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.

Helfie AI once told potential investors it would be among the country’s most profitable private companies in two years with gross profit margins between 60 to 90 per cent. While it claims to be Australia’s latest billion dollar tech unicorn, ASIC documents obtained by The Australian show that it may be worth less than $50m.

AirTrunk founder Robin Khuda’s ambition of hoisting the data centre operator into a $100bn colossus is within reach. Bain & Co says the artificial intelligence boom will propel the dizzying valuation, with the entire sector expected to become worth more than $1.4 trillion.

Demand for more powerful compute is also sparking a significant transformation across data centres, with their shape, design and overall architecture changing.

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