Tech News

Australia to oust monarch from banknotes

Australia will erase the British-based monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honouring Indigenous culture, the central bank said Thursday.. A British-based monarch has featured on Australian banknotes since 1923, and was on all paper bills until 1953, the year of Elizabeth II's coronation.

Who are the best new artists? Check TikTok

After several years of Grammy ceremonies with clear frontrunners for Best New Artist, Sunday's race is wide open -- but no matter who wins, many of the nominees have TikTok to thank.. In some ways, Cirisano says, this has been democratizing, opening doors "for so many artists that maybe never would have had the means or the resources, or just by luck been able to get the attention of anyone in the industry."

Seeing is believing? Global scramble to tackle deepfakes

Chatbots spouting falsehoods, face-swapping apps crafting porn videos and cloned voices defrauding companies of millions -- the scramble is on to rein in AI deepfakes that have become a misinformation super spreader.. In a study, media watchdog NewsGuard, which called it the "next great misinformation super spreader," said most of the chatbot's responses to prompts related to topics such as Covid-19 and school shootings were "eloquent, false and misleading."

Australia to remove monarch from banknotes

Australia announced Thursday it will erase the British monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honouring Indigenous culture.. The Reserve Bank of Australia said it would consult with Indigenous people on a new design that "honours the culture and history of the First Australians".

Meta reports sales fall, but beats expectations

Facebook and Instagram owner Meta on Wednesday reported its first annual sales drop since the company went public in 2012, but the fall was less brutal than expected, sending its share price soaring.. Investors last year punished Meta, sending the company's share price down by an astonishing two thirds over 12 months, but the stock has so far recovered some of the ground in 2023.

US Fed unveils smaller rate hike but signals inflation fight not over

America's Federal Reserve slowed its pace of interest rate hikes Wednesday, tempering an aggressive campaign to rein in costs as inflation cools, but signaled the battle is not yet over.. The aim is to rein in inflation, which surged to its fastest pace in decades last year but has since come off a peak.

ChatGPT: the promises, pitfalls and panic

The excitement around ChatGPT - an easy to use AI chatbot that can deliver an essay or computer code upon request and within seconds - has sent schools into panic and turned Big Tech green with envy.. - Just like Google - ChatGPT is powered by an AI language model that is nearly three years old - OpenAI's GPT-3 - and the chatbot only uses a part of its capability. 

EU unveils plan to counter US green subsidies, China competition

The EU on Wednesday unveiled proposals including a controversial relaxation of state aid rules to counter the threat to European industry from US green subsidies and unfair competition from China.. The EU's competition chief Margrethe Vestager however insisted Brussels would act carefully and the relaxation of state aid rules would be "temporary, well targeted".

Business and consumers hamper climate fight: report

Corporations and consumers are the main obstacle to the emissions cuts needed to keep global warming to the 1.5-degree Celsius limit, researchers said Wednesday, adding that "positive signs" in other areas are not yet enough to meet climate goals.. That 2015 deal saw nations agree to limit global warming to well below two degrees Celsius since pre-industrial times, preferably 1.5C.  Researchers looked at 10 societal factors that they considered to be the most important drivers of decarbonisation and found that currently none are yet at a level that would lead to the dramatic emissions reductions needed by 2050.

What does hitting the debt ceiling mean for the US?

The United States hit its borrowing cap of $31.4 trillion in January, prompting the start of measures to avoid a default as Democrats and Republicans head towards another clash on raising or suspending the country's debt limit.. The debt limit is a legally established maximum on how much the United States can borrow to pay the government's bills, for everything from social welfare programs to salaries for the military.