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Meet Jenny Gurry, the visionary leader behind Diamond Women, an organization that offers comprehensive support to women facing unplanned pregnancies. From facing challenges to forging unexpected partnerships, Jenny shares her journey of creating a successful and impactful organization in this week's Founder Friday feature.
From funding developments in Australia, India, and the US to the launch of a new SME growth fund, there's plenty to catch up on. Don't miss out on the latest news and investments in the tech world.
New data from global small business platform Xero reveals a promising start for Australian SMEs in 2024. Despite payment delays, sales and jobs growth are on the rise, with sectors like healthcare and real estate performing particularly well. Find out more about this positive momentum.
Top Tools
EllieAi: Streamline data workflows & collaboration effortlessly
Ocoya: Transform your social media with AI
LinkWhisper: Simplifying internal linking for SEO success
BlendAi: Master online marketing with Ai optimization
OriginalityAi: The ultimate content integrity tool for web publishers
Pictory: AI-powered video creation for everyone
Secto: Create viral TikTok videos effortlessly
Top stories
Women-led startup raises in 2024 show progress towards gender diversity in funding. Eloise Keating reports $60.3m raised by nine Aussie and NZ startups. VCs remain optimistic for the year ahead, with increased activity and confidence.
Australia
Atlassian co-founder Scott Farquhar steps down as co-CEO after 23 years to focus on family and philanthropy. Mike Cannon-Brookes becomes sole CEO of $79 billion software unicorn. Despite stock drop, Atlassian shows strong financial performance.
KPMG's chief economist, Brendan Rynne, highlights the impact of increased government spending on inflation in Australia, urging for a reduction to pre-pandemic levels. The fiscal impulse from state deficits is also expected to contribute to inflation risks.
Small retailers face high risks of failure due to a consumer spending crunch and rising costs, while supermarkets remain resilient. Businesses in NSW and Victoria are particularly vulnerable, with larger companies at lower risk. Overall, industries heavily reliant on consumer spending face tough times ahead.
Australian Economy
Central banks are facing struggles with inflation as consumer expectations rise. Australia and the US are seeing unexpectedly high inflation rates, posing challenges for monetary policy. Tax cuts may further complicate efforts to restore price stability.
Global bond yields surged as traders anticipate the Reserve Bank of Australia's return to tightening. Other major economies expect rate cuts, but Australia's inflation signals suggest potential for rate hikes. Analysts predict at least three rate hikes.
World
Google will no longer allow manual additions to the Google Publisher Center, shifting to automatic publication pages later this year. This change adds to the confusion surrounding Google News inclusion. Publishers may face frustration and uncertainty.
US economy grows slower than expected in Q1, with 1.6% GDP increase but 3.4% inflation rise. Rate cut could be delayed as inflation stays high. Experts uncertain about Fed decision. Key issue for upcoming election.
Tech
SEO expert emphasizes the importance of semantic keyword analysis to enhance content relevance and user experience. Using AI tools based on natural language processing can streamline research and content optimization efforts, leading to improved SERP rankings and increased organic traffic.
Microsoft's investments in artificial intelligence are paying off with a 17% increase in revenue and a 20% rise in profit. Azure cloud computing and A.I. services are driving growth, challenging Amazon's market share.
Apple introduces OpenELM, small AI language models for on-device use. With models ranging from 270M to 3B parameters, they offer improved performance and efficiency. Apple aims to empower the open research community with transparency.
Tech brands like Logitech are pushing AI features in new products. Logitech’s latest wireless mouse, the Signature AI Edition M750, features a new button for ChatGPT. Nothing is integrating ChatGPT into earbuds via gestures.
Curated for you
Customers are faced with more options than ever before. To stand out, companies must prioritize being the customer's first choice by offering exceptional service, personalized experiences, and focusing on key performance indicators to drive growth and build customer loyalty.
Contact centers are crucial hubs for today's customer interactions, blending onsite and remote work models. They prioritize workforce management for efficiency and customer satisfaction. Channels like email, live chat, and social media enhance customer support in modern contact center operations.
At the Gartner Data & Analytics Summit in Sydney, top trends for 2024 were unveiled, highlighting the importance of AI and GenAI. D&A leaders must bet the business on AI, manage complexity, build trust, and empower the workforce.
New Belgium Brewing, founded in 1988 after a cycling trip through Belgium, is embracing sustainability by testing an innovative heat pump system for their steam production. By reducing their carbon footprint, they aim to become completely carbon neutral by 2030.
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