AI

The Victoria Supreme Court has issued new guidance on the use of artificial intelligence in litigation, warning lawyers they may be referred to the legal watchdog if they rely on unverified AI in court documents.

In a heartfelt speech, a judge has warned that AI cannot replace compassionate judges and mentors, saying that while the new technology delivers impressive outcomes, "as humans, our needs are far more profound".

Thomson Geer is rebranding as Thomsons and launching specialist incorporated legal practice Faculti Lawyers, which will provide AI-powered high-volume legal services to institutional clients.

Alternative investment manager Alceon has launched what could become a multi-billion-dollar data centre investment fund, starting with a strategic $100 million investment in Melbourne-based data centre developer and operator INSITE DC.

The Australian Securities and Investments Commission has warned market participants to strengthen their cyber resilience in the face of new threats posed by AI, just months after the regulator secured its first penalty against a company over cyber failures.

A judge has found a director cannot represent his company in a legal dispute, noting his use of generative artificial intelligence in written submissions.

Australian data centre platform AirTrunk has announced it will invest $4.2 billion to build two new data centres in Malaysia.

ASX-listed data centre operator NextDC has raised $750 million from a subordinated wholesale notes offer, bringing its cash pile to $6.6 billion.

Microsoft is planning to invest a record $25 billion in Australia's AI and cyber infrastructure over the next three years.

The Federal Court has taken a more permissive approach to the use of generative AI than the NSW Supreme Court, allowing tools like ChatGPT to be used in creating affidavits with the proviso that the use must be disclosed.