News
Blow for Microsoft after Pentagon cancels $10B “JEDI” contract
The US Pentagon has scrapped plans to move forward with a $10 billion cloud computing contract
The US Department of Defence says the JEDI contract was no longer viable because of “the shifting technology environment”.
It initially offered Microsoft the contract, following clashes with Amazon over the deal. Amazon claiming former US President Donald Trump influenced the decision.
Both companies will now have the ability to bid for the new contract, with the Department of Defence saying it will now seek new proposals “from a limited number of sources”.
Amazon previously launched a legal challenge against the so-called “JEDI contract”. It claimed the decision to favour Microsoft was political.
But why the fight between Amazon and Microsoft?
The two companies are allegedly the only suppliers that are capable of carrying out such a complex operation.
The Pentagon says “cloud conservancy technology has evolved”, but it’s evident that Trump’s influence over the initial decision also had an impact.
The Pentagon would have likely been subjected to ongoing legal battles if Microsoft carried out the deal.
News
Ukraine backs US-led peace accord as final details near completion
Ukraine supports US-led peace accord to end war with Russia, aiming for resolution of final elements soon.
Ukraine supports US-led peace accord to end war with Russia, aiming for resolution of final elements soon.
Ukraine has signalled support for a US-led peace accord aimed at ending the war with Russia, with officials confirming that only minor elements remain to be finalised. The framework represents the most significant diplomatic breakthrough since the conflict began.
According to Ukrainian officials, Kyiv fully supports the essence of the proposal, while Washington says progress is encouraging but further negotiations are required. The agreement focuses heavily on territory held by Russia and the security guarantees needed to protect Ukraine long-term.
With momentum building, global attention now turns to how remaining issues will be resolved and how soon a final agreement can be reached.
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#Ukraine #Russia #PeaceTalks #USPolitics #Geopolitics #WarInUkraine #Diplomacy #BreakingNews
News
Australia launches new AI Safety Institute to protect the nation
Australia launches the AISI to ensure responsible AI, enhance safety, and lead globally in ethical AI development.
Australia launches the AISI to ensure responsible AI, enhance safety, and lead globally in ethical AI development.
Australia is taking a major step toward responsible artificial intelligence with the creation of the Australian Artificial Intelligence Safety Institute (AISI). The new body aims to assess AI risks, strengthen national protections and position the country as a global leader in safe and ethical AI development.
In this episode, Dr. Karen Sutherland from UniSC explains what sparked the institute’s creation, how it will operate, and the key functions it will serve in helping government and industry navigate fast-moving AI challenges. She breaks down how the AISI plans to elevate national understanding of advanced AI systems and collaborate with the wider National AI Centre network.
We also explore how the AISI will support international agreements, protect the rights of Australians and help businesses keep pace with rapidly evolving AI technologies. Plus, we look at the institute’s long-term ambitions in shaping the global AI safety landscape.
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#AISafety #ArtificialIntelligence #AustraliaTech #TechPolicy #FutureOfAI #DigitalSafety #InnovationNews #TickerNews
News
RBA holds rates as investors shift from property to stocks
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.
The decision has shifted attention away from the property market, with experts suggesting the stock market may offer stronger opportunities, especially for those looking to outpace inflation over the long term.
We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.
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#RBA #Interestrates #AustraliaEconomy #StockMarket #InvestingTips #WealthWithin #FinanceNews #TickerTV
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