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AI Summit

The summit set to redefine the conversation about artificial intelligence, delving deep into the biggest trend reshaping industry and society.

Event Details

AI is both the apotheosis of the rational scientific thought of the Enlightenment and, possibly, its damnation too.

The business of AI

The inaugural Financial Review AI Summit set to redefine the conversation about artificial intelligence, delving deep into the biggest trend reshaping industry and society.

AI Summit - Final release registration

Join business leaders, technology pioneers, government figures and leading thinkers at this timely Financial Review summit to see the best of AI adoption, and be a part of the conversation that is shaping the future.

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  • Analysis
  • AI

AI start-ups face a rough financial reality check

The AI revolution, it is becoming clear in Silicon Valley, is going to come with a very big price tag.

  • Cade Metz, Karen Weise and Tripp Mickle
See’s Candies president & CEO Pat Egan talks with Warren Buffett at the See’s Candies booth at the Berkshire Hathaway shareholder meeting.

Warren Buffett says AI may be better for scammers than society

The billionaire investing guru predicted scammers would seize on the technology, and may do more harm with it than all the good already realised or envisioned.

  • Josh Funk
Amazon chief executive Andy Jassy is spending up big to chase the AI boom.

Beware big tech’s AI profit gap

Amazon’s stellar earnings underscore big tech’s profit challenge: cost-cutting is done, and the payoff from AI investments are still some way off. 

  • James Thomson

Only quantum physics can explain an investment this weird

The federal government has replaced sports rorts with a quantum rort that will not make real revolutions like AI go any faster.

  • Toby Walsh

Amazon posts strong cloud unit sales on rising AI demand

The e-commerce company’s operating income more than tripled as Amazon Web Services and adverts provided a boost.

  • Camilla Hodgson
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April

K Krithivasan: “We are in a situation where the technology should be able to predict a call coming and then proactively address the customer’s pain point.”

AI could kill call centres, says boss of Tata IT business

Chief executive K Krithivasan says chatbots would soon be able to analyse a customer’s transaction history and do much of the work done by call centre agents.

  • Benjamin Parkin and Chris Kay
Mark Zuckerberg freely admits that the next few years could be rocky for investors.

Mark Zuckerberg is stuck in AI purgatory, and that’s OK

Meta Platforms has a clear-eyed vision of how its artificial intelligence bets will pay off, but the returns on its growing investments remain some way off. Investors should expect to see more of this. 

  • James Thomson
Meta chief Mark Zuckerberg has said he believes AI will become an “increasingly important driver of opportunity” for people, businesses and the economy as a whole.

Are the magnificent seven at risk of having their wings clipped?

Perhaps investors are finally losing patience with the hundreds of billions of dollars being ploughed into artificial intelligence as the world’s leading tech companies vie for supremacy.

  • Karen Maley
Meta shares fall after earning result.

Meta’s plans to spend billions on AI unsettle investors

Shareholders are preparing to wipe around $US200 billion ($308 billion) of the social media giant’s value, despite better than expected earnings this year.

  • Updated
  • Joshua Peach
AI is dividing people into optimists, pessimists and sceptics.

AI keeps going wrong. What if it can’t be fixed?

Pessimists warn it could wipe out humanity. Optimists hail a medical revolution. But sceptics argue that the technology is simply flawed.

  • Henry Mance
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  • AI
Industry Minister Ed Husic will create voluntary guidelines and mandatory “guardrails” for high-risk AI.

Business is about to get a say on AI rules

The government plans to announce a revamped expert group to shape its thinking on the pivotal new technology around the time of the May budget.

  • Nick Bonyhady

Data centre giant AirTrunk strikes major Hong Kong renewables deal

The surge in energy demand by data centres, now turbo-charged by the emergence of AI, is straining the capacity of electricity grids around the world.

  • Nick Lenaghan
Pick any of the strongest cash generators on the ASX and you will find a business at the cutting edge of AI.

Five ways to play the long-term AI theme on the ASX

There’s probably no Australian-listed company that’s not using AI in some way to become more efficient and improve margins. But who might the bigger beneficiaries be?

  • Elio D'Amato
For data-led trading strategies the energy transition promises to be a boon because it will increase complexity and require more sophisticated tools to model markets.

Commodity traders bet on big data and AI

Firms that traditionally relied on political connections, handshakes and logistical skill to move natural resources to willing buyers are increasingly focused on how to apply AI.

  • Updated
  • Tom Wilson and Malcolm Moore
 Data centres – which provide computing power and storage for software and data – are “one of the most significant drivers for demand growth besides electrification and the take-up of electric vehicles”.

Booming AI demand threatens electricity supply

Regulators are scrambling to factor the explosive growth of data centres into demand projections as one network warns of a 250 per cent surge in power needs.

  • Ben Potter
Taiwan’s largest company last week disclosed its fastest sales growth since 2022.

TSMC outlook beats estimates as AI demand helps propel business

The better-than-projected outlook follows its first profit rise in a year, after strong AI demand revived growth at the world’s biggest contract chipmaker.

  • Jane Lanhee Lee
The sale of the Intellicentre in Macquarie Park was stuck on a 3.6 per cent yield.

AI boom drives $174m data centre deal on 3.6pc yield

Macquarie Technology Group will acquire the Intellicentre Campus at Macquarie Park from Singapore’s Keppel DC REIT as it looks to lift data storage capacity.

  • Larry Schlesinger
AI

AI to create 150,000 jobs, claim the academics who study it

A new economic analysis by a consortium of top Australian professors has found AI should add 150,000 jobs to the economy by 2030 and boost GDP by $200b a year.

  • John Davidson
Elon Musk.

How soon will machines outsmart us? Biggest brains in AI can’t agree

Elon Musk’s prediction that artificial intelligence will surpass human experts by 2025 sets him apart from rivals at OpenAI, Google and Meta.

  • George Hammond

NextDC boss says nuclear should be on table as AI sucks up energy

The country’s largest listed developer and operator of data centres is raising $1.3 billion to expand its operations amid a boom in demand for computing power.

  • Updated
  • Tess Bennett
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Sissie Hsiao from Google Assistant and Bard, left, during the Fortune Brainstorm AI conference in San Francisco late last year. Companies are struggling to evaluate the revolving technology.

Speed of development making it hard for firms to invest wisely in AI

Whether assessing safety, performance or efficiency, the groups tasked with stress-testing AI systems are rushing to keep up with the state of the art.

  • George Hammond
  • Analysis
  • AI
Google’s Cloud

Google’s Gemini AI can now write your emails and create spreadsheets

It turns out Google’s new AI isn’t only good for generating images of black Nazis. Soon you’ll be able to generate spreadsheets and emails with it, too.

  • John Davidson
In a few years time, data centres will be consuming more than the output of Australia’s biggest baseload power station at Eraring, NSW.

AI could stretch Australia’s electricity supply to the limits

It would be ironic if world-changing technology like AI ended up prolonging the life of coal-fired power.

  • Patrick Gibbons

‘AI honeymoon is over’, Canva co-founder declares

Just two years after the last technology bubble burst, investors shouldn’t mistake AI tools that look like magic for a business model that is.

  • Nick Bonyhady

March

Keep AI on a tight leash or embed bias, experts say

AI’s potential to reinforce discrimination is one of its most worrying effects. New regulations aim to keep the powerful technology in check.

  • Alexandra Cain