Tag: Australia

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Potential ASX Tech Shares Boosted by ChatGPT

ChatGPT's generative AI platform has investors keen on its growth potential in the stock market. Macquarie Technology Group and NextDC are set to benefit with their top-tier data centers.

Australia mulls banning high-risk AI technology

Australia is taking steps to safely regulate the growth of AI technologies. Industry Minister, Ed Husic, has released two papers on the topic and the National AI Centre will receive AUD41m to develop technology responsibly. A new program for small and medium enterprises will also be launched for responsible AI adoption.

The Impact of ChatGPT: Are Public School Restrictions Giving Private School Students Unfair Advantages?

Discover how Our Lady of Mercy College in Sydney is integrating ChatGPT, an AI tool, into their classrooms, transforming the way students learn. Learn how AI tech can help reduce the teacher shortage problem in Australia & help create equitable educational access & opportunities.

Qantas Achieves Record Profits Despite Falling Shares and AI Stocks Propelling Wall Street Performance

Qantas, Australia's leading airline, is set to make a record-breaking profit of up to $2.5 billion due to its successful cost-cutting strategies, but the Transport Workers Union has demanded it pay back the $2.7 billion in government COVID-19 assistance. Current CEO Alan Joyce has overseen numerous strategic changes to ensure the company's financial stability, including taking advantage of AI tech advances from major players such as Amazon. Established in 1920, the airline operates in 44 countries and is a founding member of the oneworld alliance.

Qantas Names Vanessa Hudson as New Chief Financial Officer and CEO

Qantas, the 103-year-old Australian airline, announced the appointment of Vanessa Hudson as its new Chief Executive and Managing Director. Hudson, having served the company for 28 years in various roles, will take over from Alan Joyce in November. Hudson's focus on delivering for the customers coupled with Richard Goyder's praise goes to show the aviation industry's gradual acceptance of strong female leadership. Having gone through various changes and turbulence due to the pandemic, Qantas reported a better financial picture in February. With Hudson's new leadership, one might hope for great things ahead.

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