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Capital Brief

@capitalbrief

Intelligence for the new Australian economy.

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linkhttp://www.capitalbrief.com calendar_today02-06-2023 08:35:34

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The $40 billion solar infrastructure project SunCable insists it's committed to exporting energy to Singapore, amid mounting industry speculation it could pivot to supplying onshore data centres as the government pushes to turn Australia into an AI hub capitalbrief.com/article/suncab…

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CommBank has failed to mobilise its big four rivals and the broader financial services industry for its campaign against payment reforms proposed by the RBA, but still proceeded to fire a letter to the central bank outlining its concerns capitalbrief.com/article/cba-go…

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Despite immense hype around AI's ability to solve many economic problems, the technology appeared an afterthought at Jim Chalmers' long awaited summit capitalbrief.com/article/ai-was…

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Opposition treasury spokesman Ted O’Brien has cast doubt on Treasurer Jim Chalmers’ “middle course” approach to regulating AI and warned that the Labor government risks stifling the opportunities of the technology by focusing too heavily on its risks capitalbrief.com/article/ted-ob…

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Two of the world's largest technology companies, Google and Microsoft, are urging Australia to loosen its copyright laws in the clearest sign yet of how powerful artificial intelligence platforms will fight over the contentious issue capitalbrief.com/article/google…

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OpenAI has announced it will open an Australian office in Sydney “later this year”, roughly two months after the company began ramping up local lobbying activity capitalbrief.com/briefing/opena…

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ANZ has apologised after it inadvertently sent around an automated email to individual senior staff informing them their jobs would be terminated as part of a broad restructure of its retail bank under new CEO Nuno Matos capitalbrief.com/article/anz-re…

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The top stories inside today's Standup newsletter: - ANZ boss slammed after brutal email bungle - Trump tariffs tanked by US courts, for now - Modi and Xi say India and China are partners not rivals Read our morning round-up here👇 capitalbrief.com/newsletter/anz…

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CoStar Group founder and CEO Andy Florance is planning to roll out at least three new products in Australia within the next 12 months amid plans to use its $3 billion acquisition of Domain to expand into the local market capitalbrief.com/article/domain…

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French cryptocurrency unicorn Ledger is opening an Australian operation, betting on a return of retail money and hoping to capitalise on self-managed super funds exploring crypto capitalbrief.com/article/crypto…

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ANZ is quietly parting ways with one of its chief risk officers as new CEO Nuno Matos restructures the banking giant's retail division and works to rebuild its reputation with regulators capitalbrief.com/article/anz-ov…

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Labor’s plan to curb Freedom of Information requests is being met with significant opposition, as senators call for AI to be harnessed to make the system fit for purpose capitalbrief.com/article/labor-…

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The top stories in today's Standup newsletter: - Tech stocks lift Nasdaq on Fed rate bets - Airwallex targets Stripe and Recurly with OpenPay acquisition - Google expands AI chip strategy to compete with Nvidia-backed firms Read our round-up here👇 capitalbrief.com/newsletter/tec…

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Warner Bros Discovery has struck a deal with Amazon that will make its HBO Max streaming service available to Australian users of Prime Video, in a move to significantly ramp up efforts to scale the service in the local market capitalbrief.com/article/warner…

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Macquarie Bank has urged the RBA to curtail the expensive credit cards of its rivals and prevent large institutions from price gouging small businesses, in a distinct policy split from the big four banks capitalbrief.com/article/macqua…

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Leaked emails viewed by Capital Brief reveal concerns job cuts could see ANZ breach its obligations with three regulators — and a threat to escalate these concerns to the board capitalbrief.com/article/the-nu…

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How Lachlan Murdoch sealed the deal that cemented his control over the family empire 👇 capitalbrief.com/article/how-la…

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ANZ and the corporate regulator will ask the Federal Court to impose penalties of $240m in relation to its bond trading scandal, customer hardship, false and misleading statements and fees charged to dead customers capitalbrief.com/briefing/anz-a…

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Abu Dhabi National Oil Company's international investment arm, XRG, said on Wednesday that a consortium it was leading withdrew an indicative offer to buy Australian gas producer Santos capitalbrief.com/briefing/adnoc…