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Smashed avocado has been blamed for keeping millennials out of the housing market, given their taste for the popular brunch dish is difficult to give up. But it can also prove costly to cafe owners as well.
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The Australian
 

Good afternoon,

Welcome to your twice-weekly look at how generative AI is transforming the way we live, work and play – plus the latest news and analysis.

Smashed avocado has been blamed for keeping millennials out of the housing market, given their taste for the popular brunch dish is difficult to give up. But it can also prove costly to cafe owners.

A new AI-powered platform, used by more than 2000 restaurants in Australia, New Zealand, Singapore and the US, is making real-time assessments on avocado and other foods and letting cafes owners know when to bump up the price or ditch the dish altogether, saving some as much as $8000 per week.

Australian companies are demanding artificial intelligence start delivering a return on investment and delivering on its much-hyped productivity claims before they step up the adoption of the technology. 

More than 50,000 staff at Australia’s largest bank have just been given access to some of the most powerful artificial intelligence-powered tools in the region.

Let me know what you think — lynchj@theaustralian.com.au
Jared Lynch
Technology editor
EXCLUSIVE
How this Melbourne start-up is saving cafes $8000 a week
Smashed avocado has been blamed for keeping millennials out of the housing market, given their taste for the popular brunch dish is difficult to give up. But it can also prove costly to cafe owners as well.
SOHN HEARTS & MINDS
Tech investor cautious about over-hyped AI
Sumit Gautam avoids the word ‘bubble’ when describing the frenzy surrounding AI, but warns of the dangers of getting caught up in the hype.
DIGITAL TRANSFORMATION
‘Robot colleagues’ need to generate returns, say corporates
Australian corporates are increasingly seeking investment returns from artificial intelligence platforms as the technology becomes stuck in pilot phases rather than entering full scale production.
RECRUITMENT
Robotic recruiters to be unleashed in Workday upgrade
Dedicated AI tools are already reshaping recruitment across the world, but Workday is adamant that machines will never control human selection as it releases a new upgrade.
EXCLUSIVE
Australia has a new tech unicorn with a ‘$1bn’ valuation. But is there more to the story?
This little-known business says its AI technology can test for health issues including Covid and cancer via a phone app. Its website says ‘take a selfie, stay healthy’. But our analysis suggests the company may be worth much less than it claims.
BANKING
CBA leaps forward in banks’ AI race
The nation’s largest bank has just leapfrogged its big four competitors as it implemented some of the most powerful AI tools in the region.

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