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ASIC won’t pursue insider trading case against WiseTech’s Richard White
The corporate regulator has completed an investigation into insider trading of WiseTech shares and won't take action against founder Richard White and two other employees. 
Atlassian can performance-manage employee while case on foot
A judge has extended interim confidentiality orders in a Fair Work lawsuit against Atlassian, but lifted an injunction barring the tech company from performance managing the employee. 
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IREN to develop $10B data centre in NSW
After building data centres in Canada and the US, Australian developer IREN has unveiled plans to build a data centre near Wagga Wagga. 
Fortnum cops $1.35M penalty in ASIC case over cyber failures
Financial planner Fortnum Private Wealth has been hit with a $1.35 million penalty after admitting it failed to implement adequate cyber security systems, after a breach led to the data of 9,000 customers being published on the dark web. 
Atlassian says software engineer’s AI ‘overuse’ distracted colleagues
Atlassian has told a court that a software engineer's “overuse” of artificial intelligence was a distraction to the rest of his team and needed to be addressed through performance management.
OAIC launches probe over Kmart’s smart glasses
The privacy regulator has launched an investigation into the Chinese software company behind a phone app for Anko-branded smart glasses.
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Macquarie, ResetData say AI sovereignty means more than data centres
AI infrastructure companies have warned that Australia has defined AI sovereignty “too narrowly” and called for the government to support Australian providers across the technology stack, beyond data centres.
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Australian AI companies to lose out from regulation, committee hears
A professor and a cloud service provider have warned that tougher laws on AI could make it harder for Australian AI companies to compete against international rivals.
OpenAI sorry for breach, says open to mandatory reporting laws
OpenAI has fronted a joint committee hearing into artificial intelligence in Australia after one of its AI models gained non-public access to Medicare's site, apologising for the breach and backing legislation that would make reporting of such incidents mandatory. 
AI firms push opt-out proposal, media calls it ‘unworkable’
Pushing an opt-out system that would enable use of copyright-protected content, artifical intelligence giant Anthropic has told a parliamentary committee Australia needed to "seize" the AI golden goose, while media organisations said an opt-out would be unworkable.