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An inspiring founder story

Author

Maziar Foroudian
June 29, 2024

Latest Stories

Discover the valuable lessons learned by Talitha Cummins, a TV journalist turned jewellery entrepreneur. From building a brand to finding mentors, she shares her insights and the benefits of starting a business at 43. Don't miss out on her top learnings!

Are Australian organizations prepared for cyber attacks? According to Rubrik Zero Labs' new report, they experienced the highest rate of data breaches in 2023. Find out the key findings and tips for increasing cyber resilience in the latest research.

Procurement is no longer just about managing suppliers and cutting costs. Find out why businesses are now prioritizing strategic procurement talent and how they are attracting and retaining top professionals through collaboration between HR and procurement departments.

Unlock the secrets to success for Australian businesses in the new financial year. Learn how they are prioritising revenue growth, employee satisfaction, and increased productivity through innovative workforce practices, global expansion, and technology.

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  • Krisp: AI-powered tool for meetings

  • RewindAI: Personalized AI assistant for work productivity

  • Feedly: Track the topics and trends that matter with AI

  • ConsensusApp: AI search engine for research

Top stories

Australian workers are embracing AI tools, with half saving at least three hours a week. However, using AI software without employer approval raises privacy and security concerns. Companies must establish clear policies to ensure safe and beneficial AI usage.

ASIC approved amendments to the Banking Code of Practice, expanding protections for small businesses. The changes include higher borrowing thresholds and improved loan application processes. These reforms aim to hold banks accountable and prioritize customer needs.

During tonight's presidential debate, the focus will be on the economy, inflation, and the fitness of President Biden and Donald Trump. Executives and investors will be listening closely for insights on how each candidate plans to handle business and economic issues in a potential second term.

Australia

Airwallex, a Melbourne unicorn, has seen significant revenue growth with new product launches and technological advancements. However, concerns about employee well-being have arisen due to the high-pressure environment. The company is also preparing for a potential IPO by 2026.

In the first half of 2024, Australian startups secured early-stage funding, showing promising growth. The standout startups included Andromeda Robotics ($3M), Bandicoot Imaging ($1M), and The Leaf Protein Co ($850K), all tackling unique challenges with innovative solutions.

2024 is the year Australian AI startups shine, with a variety of innovative artificial intelligence models raising capital for businesses. Exciting examples include SpatialGPT using AR hardware, VAPAR for sewerage solutions, and Empathetic AI for tax assistance.

Australian Economy

The MVP Ventures Program in NSW has been criticized for disproportionately funding businesses in affluent Sydney suburbs. This highlights a broader issue in the state's startup ecosystem, lagging behind Victoria and Queensland in government support for startups.

The Reserve Bank of Australia faces a dilemma as it grapples with an escalating inflation crisis. Unlike other global counterparts, the RBA's reluctance to raise interest rates could signal more rate hikes for Australians.

World

Even small and medium-sized enterprises can embrace sustainability by reusing waste. By taking stock, seeking collaboration, leveraging digital markets, and treating the shift as a major change, businesses can join the circular economy.

The ‘grindset’ is making a comeback for start-ups, now with a health twist. Start-up bosses are recommending ice baths to rejuvenate after long hours of work. A new trend in the entrepreneurial world.

Google Ads remains a powerful tool for reaching customers, but advertising in sensitive categories like pharmaceuticals or adult content presents unique challenges. Compliance, ethics, and creativity are essential for success. Stay informed, monitor policies, and understand your audience for effective advertising strategies.

Tech

YouTube is in talks with major record labels to use more songs for AI-generated clones. The focus on AI music comes as Google competes with OpenAI and Meta in the space. Some artists worry about AI's impact on creativity and compensation.

Organizations often focus on technical debt during transformation efforts, but process debt is just as crucial. Reprioritizing and remapping workflows can unlock the potential of AI technology, leading to more efficient and effective work processes.

Google Translate has successfully added 110 new languages with the help of generative AI. Notably, the expansion includes Cantonese, Balinese, and several African languages. Google aims to support 1,000 languages in total, a feat made possible by AI advancements.

Curated for you

In a puzzling trend, investors are increasingly favoring loss-making firms, such as unicorns. Research shows that delayed real profits should be the goal over short-term gains to avoid long-term shareholder wealth destruction. Losses still hold significant weight in decision-making.

Marketing consists of various techniques including market research, branding, and promotion. The American Marketing Association identifies the "four Ps" of marketing as product, place, price, and promotion. Market research is crucial before launching a business to ensure success.

Americans age 60+ lost over $3 billion to scammers in 2023. Elder fraud is on the rise due to targeting vulnerabilities like trust and lack of tech savvy. Prevention methods include education and reporting scams.

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