A new group with the backing of Australia's largest tech companies aims to improve coordination among the stakeholders working to turn Sydney into the Australian equivalent of Silicon Valley.
The University of Sydney has been awarded a multimillion-dollar research grant in quantum technology from a US intelligence agency.
Australian online retailer Kogan has arranged to acquire Dick Smith's online business from its receivers and revive the brand as an online-only consumer electronics retailer.
Shares in Twitter briefly fell 13% after the company published its latest results showing that its monthly active userbase actually declined during the fourth calendar quarter.
AGL and the government have separately invested in Sunverge Energy's battery energy storage technology, while Australia's Redflow is preparing to launch its own battery storage product.
A government grants program worth nearly $130 million is now available to telecommunications providers to meet new data retention obligations.
Tyro Payments, the Australian EFTPOS provider seeking to disrupt the banks with its payment platform, has secured $100m in new investment funding.
Bill Ferris, regarded as the father of Australia's venture capitalist industry, has been appointed as the new chair of Innovation Australia.
Australia Post has announced it will invest around $20 million in emerging e-commerce businesses.
Gartner expects Australian IT spending to grow 2.8% next year, with average IT budgets increasing by 2.9%, as a result of spending on digital business and the connected world.
ISPs are concerned that government funding to compensate for the costs of implementing the Data Retention Act will be split over three years since they are already incurring costs to comply.
NSW Premier Mike Baird aims to transform the decommissioned White Bay Power Station into a tech hub for innovators, start-ups, incubators and accelerators.
Major Australian IT vendor Atlassian is reportedly planning a US IPO that could value the company at over $3 billion, while integrated telcos Vocus and M2 have shaken hands on a $3bn merger.
Nearly half of IT decision-makers in Australia and New Zealand report that their organisation is wasting at least $10,000 per year on redundant technology, with 10% wasting over $100,000.
Westpac will increase its annual investment spending by around $200m, with a special focus on technology spending, to stay abreast of the major changes taking place in the financial services industry.