Calling All Small Business Heros!

Entries are now OPEN for the prestigious 2024 Australian Small Business Champion Awards.

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Maziar Foroudian
November 20, 2023

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Free Entries open to the 2024 Australian Small Business Champion awards.

Welcome to AI Weekly, your source for concise summaries of the latest AI-related updates.

Despite government warnings, 73% of surveyed Australian businesses fell victim to a cyber attack in the past five years and opted to pay a ransom.

Join us as we uncover the secrets of effective time management and strategies that optimize every minute, propelling your team to peak performance.

Here’s a recap of recent funding developments from Australia, India, the US and beyond.

The October Business Risk Index from CreditorWatch signifies the lowest average invoice value recorded since the tracking commenced in January 2015.

The 2023 Sendle Small Business survey reveals small businesses are divided on sales growth this peak sales season, with customer acquisition the top challenge in 2024

Dynamic Business sat with co-founders Martin Salter and Karl Page to discuss their journey of uncovering the fascinating journey that sparked WOSUP’s inception.

Gaby sheds light on the intricacies of strategic restructuring within businesses.

Anthony Daniel advises SMEs on staying vigilant in quiet periods, as historical data indicates increased coordinated cyberattacks when staffing is low.

Top stories

Analysts speculate on the possibility of deeper oil cuts as a preemptive move to counter potential demand weaknesses. Inflation concerns and jobs data also take center stage for the Reserve Bank.

Facebook and Instagram are rolling out updates to support creators in earning money, including a holiday bonus program, expanded subscriptions, and enhanced advertising opportunities. Meta is committed to nurturing the creative community.

Australia

Inflation is falling in the eurozone and even in Britain, providing relief to central banks. However, Australia faces unique challenges in reining in inflation due to domestic factors such as high levels of migration and public infrastructure spending. Australia may lag behind in bringing inflation under control.

Optus CEO, Kelly Bayer Rosmarin, faced intense questioning in a Senate hearing about her potential resignation following a major network outage that impacted 10 million customers. Read more about the hearing and its implications.

Australian economy

Serial bubbles have propped up the world economy for the past 25 years, masking underlying weaknesses. But as these bubbles burst, the global economic recovery could be at risk.

Banks in Australia are feeling the squeeze as consumers become savvier in their search for better home loan deals. The days of super profits from mortgages may be coming to an end.

World

Dubai's reliance on desalination to maintain its opulence is damaging the Persian Gulf, causing increased salinity, rising water temperatures, and harm to biodiversity and coastal communities. Without immediate action, the situation will worsen due to climate change.

Pilot's latest data reveals that 57% of venture-backed startups will have to seek additional funding in 2024, while 38% have less than a year of runway left. Find out why 2024 could be a challenging year for startup failures and what lies ahead for SaaS and Cloud growth.

Tech

Apple announces that starting next year, iPhone and Android users will be able to enjoy higher quality photos and videos, improved group messaging, and additional features through the adoption of rich communication services (RCS). This move comes after pressure from competitors like Google and Nothing, as well as the European Union's Digital Markets Act.

Satya Nadella of Microsoft reflects on the sudden removal of OpenAI CEO Sam Altman and the potential impact on their partnership in AI development. The future remains uncertain as Microsoft navigates unanticipated repercussions.

Major advertisers such as Warner Bros., Sony, IBM, Apple, Lionsgate, and Paramount Global are halting their spending on X, the social media service formerly known as Twitter, following Elon Musk's endorsement of an antisemitic conspiracy theory.

Curated for you

Discovering the answer to how much money you truly need to retire comfortably is not as simple as it seems. This article breaks down the figures and offers guidance to help you determine your own magic number.

OpenAI's sudden firing of CEO Sam Altman has left the AI landscape wide open, with competitors like Anthropic and Big Tech giants vying for the top spot. The once-dominant OpenAI now faces uncertainty and intense competition.

Join us at the Digital Summit Kansas City 2023, where marketers will gather to learn about the latest digital trends and hear from industry experts, including bestselling author Seth Godin.

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