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Tech

TikTok will be included in government’s News Media Bargaining Code

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The Australian government has expressed its intention to consider including TikTok in the revised News Media Bargaining Code, alongside tech giants Google and Meta.

Assistant Treasurer Stephen Jones revealed the government’s stance, suggesting that TikTok should be encompassed within the code, which mandates tech giants to financially support Australia’s news media.

“TikTok is carrying media but is not included. I believe TikTok should be included. That’s the obvious move at this moment,” Jones stated in an interview with The Australian.

The News Media Bargaining Code, introduced in February 2021, obliges technology giants like Google and Meta to make payments for utilizing content produced by news organizations.

The primary objective of this code is to address the prevailing imbalance between foreign tech giants and smaller media entities.

Jones emphasised that, despite the fact that Google and Meta have already entered into over 30 commercial agreements following the code’s implementation, there are numerous other social media platforms that continue to utilize news media content without financial compensation.

Employ government powers

Furthermore, Jones asserted that while tech companies and social media platforms are expected to engage in good faith negotiations for new commercial agreements, the government possesses the authority to employ its powers under the code, and it is not hesitant to do so when necessary.

In response to these developments, TikTok declined to provide a comment.

This announcement follows Nine Entertainment’s CEO, Mike Sneesby, advocating for the consideration of video content in the renegotiation of news media bargaining code deals.

This request came after Facebook and Instagram demonstrated an increased focus on video content within their platforms.

Speaking at Nine’s Annual General Meeting (AGM) in the previous year, Sneesby pointed out the significant rise in the utilisation of video content, encompassing news, sports, and entertainment-related content, on Facebook and Instagram’s Reels platforms.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Australia’s workforce revolution sets the stage for a four-day work week

Australia’s AI Workforce Revolution: Automation Paves the Way for a Four-Day Work Week and New Job Redesigns.

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Australia’s AI workforce revolution: automation paves the way for a four-day work week.

In Short

UiPath’s report highlights the rapid shift towards “agentic automation,” where AI makes autonomous decisions, encouraging businesses to reassess roles and harness automation for productivity. This evolution may enable a four-day work week and necessitates the retraining of staff while ensuring regulations are in place for trust and compliance with AI integration.

The trend towards work reallocation is rapidly advancing, with UiPath’s new report identifying significant shifts in AI and automation.

Key insights from the report suggest a move towards “agentic automation,” where AI begins to make autonomous decisions. Yelena GalstianHead of Solutions and Customer Advisory at UiPath shares her key insights.

Organisations are encouraged to reassess existing roles and identify areas where automation can enhance productivity.

A critical aspect will be the orchestration of collaboration between human employees, AI agents, and software robots to ensure effective teamwork.

Looking ahead, the motto for businesses is to “redesign and reassign” processes while considering how AI can handle repetitive tasks, allowing human employees to focus on more complex responsibilities.

As organisations embrace these changes, we could see a potential transition to a four-day work week, made feasible through increased efficiency and productivity from AI.

For further insights into the research and methodologies for implementing AI in business, interested parties can connect with the UiPath team through their website.

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Data centres pushed to breaking point as AI demands surge

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The hidden cost of AI’s unstoppable growth

The rise of AI is pushing data centres to their limits, with increasing demands for high-resolution telemetry and greater power capacity. As AI applications grow more complex, managing these challenges efficiently has become a critical focus for industry leaders. The quest for smarter solutions is reshaping the infrastructure landscape. Luke Dalske, COO of Radix IoT, joins the program to discuss.

 

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AI’s role in transforming supply chains: Efficiency, forecasting, optimisation

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AI is transforming supply chains: enhancing efficiency, demand forecasting, delivery optimisation through advanced technologies.

Supply chain issues continue to challenge industries worldwide.

AI is increasingly seen as a solution to enhance efficiency and resilience within this sector.

To understand its impact, Jyot Singh, CEO of RTS Labs, joined to share his insights.

By utilising historical data, algorithms can predict future demand, facilitating better inventory management.

Additionally, advances in generative AI further enhance these forecasts by incorporating sentiment analysis and other factors.

AI also optimises delivery routes by analysing real-time data on traffic and weather conditions, thus reducing costs.

Companies, such as UPS, utilise technologies to streamline last-mile delivery, which is the most expensive portion of the supply chain.

AI’s role extends to improving vendor management and procurement efficiency through smart contracts and data-driven decision-making.

This helps businesses assess vendor reliability and make informed choices about allocating resources effectively.

Moreover, the digital twin technology allows businesses to simulate their supply chains virtually, testing various scenarios to identify potential disruptions.

American technological research and consulting firm Gartner predicts that by 2026, 60% of global supply chains will adopt digital twin applications, enhancing their ability to manage complex logistics.

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