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.

Meet Steve Hasker, the Australian man who got 125-year-old Thomson Reuters match fit for the artificial intelligence boom.

In the four years since, Thomson Reuters’ profit margin has soared to above 30 per cent, its growth rate has vaulted from 2 to more than 6 per cent. And investors have lapped it up. Its share price has more than doubled, giving the company a market value of $US73.53bn ($112.32bn).

Companies and public agencies around the world are ratcheting up investment in generative artificial intelligence, despite the lion’s share having concerns AI bias could trigger “embarrassing outcomes”, a new report has found.

News Corporation chairman Lachlan Murdoch has delivered an impassioned paean to “real journalism” and its importance in a democratic society, as he warned of the serious challenges – such as the wild spread of fake news and the algorithmic biases of social media – confronting the industry.

Let me know what you think — lynchj@theaustralian.com.au