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Australia news live: shadow arts minister Angie Bell, a former musician, says AI giants must pay for content

The Guardian

Follow the day's latest updates Court approves $23.5m fine and costs order against ASX Shadow arts minister says AI companies need to do what everyone else does: 'ask permission and pay for it' Albanese defends gambling reforms, says he's'not against someone having a punt' Pocock says it's'tragic' gambling reforms don't go nearly far enough Shadow arts minister says AI companies need to do what everyone else does: 'ask permission and pay for it' If AI companies want to use Australian creative work, they should do what everyone else does: ask permission and pay for it. Australian creativity is one of our greatest national assets - not a free resource for multinational tech companies. The Coalition will always back the right of artists to control their work and be fairly compensated when others profit from it. This is about consent, fairness and respect for Australian creativity. Court approves $23.5m fine and costs order against ASX Shadow arts minister says AI companies need to do what everyone else does: 'ask permission and pay for it' Albanese defends gambling reforms, says he's'not against someone having a punt' Pocock says it's'tragic' gambling reforms don't go nearly far enough Court approves $23.5m fine and costs order against ASX A federal court judge has ordered the ASX operator to pay $23.5m in penalties and costs after the company admitted to making a misleading statement about a troubled upgrade for technology required to run the stock exchange.


Software sell-off deepens amid AI fears in 'echoes of dot-com crash' – business live

The Guardian

Despite today's drop in software and data companies, the UK's FTSE 100 share index is down just 0.07% this session as investors rotate into other sectors. Worryingly, that pattern "echoes what we saw in 2000 as the dot-com bubble started to burst", analysts at Deutsche