Meta to lay off 600 employees from ‘sluggish’ AI unit
About 600 employees in Meta Platforms’ artificial intelligence division will be laid off as part of a wider effort to speed up decision-making and streamline operations. Meta chief AI officer…
Donald’s trillion dollar investment furphy. What’s the scam?
Hidden in full view in a press release by the White House this week was a “promise” for Australian superfunds to “increase investments in the United States to $1.44 trillion…
Controversial gas project extension sparks legal action
An energy giant has vowed to “vigorously defend” two legal challenges sparked by the controversial extension of Australia’s biggest gas project near ancient Aboriginal rock art. Woodside is set to…
How a platform became the go-to charity hub in crises
Years after his company became a crucial lifeline for Australian bushfire survivors, Tim Cadogan was holding a water hose as fire approached his door. A deadly Los Angeles wildfire that…
Wealthy superannuants win as Chalmers caves. What’s the scam?
Treasurer Jim Chalmers has announced Labor is backing down on the proposed tightening of the super tax for the very wealthy. What’s the scam? The scam is how the Labor…
China’s exports, imports top forecasts amid tensions
China’s export growth picked up pace in September, buoyed by manufacturers finding buyers in markets beyond the US as a tariff deal with President Donald Trump remained elusive while investors…
‘Better targeted’: Labor tinkers on big super accounts
Plans to increase taxes on large superannuation balances will be refined after the federal government’s initial proposal was criticised, especially by high net worth individuals. Long-touted reforms to double the…
Social media ban ‘hard to enforce, won’t protect kids’
A looming ban on under-16s using social media will not keep young people safe online, one tech giant has warned. YouTube representatives told a Senate inquiry that moves to include…
Wall St futures bounce, Asia still shaky
Asian stocks were set for a rocky start after fresh broadsides in the US-China trade war spooked markets with already stretched valuations, though there were signs risk sentiment has steadied…
Grieving communities hope Gaza ceasefire holds
A two-year war launched by Israel on Gaza after a stunning Hamas attack could be coming to close as fears abound for a tentative ceasefire to remain. Israel launched the…