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Macquarie Bank Partners with Google Gemini


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Macquarie Bank Leads AI Integration with Google Gemini

Quick Overview

  • Macquarie Bank is the inaugural Australian bank to implement Google’s Gemini Enterprise.
  • 99% of staff have finished AI training, with goals for complete integration in six months.
  • Gemini Enterprise seeks to boost productivity and enterprise processes with AI solutions.
  • The platform provides no-code development for easy AI integration.
  • The fee for Gemini Enterprise starts at $US30 per seat per month.
  • Macquarie intends to create over 30 AI-enhanced products by 2025.

Macquarie Bank’s Strategic Embrace of AI

Macquarie Bank has revealed its intentions to adopt Google’s newly introduced business AI platform, Gemini Enterprise, positioning itself as the first significant Australian bank to make this move. This effort is in line with the bank’s steadfast commitment to utilise Google’s cloud solutions, a partnership that has strengthened since 2019.

Macquarie Bank collaborating with Google Gemini

The Functionality of Gemini Enterprise

Gemini Enterprise, which debuted in the US, signifies Google’s latest initiative in AI designed to enable the development of AI agents within large organizations. The platform’s no-code, application-neutral design allows companies to enhance productivity via intuitive interfaces.

Training and Integration for Employees

With the aim of embedding AI into everyday operations within six months, Macquarie Bank has achieved 99% of its workforce completing a generative AI training program. Furthermore, 3,000 employees have participated in presentations of Gemini Enterprise, highlighting the bank’s dedication to equipping its personnel for this tech transition.

Financial Considerations and Pricing

Although Macquarie Bank has not revealed the exact expenses related to the implementation of Gemini Enterprise, there are indications of a price starting at $US30 per seat per month. Targeted at smaller enterprises, Gemini Business is offered at $US21 per user per month.

Prospective Advances in AI

Macquarie Bank possesses ambitious objectives to create over 30 AI-enhanced products and services by 2025. These efforts are intended to provide improved customer features, a seamless experience, and more dependable services, ultimately leading to greater customer interaction.

Conclusion

Macquarie Bank’s alliance with Google Gemini signifies a major advancement in AI integration within the Australian banking landscape. By harnessing Gemini Enterprise, the bank aims to elevate productivity, streamline processes, and enhance customer experiences.

Q&A Section

Q: What is Gemini Enterprise?

A: Gemini Enterprise is Google’s AI platform designed for generating AI agents for large organisations using a no-code, application-neutral framework.

Q: How is Macquarie Bank getting its employees ready for AI integration?

A: The bank has provided generative AI training for 99% of its employees and conducted demonstrations of Gemini Enterprise for 3,000 staff members.

Q: What are the anticipated costs of using Gemini Enterprise?

A: While Macquarie Bank’s specific costs remain undisclosed, reports indicate that Gemini Enterprise starts at $US30 per month per seat.

Q: What future initiatives does Macquarie Bank have with AI?

A: The bank aims to develop more than 30 AI-augmented products and services by 2025 to boost customer engagement and enhance service quality.

Q: How does Gemini Enterprise benefit organizations?

A: It offers a straightforward method to develop AI agents that enhance productivity and operational efficiency, tailored to the needs of the organization.

Q: What distinguishes Gemini Business from Gemini Enterprise?

A: Gemini Business is a variant of the platform designed for smaller businesses, with a more affordable cost per user at $US21 per month.

SoundMAGIC T80BT ANC True Wireless Earbuds Review


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SoundMAGIC T80BT ANC True Wireless Earbuds with Hi-Res Audio,Hibrid Active Noise Cancelling, ENC Call Clarity, 20H Playtime, IPX5 Waterproof, Ultra-Comfy Fit for Sports/Work/Gaming (Blue)

X’s Recent Creator Payment Generating Excitement


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X's Updated Creator Payouts Prompting Responses

Fast Overview

  • X has made revisions to its creator compensation program.
  • Qualified creators now have the opportunity to earn a one-time bonus of $10,000.
  • This initiative seeks to acknowledge creators who set off global trends.
  • There is a sense of uncertainty and displeasure among creators about the new eligibility requirements.

History of X’s Creator Payments

X initiated its creator payments program in February 2023 to incentivize content creators on its platform. The original program required creators to possess a Premium subscription, achieve over 5 million impressions within the last three months, and have more than 500 verified followers to become eligible.

Latest Updates and Feedback

This week, a creator named Zoomer, boasting 25,000 followers, encountered a surprising development. After a post garnered 173 million impressions, Zoomer initially received a payout of $1,500. However, prompted by X’s product head, Nikita Bier, Zoomer found an additional one-time $10,000 payment credited to his account.

This bonus, which was not a rectification of the algorithm but rather a fresh method to reward creators who ignite global trends, has elicited mixed responses from the creator community.

Clarifying the New Payout Standards

The ambiguity surrounding what qualifies as a ‘global trend’ has been a significant issue. Creators are unclear about whether they need specific engagement statistics or originality in their posts. Furthermore, there are worries about how these bonus payouts might affect the overall revenue pool for other creators.

While some view this as a motivation for innovation, the initial recipient of the bonus faced criticism for lack of originality, further heightening frustrations among committed creators.

Conclusion

X’s recent modifications to its creator payment program have generated considerable excitement. With the rollout of a one-time $10,000 bonus for creators who trigger global trends, the platform intends to foster creativity and uniqueness. Nonetheless, the vagueness regarding the criteria and allocation of these payments has resulted in discontent and demands for increased transparency from creators.

Q: What criteria must creators meet to be eligible for X’s creator payment program?

A: To be eligible, creators must have a Premium subscription, more than 5 million impressions in the last three months, and over 500 verified followers.

Q: How is the new $10,000 bonus allocated?

A: The bonus is given to creators who are considered to have sparked a global trend, although the specific criteria are still not well defined.

Q: What issues have creators brought up regarding the new payout system?

A: Creators are expressing concerns about the lack of clarity, undefined criteria for ‘global trends,’ and the potential effects on the overall revenue pool for other earnings.

Q: In what way does this alteration affect the platform’s overarching goal?

A: The change is designed to encourage creativity and enhance content on the platform, fitting X’s aim of minimizing regrettable user minutes.

Q: What made Zoomer’s bonus payment contentious?

A: Zoomer’s post, which received the bonus, was criticized for its lack of originality, as it closely resembled content found on a rival platform.

Cadence, Culture, and Clarity: Evolving OKRs into a Lively Framework


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Transforming OKRs into a Dynamic Framework

Quick Overview

  • OKRs can serve as a powerful mechanism for driving substantial change.
  • Establishing ambitious goals is critical for organizational advancement.
  • Frequent reviews and discussions are essential for alignment and advancement.
  • A balance between structure and adaptability is crucial.
  • Clarity should not hinder flexibility and creativity.

OKRs as a Driver of Change

Dean Swan, Vice President and General Manager of monday.com in APJ, underscores the transformative capacity of Objectives and Key Results (OKRs) within organizations. Instead of merely serving as a reporting mechanism, OKRs should be utilized to instigate change and cultivate a culture of accountability.

Transforming OKRs into a Dynamic Framework

Fostering Ownership and Ambition

Swan notes that OKRs should ignite ambition rather than simply monitor results. Many organizations often set conservative, easily attainable targets. Nonetheless, the authentic power of OKRs is unleashed when they are employed to transcend limits and create daring objectives that drive the organization forward.

Rhythm of Outcomes

Sustaining momentum requires more than just quarterly evaluations. Monthly conversations regarding obstacles, resource requirements, and interdependencies are vital. This rhythm keeps teams synchronized and prevents unforeseen issues from disrupting progress.

Framework with Agility

Swan highlights the necessity of harmonizing top-down structure with bottom-up creativity. Leadership establishes the goals, but teams are given the autonomy to determine how to accomplish them. This method encourages both synchronization and flexibility.

Adaptability is essential in today’s rapidly changing landscape. Consistent review and modification of OKRs ensure they stay pertinent and effective. However, it is imperative to uphold governance so that alterations are deliberate and strategic.

Conclusion

OKRs are beyond just a measurement framework; they serve as a medium for enabling dialogue, preserving rhythm, and nurturing a positive culture. By setting bold goals and maintaining a flexible yet structured framework, organizations can realize their complete potential.

Q: How do OKRs serve as a catalyst for change?

A: OKRs promote change by establishing ambitious goals that challenge the existing state and encourage organizations to make significant strides.

Q: Why is sustaining a rhythm of outcomes important?

A: Regular discussions and evaluations align teams, promptly address obstacles, and avert surprises that could impede progress.

Q: In what way do OKRs balance structure and agility?

A: OKRs provide a structured framework from leadership while empowering teams to innovate and decide the optimal approaches to meet goals, ensuring both alignment and adaptability.

Q: Why is adaptability crucial in managing OKRs?

A: Adaptability enables organizations to respond to changes, ensuring OKRs remain relevant and effective in a dynamic business landscape.

For more information, please visit https://monday.com/enterprise-agile

QCY Crossky C50 Clip On Earbuds Review


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QCY Crossky C50 Clip On Earbuds Open Ear Wireless Bluetooth 6.0 Headphones with 4 Mic, 35H Playtime Ear Cuff Earbuds Comfortable for Running/Fintness, IPX5 Waterproof, Ultra Lightweight

US Tariff Warning on China Cuts Billions from Wall Street and Crypto Markets


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Brief Overview

  • US tariffs on China prompt extensive market declines.
  • Nasdaq Composite, heavily weighted towards tech, declines by 3.6%.
  • Leading cryptocurrency values tumble along with tech stocks.
  • Renewed concerns about a trade war surface between the US and China.
  • Australian market is set for increased fluctuations.
  • Prices for consumer technology may rise as a result of tariffs.

Significant Impact on Tech Stocks

The US equity market faced a considerable drop as technology shares incurred heavy losses. The Nasdaq Composite decreased by 3.6%, with the S&P 500 and Dow Jones also experiencing setbacks. Key technology firms such as NVIDIA, AMD, Tesla, Amazon, and Apple were severely affected, triggering a widespread market impact.

Consequences of US tariffs on Wall Street and cryptocurrency markets

Cryptocurrency Impact

The digital currency market followed the stock market’s downward trajectory, with Bitcoin and Ethereum facing notable decreases in value. The growing connection between conventional and digital markets diminishes the risk diversification benefits that cryptocurrencies previously provided.

Trade War 2.0

The upheaval in the market was sparked by US President Donald Trump’s declaration of possible 100% tariffs on imports from China. This renewed apprehensions of a full-scale trade conflict, particularly after China enacted export limitations on rare earth minerals and initiated antitrust investigations against US firms.

Additional Challenges Beyond Tariffs

Factors such as disappointing corporate earnings, rising US bond yields, and a continuing government shutdown are also contributing to market unrest. These issues together create a difficult landscape for investors.

Implications for Australians

The ASX 200 is anticipated to be affected once trading resumes. Australian technology and mining companies reliant on China may endure notable fluctuations. A potential rise in consumer tech costs could further pressure the living expenses for Australians.

Future Outlook: Anticipation

Investors are currently in a state of ambiguity, awaiting clarity on whether the trade disputes will diminish or intensify. The global technology industry must stay alert, as political changes can disturb even the strongest growth trajectories.

Conclusion

The looming threat of US tariffs on China has resulted in substantial setbacks for both Wall Street and the cryptocurrency domain, with technology stocks and digital currencies facing the gravest repercussions. The foreseeable increase in consumer prices and market instability in Australia underscores the worldwide ramifications of these geopolitical conflicts.

Q&A Section

Q: What caused the recent market downturn?

A: The downturn was initiated by US President Donald Trump’s warning of possible 100% tariffs on imports from China, reigniting fears of a trade war.

Q: What has been the tech sector’s reaction to the tariff threats?

A: The tech sector faced a sharp drop, with significant losses reported by major companies like NVIDIA, AMD, Tesla, Amazon, and Apple.

Q: How are cryptocurrencies responding to the market decline?

A: Cryptocurrencies such as Bitcoin and Ethereum saw notable downturns, reflecting a heightened correlation between digital and traditional financial markets.

Q: What potential effects could the tariffs have on Australian consumers?

A: If the tariffs are enforced, the prices of tech items like smartphones and laptops may increase, impacting the cost of living in Australia.

Q: What is the current status of US-China relations?

A: US-China relations are strained, with both nations implementing economic actions that could escalate into a trade war.

Q: How might the ASX 200 react to the turmoil in global markets?

A: The ASX 200 is expected to see volatility, particularly in technology and mining sectors closely linked to China.

RondoDox IoT Botnet Grows to 56 Vulnerabilities in Intense Campaign


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Expansion of the RondoDox IoT Botnet Campaign

  • The RondoDox IoT botnet now targets 56 vulnerabilities across over 30 different vendors.
  • This botnet employs an “exploit shotgun” technique to breach targets.
  • The vulnerabilities targeted include command injection, path traversal, and memory corruption.
  • RondoDox imitates traffic from well-known gaming and VPN services to avoid detection.
  • It is distributed using a loader-as-a-service (LaaS) model.
  • Systems targeted encompass consumer gadgets and enterprise software like Oracle WebLogic.
  • The malware is compatible with multiple Linux architectures.
RondoDox IoT botnet increases to 56 exploits in shotgun campaign

Evolving Strategies and Tactics of RondoDox

Initially focused on only two vulnerabilities, RondoDox has greatly broadened its attack landscape, now compromising 56 vulnerabilities across more than 30 vendors. This expansion is defined by the “exploit shotgun” method, wherein multiple exploits are deployed simultaneously to identify successful points of compromise.

Exploitation Techniques and Vulnerabilities

The botnet’s toolkit comprises an impressive selection of exploits, featuring 50 command injection vulnerabilities, two path traversal issues, as well as examples of buffer overflow, authentication bypass, and memory corruption. Significantly, RondoDox also takes advantage of legacy vulnerabilities, including the well-known Shellshock bug from a decade ago.

Persistence and Evasion Strategies

RondoDox utilizes advanced methods to ensure persistence and evade detection. It mimics authentic traffic from gaming services and VPNs, camouflaging its actions as regular network activity. The malware alters system startup files and creates crontab entries to ensure its continued operation on compromised devices.

Loader-as-a-Service Distribution

Distributed via a loader-as-a-service (LaaS) framework, the botnet is bundled with other malicious payloads such as Mirai and Morte. This framework allows for extensive distribution, equipping attackers with a comprehensive botnet panel for managing malicious requests.

Broadened Attack Vectors

RondoDox’s attack methods encompass both consumer and enterprise devices, including Oracle WebLogic servers, WordPress, and vBulletin systems. The malware is designed to support various Linux architectures, enhancing its potential reach across multiple devices and platforms.

Conclusion

RondoDox signifies a notable advancement in IoT botnet operations, demonstrating its capacity to exploit a diverse array of vulnerabilities across many vendors. Its unique distribution strategies and advanced evasion techniques render it a significant threat to both personal and organizational networks.

Q: What is RondoDox IoT botnet?

A: RondoDox is an Internet of Things (IoT) botnet that targets various vulnerabilities to take control of devices, utilizing sophisticated evasion and persistence strategies.

Q: How many vulnerabilities are exploited by RondoDox?

A: RondoDox exploits 56 vulnerabilities across more than 30 vendors, including those related to command injection and memory corruption.

Q: What methods does RondoDox employ to stay hidden?

A: RondoDox imitates genuine network traffic from popular gaming and VPN services and uses diverse methods to maintain its presence on infected devices.

Q: What is the distribution method for RondoDox?

A: The distribution occurs via a loader-as-a-service (LaaS) setup, allowing it to be combined with other malicious payloads like Mirai and Morte.

Q: Which devices and systems does RondoDox target?

A: RondoDox targets both consumer gadgets and enterprise applications, including Oracle WebLogic servers, as well as WordPress and vBulletin systems.

Q: What does RondoDox’s expansion mean for users?

A: This expansion raises the risk of compromise for a wider array of devices, highlighting the importance of proactive cybersecurity measures and timely vulnerability patches.

HUAWEI FreeBuds Pro 4 Wireless Earbuds Review


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HUAWEI FreeBuds Pro 4, Wireless Earbuds, Real Sound with Dual Driver, Stable and Clear Calls, Dynamic Smart ANC, Compatible with iOS&Android, Noise Cancelling, White

Tesla Set to Unveil ‘Banish’ Feature Shortly, According to Musk, as Firm Gears Up for L4 Responsibility


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Concise Overview

  • Tesla plans to launch a ‘Banish’ feature that functions as a robotic valet for autonomous parking.
  • Elon Musk has verified that this feature will be accessible ‘soon’.
  • ‘Banish’ will allow Teslas to independently locate parking spots and return when called.
  • This update is part of continuous improvements to Tesla’s Full Self-Driving (FSD) system.
  • The rollout prompts inquiries regarding Tesla’s responsibility and insurance ramifications.
  • Australia is among the international regions expected to receive this feature.

Overview

As Tesla advances towards completely self-driving vehicles, Elon Musk recently used X to reveal the upcoming launch of a feature named ‘Banish’. This function aims to enhance the ease of Tesla ownership by enabling the vehicle to serve as its own robotic valet, autonomously seeking parking and returning to the driver on request.

What Does The ‘Banish’ Feature Entail?

While Tesla’s website has not yet highlighted the ‘Banish’ feature, Elon Musk has elaborated on its capabilities. The feature enables a Tesla car to independently park itself once the driver has exited, essentially transforming the vehicle into a robotic valet. This process requires navigating intricate parking situations and avoiding obstacles, all without needing driver input.

Tesla to Introduce 'Banish' Feature Soon, Says Musk, as Company Prepares for L4 Liability

The Evolution Of Tesla’s Self-Parking Features

The journey to the launch of ‘Banish’ has been extended. It was first presented as part of ‘Actually Smart Summon’, with its development occurring over time. Although an April 2024 launch was originally expected, the focus shifted towards overseas markets such as Australia and New Zealand, aligning with Tesla’s expansive robotaxi goals.

The Outlook for Autonomous Parking

For Tesla’s vision of robotaxis to materialize, cars must be able to locate parking or charging stations without human help. This makes the ‘Banish’ feature vital, especially as Tesla aims to introduce models devoid of steering wheels or pedals, such as the Cybercab by 2026.

Conclusion

Tesla’s forthcoming ‘Banish’ feature is poised to transform our approach to parking by enabling vehicles to independently secure and locate parking spaces. Although the feature raises issues regarding liability and insurance, its successful rollout could signify a major advancement in the path to fully autonomous driving.

Q: What is the ‘Banish’ feature?

A: ‘Banish’ is a capability that permits Tesla vehicles to independently find and park in vacant spaces after the driver has exited the vehicle.

Q: When will the ‘Banish’ feature be released?

A: Elon Musk has indicated that the feature will be available ‘soon’, although Tesla’s timelines may extend months.

Q: How does ‘Banish’ function?

A: When activated, ‘Banish’ allows the Tesla to navigate parking areas autonomously, avoiding obstacles and securing a parking spot until the driver calls for it.

Q: Will ‘Banish’ be available in Australia?

A: Indeed, Australia is one of the international locations anticipated to receive the ‘Banish’ feature.

Q: What are the liability implications for Tesla with ‘Banish’?

A: As cars operate autonomously, Tesla might bear responsibility for any incidents that occur while ‘Banish’ is in operation, leading to questions about insurance coverage.

Queensland Lifts 12-Year Prohibition on IBM After $1.25 Billion Payroll Disaster


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Queensland Reintroduces IBM for Government Contracts

Quick Overview

  • Queensland removes 12-year ban on IBM regarding government contracts.
  • IBM remains ineligible for payroll projects for an additional three years.
  • If chosen for key projects, IBM will be required to finance independent program assurance for two years.
  • This decision seeks to revive competitive dynamics in procurement.
  • This action aligns Queensland with other states across Australia.
  • Queensland commits $1 billion towards a digital transformation initiative.

Queensland Reintroduces IBM for Government Contracts

Queensland removes IBM ban after payroll issues

Parliament House in Brisbane

iStock

New Opportunities for Contracting with IBM

The Queensland government has officially annulled its 12-year prohibition on IBM, granting the tech firm the ability to bid for government contracts once more. This choice follows a long-standing restriction enacted due to a costly payroll system failure.

Ongoing Limitations

Even though IBM can now engage in a majority of governmental contracts, the firm is still barred from anything related to payroll projects for another three years. Additionally, if IBM is selected as the leading contractor for significant government ventures, it must fund independent program assurance over the subsequent two years.

Harmonizing with Other States

The choice to lift the ban is part of efforts to align Queensland’s contracting regulations with those of other Australian states. According to Queensland’s Minister for Customer Services and Open Data, Steve Minnikin, the objective is to restore “competitive tension” within procurement processes.

Investment in Digital Innovation

Beyond lifting the IBM restriction, Queensland has declared a $1 billion investment in a digital transformation program. This initiative aims to consolidate IT expenditures and systems across 19 departments, enhancing options and effectiveness for government entities in need of technology solutions.

IBM’s Challenging History with Queensland

IBM’s past with the Queensland government is tainted by the notorious 2007 payroll system project for Queensland Health. Originally projected to cost $6.2 million, the expenses ballooned to $1.25 billion due to failures in governance and oversight.

Legal Disputes and Resolutions

Following a 2013 Commission of Inquiry that deemed the project “catastrophic,” the government pursued legal action against IBM. However, the Queensland Supreme Court dismissed the lawsuit, referencing a 2010 settlement that absolved IBM of further liabilities.

Conclusion

The lifting of IBM’s ban signifies a major change in Queensland’s strategy regarding government contracting. While restrictions on payroll projects persist, this decision is anticipated to boost competition and align policies with other states. IBM’s re-entry into the market coincides with a substantial digital transformation initiative, promising wider options in technology solutions for government organizations.

Questions & Answers

Q: What was the reason behind IBM’s initial ban by Queensland?

A: IBM was banned due to a payroll system project failure for Queensland Health that led to significant budget overruns and governance problems.

Q: What are the stipulations for IBM’s return to Queensland contracts?

A: IBM can pursue government contracts but is still barred from payroll projects for an additional three years and must fund independent program assurances if selected for significant initiatives.

Q: How does this decision influence Queensland’s procurement practices?

A: The decision aligns Queensland’s procurement practices with other Australian states and aims to reestablish competitive dynamics in the bidding process.

Q: What encompasses Queensland’s digital transformation program?

A: Queensland is committing $1 billion to unify IT spending and systems across 19 departments, improving technology solutions for government agencies.