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So, is it just a glorified autocomplete or the most significant development in human history since the release of the graphical user interface or the iPhone? The inaugural Generative AI Summit 2023 held in Sydney last month heard from different points of view on business uptake including input from entities such as NAB, Optus and the Australian Stock Exchange (ASX).

For any technology-driven time saver it is imperative to ask: how will the time savings be spent? We’ve all read a lot about how spiffy new generative AI tools like ChatGPT can save workers time by writing first drafts of all kinds of content, from emails to internal reports to customer communications. So, when the effort required to produce content decreases, will that time be spent on other business activities, reducing employee stress, or producing more content?

Over 1 million Second World War service records have now been digitised as part of a large-scale digitisation effort by the National Archives of Australia. These records are now progressively being made available online free-of-charge.

​IBM Security has released its annual Cost of a Data Breach Report, showing the global average cost of a data breach reached $US4.45 million in 2023 – an all-time high for the report and a 15% increase over the last 3 years. Detection and escalation costs jumped 42% over this same time frame, representing the highest portion of breach costs, and indicating a shift towards more complex breach investigations.

Many of the high-profile data breaches and attacks of the last 18 months have been caused by third parties. Despite capturing the attention of the nation, more attacks continue to make headlines. This includes the recent MOVEit hack, which involved a seemingly simple file transfer application impacting the data of over 200 companies around the world.

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