Government Investment stories

Elon Musk says Tesla may build a vast in-house 'terafab' chip plant to secure AI supply and hints at potential manufacturing talks with Intel.

Motorola launches Avigilon Visual Alerts, an on-prem AI system that spots bespoke safety and security risks across complex camera networks.

Cicada Innovations, Australia's deep tech incubator, has generated an economic impact exceeding AUD $8 billion over 25 years, driven by AUD $6.5 billion raised.

South Australia's tech workforce is set to nearly double by 2035, boosting the economy by AUD $5 billion and creating 49,000 new skilled jobs.

Victoria's tech sector adds $36 billion and employs over 300,400, with workforce expected to exceed 700,000 by 2035 amid strong upskilling efforts.

Beaten Zone Venture Capital Fund 1 has gained Early Stage Venture Capital registration, targeting AUD $451m in defence tech investments with tax benefits for partners.

The satellite IoT market is set to grow at a 26% CAGR to reach USD $4.7 billion by 2030, driven by tech advances and rising demand for remote connectivity.

Australia's workforce grew 22.9% since 2014, with dramatic rises in aged care and tech roles, while traditional jobs like travel agents and farmers declined.

The global intelligent transport system market is forecast to grow from USD $41.7bn in 2024 to USD $124.8bn by 2035, driven by urbanisation and tech advances.

Retail crime is surging in Australia, with a 22% rise in return fraud. Experts urge government investment in technology to combat these threats.

The Australian Computer Society has backed the Federal Government's budget proposal, introducing tax cuts aimed at benefiting technology professionals across the country.

Morningstar Australasia and SuperAPI have teamed up to improve how Australians manage their superannuation as they enter the workforce.

Consent Labs expands operations in Victoria to meet demand for consent education, supported by a Federal Government investment of AUD $117.6 million.

Amazon Web Services partners with the Australian Epilepsy Project to create the world's largest connected epilepsy dataset, leveraging AI for enhanced patient care.

The global smart city kiosk market is set for robust growth, expanding from USD $26.9 billion in 2023 to USD $93.7 billion by 2034, with a 12.2% CAGR, per Future Market Insights.

Australia's digital health investment yields $19.70 in capital, 56 jobs and AUD 4.2m in gross economic value for every AUD $1m invested, according to a landmark report.

High upfront costs, inadequate charging stations, and 'range anxiety' are impeding EV adoption in Australia and NZ.

Swift digitization and inclusion of IoT devices in manufacturing and corporate spaces to plunge the automated test equipment market at US$23.76 billion by 2033.

A key factor in growing the number of women founders is attracting and retaining more women in the sector in the first place.

Asia Pacific VC firm Investible appoints Charlie Ill as CIO to create single investment team, deploy Early Stage Fund 2 and Climate Tech Fund.