Elon Musk’s SpaceX trillions are fuelled by AI and his pied piper power over investors

In 2010, around the time of Tesla’s Initial Public Offering (IPO), an acquaintance proudly showed me his red Tesla Roadster, the first imported into Australia. It was a fine little rocket, the first electric vehicle of the modern era, discontinued in 2012 having provided the engineering and financial foundations for the Model S and, eventually,…

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AI company Firmus to become Tasmania’s biggest power user if three planned sites come to fruition

An artificial intelligence (AI) company will become Tasmania’s biggest power user if its ambitions to establish three “AI factories” in the state come to fruition. Singapore-based Firmus Technologies is building an AI factory in the Launceston suburb of St Leonards, which is expected to be operational early next year. Firmus has said the factory will…

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US Justice Department green lights Paramount’s acquisition of Warner Bros

The US Justice Department (DOJ) has cleared Paramount Skydance Corporation’s planned acquisition of Warner Bros Discovery.  The approval clears a major regulatory hurdle for a deal that will reshape the American entertainment industry. After an eight-month investigation, the DOJ concluded that the roughly $US110 billion ($156 billion) merger is unlikely to harm competition or American…

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Australia has valuable cards to play in the AI future, but critical gaps remain, new report finds

Australia has more AI potential than Australians think, with valuable cards to play strategically, a new report has claimed. The new research has found Australia has an opportunity to become a major regional data centre hub, to leverage its critical minerals resources in global AI supply chains, and to exert influence over global AI norms….

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