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Family tracking company Life360 will pocket about $30.2m from a deal with an Israeli AI company that uses its data to sell insights to developers and town planners.
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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.

Life360 has pocketed about $US20m ($30.29m) from the extension of a partnership with an Israeli AI firm that leverages its data to sell insights to property developers, town planners and retail stores.

The new chatbot Meta has installed on Instagram and WhatsApp accounts is failing to make simple mathematical calculations, with the AI generator struggling with times tables and often reading decimals incorrectly.

NBN Co is gearing up for the AI era, banking on the fact that the relatively new technology will significantly increase demand for its fibre network.

Let me know what you think — lynchj@theaustralian.com.au
Jared Lynch
Technology editor
EARNINGS
Life360 revenue boosted by AI data deal extension
Family tracking company Life360 will pocket about $30.2m from a deal with an Israeli AI company that uses its data to sell insights to developers and town planners.
TELECOMMUNICATIONS
NBN losses widen but expects an AI financial spark
The government-run telco is betting big on the need for fibre and higher-speed internet as AI computing moves to centre stage.
SMARTPHONES
Google is finally getting in the fold
The US tech giant is bringing its folding phone to Australia to crank up the competition with Samsung, Oppo and Microsoft, launching a new Pixel 9 range with the Fold, Pro, Buds Pro 2 and Pixel Watch 3.
EXCLUSIVE
Meta’s AI fails basic maths tests that others pass
Meta’s new chatbot that it installs on Instagram and WhatsApp accounts is failing to make simple mathematical calculations, with the AI generator struggling with times tables and often reading decimals incorrectly.
INVESTING
Tech volatility no cause for panic, say investors
Tech investors are feeling on edge thanks to the major sell-off but industry experts are confident that the downturn won’t endure.
HIGHER EDUCATION
Hi-tech fashion: ‘It’s not grandma’s sewing class’
Swinburne University of Technology says a new course is not about stitching fabrics but encouraging students to push the boundaries of technology for the future of sustainable fashion.

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