How Can Small Businesses Make AI Work For Them?

Latest business news and stories

Author

Maziar Foroudian
July 31, 2023

Latest Stories

This weekly feature from Dynamic Business runs down the week’s top funding rounds from Australia.

Japanese SMEs are eyeing net zero opportunities Sydney.

Global Sisters receives more than $736,000 from Google.org to support 100 women with disabilities to create sustainable self employment and economic security.

CapTech 2023 will be held in Sydney from 24-27 October, featuring dynamic discussions, unparalleled networking, and game-changing collaborations, with a grand global summit taking place at ICC Sydney on 25 October.

What is AI? What do SMBs think of the technology? And how can it be used to drive better outcomes? Read insights from Vijay Sundaram, Chief Strategy Officer at Zoho Corporation and Official Member of Forbes Business Development Council.

Nicholas Woodward, Country Manager of PACK & SEND, dives into the different courier options for businesses of any size and thought this would be an interesting article to share.

A new tool is set to be launched by RIMPA.

Xero’s Small Business Index (XSBI) has revealed Australian small businesses have been resilient to recent economic challenges of the first half of the year.

Dr. Hazel MacTavish-West and the Seedlab Australia team have shared their crucial tricks, tips and advice for small businesses stepping into the new financial year.

New research from Roy Morgan shows an estimated 1.43 million (28.7%) mortgage holders were ‘At Risk’ of ‘mortgage stress’ in the three months to June 2023.

Silicon Quantum Computing (SQC) has closed its Series A capital raising to fund its ongoing quest to manufacture the world’s first scalable, error corrected quantum computer

Top stories

As mortgage rates rise and cashback offers disappear, the Reserve Bank of Australia may be under less pressure to raise interest rates, despite growing expectations of a falling cash rate and declining consumer spending. While this may be uncomfortable for borrowers, bank investors are welcoming the higher rates and are putting pressure on the lenders to increase profitability.

Australia

Macquarie's decision to step back from the mortgage war has sparked speculation about its motives. Some bankers believe Macquarie aimed to capture a 5% market share without provoking competition, while others suggest the pressure to generate strong returns on equity played a part.

Australia’s largest banks are increasing their fixed rates and abandoning their previously competitive approach in order to offset rising funding costs. This comes as all four big banks have raised their fixed rates in recent weeks.

While overall inflation seems to be slowing, rents in Sydney and Melbourne continue to soar. But why do the official figures not match people's experiences of steeper rent increases?

World

The International Monetary Fund has raised its forecast for global growth this year, indicating signs of resilience in the world economy despite lingering inflation and the slow recovery in China. However, the IMF warns that serious risks still remain.

American consumers defy expectations as they continue to spend, propelling the economic recovery forward. However, economists warn that this spending spree may be short-lived as headwinds approach. Find out more in this insightful article.

A major slowdown in ocean currents, caused by human-driven warming, could have significant ripple effects on global weather patterns by the end of the century, warn researchers in Denmark.

Tech

Microsoft's Bing Chat is breaking free from the exclusive grasp of the Edge browser and is now available on Chrome and Safari, with plans to expand access even further in the near future. With the power of OpenAI's ChatGPT-4, users can enjoy detailed responses and up-to-date information, all without having to pay.

X, formerly known as Twitter, has introduced a new format for labeling paid advertisements. Users are concerned that the new label obscures the fact that the post is an advertisement, making it difficult to differentiate between organic and sponsored content.

The rise of NFTs has attracted attention from business owners and digital content creators looking to profit from this new trend. Learn how to sell and trade NFTs in this comprehensive guide.

Curated for you

Looking for ways to boost foot traffic and attract more customers to your retail store? This article provides 50 effective tips, from sprucing up your store sign to hosting in-store events, to help you increase visibility and boost sales.

In the ever-evolving world of startups, the decision to change a company's name is a delicate one. Learn from the experiences of branding experts and discover when it's best to hold onto your brand equity or embrace a new identity. Read more here.

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