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A lawyer who abandoned the profession to teach himself coding, and now counts Canva and Fonterra as customers, has accelerated the development of his new AI tool.
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The Australian
 

Good afternoon,

A lawyer who abandoned the profession to teach himself coding — and now has customers from Canva to Fonterra — has raised $US16m to accelerate the development of his artificial intelligence-powered contract review software.

Big tech and social media giants including Google and Meta face up fines to $50m if they allow hate, terrorism and crime to flourish on their Australian platforms, after a Labor-commissioned review found penalties against tech companies are too weak.

Australian companies have been given an artificial intelligence reality check, with 58 per cent of those who have invested in programs and applications saying the technology has fallen short of ­expectations.

Let me know what you think — lynchj@theaustralian.com.au
Jared Lynch
Technology editor
CAPITAL RAISING
Self-taught coder raises $25.6m to ride AI boom
A lawyer who abandoned the profession to teach himself coding, and now counts Canva and Fonterra as customers, has accelerated the development of his new AI tool.
CYBERSECURITY
Enshrine speedy response against scams into law, says CBA
CBA wants policymakers to include rules in the Scams Prevention Framework that require within 48 hours action by telcos, social media providers and banks, to disrupt scams.
SOCIAL MEDIA
Twiggy backs ALP’s online safety law reforms
Tech and social media giants including Google and Meta face fines up to $50m if they allow hate, terrorism and crime to flourish on their Australian platforms.
EXCLUSIVE
AI to drive new generation of winners and losers
New York-based analyst Viktor Shvets says the next decade promises to be the most critical in terms of the transition from today’s capitalism to a yet-to-be-defined alternative system.
DIGITAL INVESTMENT
Second thoughts on AI as results fall short
Investments in artificial intelligence are failing to pay off, a new survey shows, despite Australian companies feeling pressured to invest in the technology.
WEALTH
How DeepSeek has exposed the short lifespan of monopolies
The top investors will tell you that monopolies are the best investments money can buy but as the emergence of China’s DeepSeek shows, assumptions about sectors can be short lived.

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