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Tech

Will Google and Facebook pay smaller news publishers?

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Australian mining billionaire Andrew Forrest, will help 18 small news publishers to negotiate with Google and Facebook.

The philanthropist will help the organisations to secure licensing deals for the supply of news content.

Forrest’s Minderoo Foundation will submit an application with the country’s competition regulator, which allows the publishers to bargain without breaching competition laws.

Forrest is Australia’s richest man and the largest shareholder of iron ore miner, Fortescue Metals Group.

Facebook and Google have been required to negotiate with Australian outlets for content that drives traffic and advertising to their websites.

If they don’t, the government may take over the negotiation.

Both companies have since struck licensing deals with most of Australia’s main media companies.

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Tech

Key investor interests when evaluating a startup

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a article highlighting the top 20 Australian startups of 2023,  global consultancy KPMG shed light on the thriving entrepreneurial landscape down under.

Successful Australian startups play a pivotal role in contributing to the economy. They drive innovation, create employment opportunities, and often disrupt traditional industries, promoting growth and competition. These startups infuse new technologies, products, and services into the market, positioning Australia as a forward-thinking player in the global economy.

Over the years, the investment landscape for startups has witnessed significant evolution. Initially, funding for startups was relatively scarce, hindering their growth and potential.

However, in recent times, there has been a notable surge in investment, both from local and international investors. This shift can be attributed to various factors, including government initiatives, increased venture capital interest, a burgeoning pool of skilled entrepreneurs, and successful exits from earlier startups, instilling confidence in the ecosystem.

Australia has emerged as an increasingly attractive destination for startup investments on the global stage. Several factors contribute to this allure.

Australia boasts a highly educated workforce and a culture of innovation, fostering a conducive environment for startups to thrive. Additionally, the country offers various grants, tax incentives, and incubator programs, encouraging entrepreneurship and attracting both talent and capital from around the world.

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Southern Hemisphere’s largest gaming event

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It’s time to dust off the controllers and gear up for an extravaganza of gaming festivities as PAX Aus marks its glorious 10th year.

PAX Aus has become more than just an event; it’s a second home for enthusiasts and a hub for fostering new friendships.

Often considered a sanctuary for gamers and tech-heads alike, it’s where friendships are solidified over epic virtual battles and alliances are formed through shared gaming experiences. It’s a place where attendees can unearth hidden indie treasures, immerse themselves in epic sessions of Catan until dusk, and savor those delectable kebabs while making everlasting memories.

Melbourne plays host for the big event which starts on Friday the 6th Oct and runs until Sunday 8th

Over the years, attendees have witnessed heartwarming wedding proposals, indulged in sweet rolls, navigated through unexpected ibis infestations, belted out sea shanties, and devoured countless servings of kebabs. This one-of-a-kind atmosphere has made PAX Aus an unmissable event for gamers across Australia.

PAX Aus 2023 promises a true embodiment of the decade-long journey, with every moment resonating with the thrill and joy that have defined the convention. Attendees can expect an immersive gaming experience, a showcase of cutting-edge technology, and a community that has grown and evolved over the years.

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Why isn’t there an EV for all?

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Many are asking where the “People’s car” is – A cost effective and mass produced EV to cut through the market.

The transition to electric mobility has been slow due to various reasons, such as high production costs, limited battery technology, and the need for a robust charging infrastructure.

Mike Costello is a longstanding and respected motoring journalist who outlines a few reasons we haven’t seen the uptick of an electric vehicle that can tick the boxes of a larger group of people.

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