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Why Microsoft jumped and Google slumped when both beat expectations

A modest gap in cloud computing performance pushed the tech giants’ share prices billions in different directions, showing investors care about one thing: AI.

  • Nick Bonyhady

This Month

Member for Bennelong Jerome Laxale and Federal Minister for Industry and Science Ed Husic tour the Institute of Applied Technology learning centre during a Microsoft press conference at Meadowbank TAFE.

Microsoft alliance opens door to private spending on national security

Former national cybersecurity adviser Alastair MacGibbon says the government cannot hope to fight off cyber threats without big-money private operators.

  • Tess Bennett
Microsoft Australia and New Zealand boss Steven Worrall.

Microsoft’s new $5b Aussie deal is a massive tech land grab

The tech giant’s Australian investment is a significant move to commandeer two of the biggest and most lucrative global technology bandwagons.

  • Paul Smith
Jonathan Barouch’s company Local Measure has grown rapidly since a pandemic product pivot.

High-profile founders cash in as tech investor confidence returns

Big funding rounds are returning to the Australian tech centres and Local Measure and Darwinium are the latest to raise without hurting their valuations.

  • Paul Smith and Tess Bennett

AirTrunk flags new Osaka data centre as it eyes $10b-plus IPO

The announcement comes in the midst of a purple patch for the firm, and the sector more generally, buoyed by the soaring demand for cloud computing.

  • Nick Lenaghan
Telstra wants to use Versent to expands the services it provides, including more cloud computing services

Telstra seals $267m Versent deal to boost digital services

Analysts say the deal gives Telstra access to a workforce with expertise in highly sought after areas of cloud, security, digital and data services.

  • Jenny Wiggins and Tess Bennett
Telstra, under chief executive Vicki Brady, is keeping its string of bolt-on M&A alive.

Telstra flexes M&A muscle to grow in consulting

The telco is always hard to beat when it wants something. This time it is cloud consulting business Versent, which has 500 employees.

  • Anthony Macdonald


AWS is the world’s largest seller of on-demand computing power and data storage. But it has been widely seen as a laggard in computer models trained to generate text, images and other content.

Amazon to invest more than $6b in AI startup Anthropic

Anthropic will get access to Amazon’s computing power and the funds needed to help it cover the huge costs required to train and run massive AI models.

  • Ed Ludlow, Matt Day and Dina Bass

Five ways to beat the odds on digital transformation

Around 70 per cent of digital transformations fail to deliver. Here’s how to make sure your company beats the odds.

  • Michael Schniering

How Digital Transformation Leaders entrants are assessed

Leading digital transformation entrants submit a clear set of initiatives and outcomes.

  • BCG Team
Investors are pouring billions into data centres.

Energy-hungry data centres can also be a source of power

The facilities use a lot of energy, but could also be tapped as a local power source for buildings or precincts – if Australia’s laws allow it.

  • Michael Bleby


NextDC CEO Craig Scroggie says the demand for AI will generate “extraordinary growth” for the data centre company.

NextDC plans nearly $1b spend on data centres as AI wave looms

The Brisbane-based company told shareholders it had signed the largest amount of new contracts in its history during the past financial year.

  • Tess Bennett


Microsoft CEO Satya Nadella was in full sales mode on the AI revolution.

The one word AI believers didn’t want to hear from Microsoft

Chief executive Satya Nadella was selling the artificial intelligence revolution hard on Wednesday. But the pay-off remains a little further away than investors may have expected.

  • James Thomson
SAP Australia managing director Damien Bueno

SAP invests in new Aussie facility to target critical infrastructure deals

The Australian arm of German software giant SAP has opened a new sovereign cloud computing facility, at an undisclosed location, to meet increased demands from government agencies and some companies.

  • Tom Burton
DSS provides storage services that compete with tech giants like Microsoft and Amazon, but works with blockchain-based technology, and cryptocurrencies that the ASX doesn’t approve of.

Tech firm looks to Nasdaq as ASX knocks back another crypto IPO

The ASX has knocked DSS from listing on the local bourse because the company data storage provider uses underlying blockchain technology.

  • Jessica Sier
The Australian technology sector has ended the year up 27 per cent.

The ASX minnow whose shares have surged 70pc this year

ASX minnow Dropsuite’s share price has risen almost 70 per cent this year, making it one of the best performing software stocks on the ASX, and analysts say it could triple.

  • Tess Bennett


Microsoft to build $1.3b Sydney data centre

Microsoft is pushing ahead with construction of a major data centre in western Sydney months after a separate one was blocked by local councils.

  • Campbell Kwan
AirTrunk plans to develop its second data centre in Hong Kong. AirTrunk HKG2 (HKG2), the data centre will be scalable to over 15 megawatts (MW) and located in a new, major cloud availability zone in East New Territories. Initial capacity is expected to be delivered to the anchor tenant in mid-2024.

AirTrunk to develop new regional data centre in Hong Kong

The data centre operator wants to tap the extra demand for cloud computing arising from artificial intelligence, and says Hong Kong’s proximity to China is an attraction.

  • Michael Bleby


PwC had been a front runner to win the contract to run the online 2026 census.

Tax leak scandal puts PwC’s 2026 census hopes in jeopardy

The firm’s chances of winning for a second time the contract to run the online 2026 census have dimmed as procurement rules will take ethical conduct into consideration.

  • Tom Burton and Edmund Tadros
Craig Scroggie is planning to expand his data centre business to New Zealand and Malaysia.

NextDC raising $618m for Asia data centre dream

NextDC has embarked on raising $618 million to fund its expansion into New Zealand and Malaysia.

  • Tess Bennett