Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Australia lags in global AI race

Published

on

Australia’s AI lag prompts calls for substantial investment to stay competitive

 
Australia is falling behind in the global competition for artificial intelligence (AI), and without significant new investments, it risks missing out on future job opportunities, warns a report from the University of Adelaide’s Australian Institute for Machine Learning (AIML).

The analysis reveals that Australia’s AI investment as a percentage of its GDP significantly lags behind countries like South Korea, Singapore, France, Germany, and Japan. Furthermore, it notes a substantial deficit in the number of institutions dedicated to AI research in Australia.

The importance of AI research as a driver of innovation, which can revitalise existing industries and spawn new ones. To address this gap, AIML has proposed the creation of a National Centre of Excellence in Machine Learning, designed to bring together Australia’s top AI research groups and industry experts.

The AIML recommends an initial government investment of $80 million over four years, with additional funding from industry and universities. The proposed centre aims to nurture the next generation of AI experts, develop educational programs, and establish a national curriculum for vocational training.

News

Iran live updates: Trump claims Khamenei dead as Iran insists he remains in command

Published

on

video
play-sharp-fill

What’s happening in the Middle East?

Continue Reading

News

U.S. and Israel strike Iran as missiles hit Gulf bases and oil surges

U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.

Published

on

U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.

The United States and Israel have launched a sweeping military operation against Iran, striking leadership targets and more than 500 military sites in what President Trump has dubbed Operation Epic Fury.

Explosions have rocked Tehran, with civilians fleeing the capital as U.S. sea and air assets carry out sustained attacks. Washington says the mission is designed to prevent a nuclear armed Iran and has even called on Iranians to rise up against the regime.

Iran has retaliated with a barrage of missiles and drones targeting Israel and U.S. bases across the region, including in Qatar, Kuwait, the United Arab Emirates and Bahrain. While many projectiles were intercepted, a U.S. base in Bahrain sustained damage.

Gulf states long seen as stable hubs for global business are now directly in the firing line, raising fears of a wider regional war.

Oil prices are climbing and tankers are diverting from the Strait of Hormuz as markets react to the escalating conflict. U.S. aircraft carriers, advanced fighter jets and missile destroyers remain in position, signalling more strikes could follow.

With global leaders scrambling diplomatically, the world is watching to see whether this spirals further or shifts back to negotiations.Download the Ticker app

Continue Reading

News

Iran warns ships to avoid Strait of Hormuz

Iran warns ships to avoid Strait of Hormuz amid rising tensions and military buildup in the region

Published

on

Iran warns ships to avoid Strait of Hormuz amid rising tensions and military buildup in the region

video
play-sharp-fill
In Short:
– Iran’s Guard Corps advises ships to avoid the Strait of Hormuz due to rising tensions.
– Tankers have diverted to Qatar and UAE amidst concerns over safety and potential Iranian threats.
Iran’s Islamic Revolutionary Guard Corps has instructed ships to avoid the Strait of Hormuz, a crucial shipping lane linking to the Persian Gulf. About a hundred merchant vessels transit the strait daily, according to the U.S.Tensions have escalated recently as the U.S. increased military presence in the region and Iran issued threats. Western nations are concerned about Iran potentially laying sea mines to disrupt commercial traffic. Currently, no evidence suggests Iran has mined the strait.

Banner

Ships have been repeatedly warned against entering the strait, as stated by crews in the area and the European Union’s naval command, Aspides. On Saturday, dozens of tankers diverted, with some seeking refuge in Qatar and the United Arab Emirates while others opted to steer clear of the region, as reported by oil brokers and shipowners.

Shipping Concerns

Tensions continue to impact shipping operations as carriers remain cautious in the Gulf region.

Tanker crews reported hearing explosions near Iran’s Kharg Island, which is vital for the country’s oil exports, as it handles 90% of its crude oil shipments.


Download the Ticker app

Continue Reading

Trending Now