufacturing operations. LINK

• Star Entertainment's new financing plan faces delays, with lenders offering $100M in new funding at higher costs, with an additional $100M contingent on equity raising. LINK

• Webjet's consumer business faced a tough debut on the ASX, with shares down as investors worry about the future of domestic travel demand. LINK

• The Bank of Queensland has warned franchise branch owners not to speak to the media as tensions rise over the bank's plans to buy back over 100 branches for $125M. LINK

• SPC Global is in merger talks with Original Juice Company, aiming to strengthen its product offering and improve competitiveness through cost savings. LINK

• Healius plans to focus on pathology and lab services after selling Lumus, raising more than $800M and reducing its debt significantly. LINK

• BHP has satisfied investors with recent climate disclosures, leading major funds to withdraw their push for more emissions transparency from the company. LINK

• Intel is considering a $5B investment from Apollo Global Management. LINK

• Citigroup's expansion in China has been delayed by US regulators, as the bank deals with penalties for data management issues. LINK

• Samsung will invest $1.8B in a new OLED manufacturing plant in Vietnam, adding to its existing production facilities in the region. LINK

• Beston Global Food Company, a South Australian dairy company, has entered administration after years of losses. LINK

CHART OF THE DAY

Malnutrition continues to impact children worldwide

ONE MORE SCROLL

Editor’s Pick: Cards Against Humanity is suing Elon Musk for $15 million.

Draft Pick: Tony Popovic named head coach of Socceroos ahead of FIFA World Cup qualifiers.

Odd Pick: Woman eats her croissant-shaped lamp to find it’s really a croissant.

TRIVIA

Your favourite subject

For trivia today, we are going to everyone's favourite high school subject, maths.

What mathematical symbol can be placed between 5 and 9, to get a number greater than 5 and smaller than 9?

Answer below

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ANSWER

Decimal point = 5.9

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