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Here’s the plan to create 1 million tech jobs | ticker VIEWS

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The Tech Council of Australia is calling on Governments to help deliver one million jobs in the sector by 2025

Leaders in Australia’s technology sector including Google, Afterpay, Atlassian, and Tesla have banded together to create Australia’s Tech Council. The aim of the Council is to push for greater Government support and set Australia’s tech industry firmly on the global stage.

They provide a trusted voice for Australia’s technology industry, with an aim to advise and engage with Australian Governments, businesses, and the community. They’re endeavouring to support the ongoing creation, development, and adoption of technology across industries.

The members of the Tech Council have committed to work with Governments at all levels to ensure that Australia and Australians take advantage of the vast opportunities technology brings.

“We have released a roadmap to grow 1 million jobs in the tech industry by 2025”

Kates Jones, Executive Director, Tech Council of Australia

1 million tech jobs by 2025

The Council has launched its new roadmap to create 1 million jobs in the technology sector, by 2025. The Technology Council is working with Governments at all levels to create 1 million jobs, worth $250bn to the economy.

The technology industry is growing at a rapid pace, causing a demand for skill in the industry. The sector is looking for upskilling opportunities, more females and people who have never worked in the sector before.

The tech industry contributes approximately $167 billion to the national economy and employs about 861,000 people. This makes it equivalent to the economy’s third-largest industry, only just behind banking.

This will benchmark Australia against industries in Canada, the United Kingdom and the United States, which it has the untapped potential to do.

Breakthrough for the sector

This move represents a breakthrough for the sector with extraordinary technology entrepreneurs and heavyweights behind the Tech Council of Australia.

Technology has often been seen as a niche part of corporate Australia, with more traditional industries like banking or mining labelled as the pinnacle of financial success. However, that is not the case anymore.

Australia’s economy has historically relied on commodities, but tech is shifting this narrative. The Australian tech industry has struggled to get support, but with top technology entrepreneur putting their names on the line to back the industry, the Government is now listening.

Heavy hitters in the Australian tech sector have come together to create jobs and turn Australia into a global tech hub.

“The tech sector is going to grow,

what we want to see is Aussie’s working in those jobs and being able to keep those jobs here on Aussie shores.”

Kates Jones, Executive Director, Tech Council of Australia

“This is going to be the fastest growing part of our economy,

it’s a $250 billion industry right now and will continue to grow.”

Kates Jones, Executive Director, Tech Council of Australia

 

Holly is an anchor and reporter at Ticker. She's experienced in live reporting, and has previously covered the Covid-19 pandemic on-location. She's passionate about telling stories in business, climate and health.

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Tech

Ramifications of a TikTok ban to impact Open Internet

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The United States’ longstanding advocacy for an open internet faces a critical juncture as Congress considers legislation targeting TikTok.

The proposed measures, including a forced sale or outright ban of TikTok, have sparked concerns among digital rights advocates and global observers about the implications for internet freedom and international norms.

For decades, the U.S. has championed the concept of an unregulated internet, advocating for the free flow of digital data across borders.

However, the move against TikTok, a platform with 170 million U.S. users, has raised questions about the consistency of America’s stance on internet governance.

Read more – Big tech to handover misinformation data

Critics fear that actions against TikTok could set a precedent for other countries to justify their own internet censorship measures.

Russian blogger Aleksandr Gorbunov warned that Russia could use the U.S. decision to justify further restrictions on platforms like YouTube.

Similarly, Indian lawyer Mishi Choudhary expressed concerns that a U.S. ban on TikTok would embolden the Indian government to impose additional crackdowns on internet freedoms.

Moreover, the proposed legislation could complicate U.S. efforts to advocate for an internet governed by international organizations rather than individual countries.

China, in particular, has promoted a vision of internet sovereignty, advocating for greater national control over online content.

A TikTok ban could undermine America’s credibility in urging other countries to embrace a more open internet governed by global standards.

 

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BlackRock CEO Larry Fink says AI leads to higher wages

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Larry Fink, the CEO of BlackRock Inc., has outlined his vision for the impact of the firm’s investment in artificial intelligence.

During the company’s recent earnings call, Fink emphasized the connection between productivity gains driven by AI and the potential for rising wages among BlackRock’s workforce.

He explained the firm’s ambition to leverage AI technology to enhance efficiency, enabling employees to accomplish more with fewer resources.

Fink’s remarks underscore BlackRock’s strategic approach to harnessing AI as a tool for optimising operations and driving organisational growth.

Read more – Australia’s productivity gap widens

By leveraging AI-driven productivity enhancements, the company aims to empower its employees to deliver greater value, thereby paving the way for wage increases across the organisation.

The CEO’s statement reflects a broader trend in the intersection of technology and labor dynamics, where advancements in AI and automation have the potential to reshape workforce dynamics and compensation structures.

Fink’s optimism about the transformative impact of AI investment on employee wages highlights BlackRock’s commitment to embracing technological innovation as a catalyst for sustainable business growth and employee prosperity.

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How Udio could threaten the entire music industry

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The music industry faces a formidable challenger in the form of AI technology application Udio.

With the emergence of a groundbreaking new app, concerns are mounting over its potential to revolutionise music creation and consumption.

The app, powered by advanced algorithms and machine learning, promises to streamline the music production process, allowing users to generate high-quality tracks with minimal effort.

Tom Finnigan from Talkingbrands.ai joins to discuss Udio, along with the goods and bads of AI integration in the music industry.

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