Section
AI
Nvidia earnings show the AI chip boom is still accelerating
Nvidia earnings showed AI chip demand is still rising, with $US81.6 billion in revenue and $US91 billion guidance despite fresh competition risks.
Meta layoffs 2026: 8,000 jobs cut as AI teams grow
Meta is cutting about 8,000 jobs and shifting another 7,000 workers into AI-focused teams, in a restructuring that affects roughly 20 per cent of its workforce.
OpenAI Guaranteed Capacity locks in AI compute access
OpenAI Guaranteed Capacity lets enterprise customers reserve one to three years of AI compute, making reliable access a premium service.
Gemini API managed agents explained: what Google launched
Gemini API managed agents let developers define, run and customise cloud-hosted AI workers, pushing Google's platform beyond chat into deployable actions.
StanChart's AI push turns bank automation into a workforce decision
Standard Chartered's plan to cut more than 7,000 jobs shows bank AI spending has moved from pilot projects to workforce design, with compliance still setting the limits.
CommBank formalises AI push with first chief scientist role
Commonwealth Bank has appointed UNSW professor Mary-Anne Williams as its first chief AI scientist, signalling a more formal enterprise AI push inside Australian banking.
Jury tosses Elon Musk lawsuit against OpenAI
A California jury dismissed Elon Musk's lawsuit against OpenAI as untimely, easing an immediate legal threat over the company's direction as the AI race intensifies.
xAI launches Grok Build to challenge Anthropic and OpenAI in coding agents
xAI has launched Grok Build, a terminal-based coding agent for SuperGrok Heavy subscribers, taking on Anthropic and OpenAI in AI developer tooling.
ABC report puts AI chatbot delusions at centre of safety debate
An ABC case study and early research suggest chatbot delusions are not a fringe curiosity but a product-safety problem that vendors and regulators now need to treat seriously.
Anthropic and OpenAI take 89% of AI startup revenue
Anthropic and OpenAI now capture 89 per cent of AI startup revenue, highlighting a winner-takes-most market that leaves smaller builders exposed.
CSIRO launches Vetra AI hub for faster robot decisions
CSIRO has launched Vetra, a compact edge-AI system in Brisbane designed to cut robot and sensor response times by pushing more processing on site.
Why OpenAI put Brockman over ChatGPT, Codex and agents
OpenAI product strategy is shifting towards one agent platform, bringing ChatGPT, Codex and the API stack closer for developers and enterprise buyers.
Bloomberg data shows AI job losses are reaching white-collar roles
A Bloomberg analysis of US labour data suggests measurable employment losses are emerging in AI-exposed white-collar roles, an early warning for Australian tech teams.
ArXiv tightens AI-paper rules with one-year submission ban
Preprint server arXiv says authors can be suspended for a year if they fail to check LLM-generated text, citations or other material in papers.
OpenAI, Malta tie ChatGPT Plus to national AI course
OpenAI's first nationwide partnership gives Maltese residents one year of ChatGPT Plus after an AI course, offering a test case in state-backed AI access.
OpenAI's Weights.gg deal shows voice cloning is becoming core AI infrastructure
OpenAI's reported Weights.gg acquisition suggests voice cloning is shifting from fringe creator tooling into a core layer of AI platforms.
Musk v Altman week 3 puts credibility on trial
Week 3 of Musk v Altman turned OpenAI's founding dispute into a direct test of whether jurors trust Sam Altman or Elon Musk more, with wider stakes for AI governance.
The Verge's tech agenda centres on AI trust, Android and platform control
The Verge's 16 May front page points to a tech cycle shaped by AI guardrails, Google's Android push and tighter control over software distribution.
Nvidia's China AI Chip Sales at Zero Despite US Clearance for 10 Firms
Not a single H200 AI chip has been delivered to China despite US approval for roughly 10 firms to buy them, US Commerce Secretary Howard Lutnick confirmed, as Beijing steers investment toward domestic semiconductor alternatives.
SharonAI posts $US294,014 revenue as AI contract claims top $US2.2bn
SharonAI's first post-IPO quarter paired $US294,014 in revenue with $US2.21 billion in disclosed AI contracts, putting the focus on financing and execution rather than topline scale.
Cerebras Soars 68% in Debut, Becomes $95 Billion AI Chip Giant With Largest IPO of 2026
Cerebras Systems shares surged 68 per cent in their Nasdaq debut, closing at $US311.07 after the AI chipmaker raised $US5.55 billion in the largest IPO of 2026. The company, a challenger to Nvidia with its wafer-scale AI processors, commanded a $US95 billion market capitalisation.
Nvidia faces $US78.8b earnings test as BofA lifts target on AI chip demand
Nvidia heads into its 20 May quarterly earnings with consensus revenue near $US78.8 billion as Bank of America lifts its price target and analysts point to surging demand for Blackwell B300 AI chips.
Budget boosts AI, but cyber gaps remain, industry warns
The 2026-27 federal budget commits billions to AI and digital infrastructure, but cybersecurity spending tilts toward large institutions while SMEs remain exposed.
OpenAI launches $US4bn deployment company, acquires Tomoro
OpenAI has launched a standalone deployment company backed by more than $US4 billion in initial investment and agreed to acquire applied AI consultancy Tomoro, bringing 150 engineers into the new unit as it pushes deeper into enterprise AI integration.
Atturra joins AI business platform startup monō ai as founding partner
Australian consulting firm Atturra has joined monō ai, the AI business platform founded by Lendi Group co-founder David Hyman, as a founding partner — pairing enterprise consulting reach with a platform built to close the gap between AI pilots and production deployment.
