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Let’s Talk: How businesses are putting Generative AI to work
Step into the future of business with Generative AI.
Maziar Foroudian
April 12, 2024
Latest Stories
Step into the future of business with Generative AI. Discover how its extensive applications can redefine the way your company functions and spark unprecedented creativity.
Discover the current state of small and medium enterprises, as revealed by the latest SME Sentiment Tracker. Despite cautious sentiment and declining performance indicators, find out why many businesses are still investing in capital equipment and maintaining growth expectations.
Are you ready for the new sustainability reporting standards? RMIT Online and Deloitte have teamed up to offer a comprehensive course to upskill professionals and meet the forthcoming requirements. Don't miss this opportunity to enhance your skills and stay ahead of the game.
Ready for the latest in AI innovation? Our AI Weekly brings you exciting updates on Adobe's Frame.io V4, LeonardoAi's enterprise suite, Meta's upcoming release of Llama 3, Google's Gemma family expansion, and Georgia Tech's collaboration with NVIDIA for an AI makerspace. Stay informed and stay ahead with our concise summaries of the most cutting-edge developments in artificial intelligence.
Big changes are coming to Australia's merger rules, with a proposed overhaul set to take effect in 2026. Find out how these reforms will impact businesses and why they are necessary to maintain competition and innovation.
Attention all game-changing startups! Don't miss the opportunity to join the fourth cohort of the Future Technology Program. With support from Stone & Chalk and KPMG, this program is focused on solving the challenges of modern businesses through intelligent performance technology.
Dive into the latest Consumer Sentiment survey revealing a 2.4% dip in consumer confidence and a record low desire for major purchases. Revealed within - the insights and learnings for businesses, retailers, and economists alike.
Unlock the secrets to small business productivity growth with Xero's latest report! Discover how digital adoption plays a key role in boosting productivity and learn tips to improve your own business, all backed by data from over 240,000 Xero small business customers.
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Top stories
The European Parliament pushes for a 30-day payment limit to protect small businesses from cash flow issues caused by delayed payments. Australian lawmakers are also revising their payment time system after a review found it lacking.
Small businesses need to stand out in a crowded marketplace. Nearly 90% of marketers see positive ROI from personalized campaigns, boosting revenue by 40%. AI, interactive experiences, cross-channel personalization, and predictive analytics are key strategies for success.
Mr Albanese plans to introduce a Future Made in Australia Act to boost sovereign manufacturing post-pandemic. The act will streamline investment rules, focus on clean energy, and offer incentives to attract capital. Critics warn of potential dangers in industry dependency on government.
Australia
CEO of Ferndale Foods Australia, Leigh Edward, highlights the positive impact of partnerships with major grocery chains. Dispelling media scrutiny, he credits them for his business's success, supporting local communities and small businesses.
Ola exits the Australian rideshare market, leaving Uber as the dominant player. Various competitors have failed, including GoCatch and Taxify. Didi and Shebah offer alternatives, while inDrive struggled to compete. Liftango and Oiii target niche markets.
Australian Economy
Ferndale Foods CEO, Leigh Edward, praises major grocery chains' support of small businesses like his own. Partnerships have led to growth, jobs, and community benefits. Calls for a balanced narrative celebrating collaboration.
The fear of retribution by supermarkets has stifled suppliers from lodging disputes under the voluntary code, jeopardizing the playing field. Proposed solutions include adding protections, independent mediations, and incentives for retailers to comply.
World
Major companies delaying payments to small suppliers jeopardizes cash flow and business stability. The European Parliament's endorsement of a hard 30-day payment limit aims to protect SMEs. The proposal could save EU companies millions in financing costs.
Tesla's sales are expected to drop in 2024 due to lack of innovation, thin margins, and unappealing CEO antics. Stock prices are down, with analysts predicting a decrease in deliveries compared to 2023.
Tech
Google is introducing its own custom Arm-based CPUs for its Google Cloud platform, boasting industry-leading performance and energy efficiency. The Axion Processor promises 50% better performance and up to 60% better energy efficiency compared to current x86-based instances.
Udio, a new AI music synthesis service, can create high-fidelity musical audio from written prompts, including user-provided lyrics. While impressive, it has room for improvement compared to other AI music generators like Suno.
Businesses are facing complex financial challenges, necessitating efficient financial management. Accounting software has evolved from basic bookkeeping tools to comprehensive platforms offering features like real-time reporting and integration with banking systems. Professional services enhance software benefits, providing tailored setups, ongoing support, and compliance assistance.
Curated for you
In the realm of stock photography, AI-generated content poses new opportunities and legal challenges. While AI tools can enhance creativity, authenticity and legal security from stock photography remain essential for success in the industry.
Workplace trauma, often resulting from poor leadership, can have lasting effects on employees. Leaders must create a safe environment for healing, promoting consistency, trust, and support to help employees overcome past experiences and thrive.
A recent survey by payroll company Gusto found that nearly half of new businesses in the US started as side hustles in 2023, a significant jump from the previous year. Generative AI tools and hybrid work arrangements are empowering entrepreneurs.
Entrepreneurial success hinges on work-life harmony, not balance. Setting and communicating boundaries is crucial for personal well-being and productivity. Integrated tools like self-awareness and mindfulness establish equilibrium for sustainable success and happiness.
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