AI jobs plateau suggests we're embracing skills
The PwC AI Jobs Barometer, released on Tuesday, showed that after a big jump in job listings for AI-skilled workers between 2020 (12,000 listings) and 2021 (23,000), the number has been locked in a holding pattern in the years since.
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News.com.au
2 hours ago
- News.com.au
Lunch Wrap: ASX slips as Bapcor blows a tyre; Fortescue hits record shipping volume
Trump unleashes AI and tariffs while Tesla tanks Bapcor crashes, Fortescue fires up Macquarie cops heat, Northern Star dumps its gold hedge The ASX was feeling a bit woozy by Thursday lunchtime in the eastern states, drifting 0.15% lower. Over in the United States, President Trump has just unveiled his AI master plan. Basically, scrap the guardrails and let the machines run. 'America is going to win the AI race,' he declared, painting the battle with China as a tech arms race for the ages. Elsewhere, Tesla reported an awful quarter last night. Elon Musk tried to keep things chill, but with revenue down 12%, earnings missing estimates, and free cashflow basically vanishing, investors weren't exactly applauding. In an earnings call, Musk warned of 'a few rough quarters ahead', and said fading EV incentives were going to sting. Tesla's shares sank 5% in extended trade, because when Elon sounds subdued, investors often get spooked. Back home on the ASX, real estate lagged while healthcare led this morning. But for for automotive parts group Bapcor (ASX:BAP), it was carnage. The Autobarn and Burson owner plunged 25% after confessing to weak May-June trading, a $50 million post-tax writedown, and the sudden exit of three directors. At the other end, Fortescue (ASX:FMG) lit it up, rising 4% after shipping a record 198.4 million tonnes of iron ore in FY24. Founder Andrew 'Twiggy' Forrest, whose wealth now clocks in at $12.7 billion, said volumes could climb another 3% this year, even as problems linger at Iron Bridge. This is where things stood close to 1pm AEST: In other large caps news, Macquarie Group (ASX:MQG) dropped 5% after CFO Alex Harvey said he's stepping down at year's end. Boss Energy (ASX:BOE) slid 2.5% after CEO Duncan Craib announced he's stepping down. He'll return in January as a non-executive director, but for now, COO Matt Dusci is next in line to steer the uranium ship. Lynas (ASX:LYC), meanwhile, gained 3.5% after selling its rare earths at their highest price in three years, and that might just be the start. CEO Amanda Lacaze reckons the US Department of Defense's $400 million play into the space could drive prices even higher. Still in the large end of town, Northern Star Resources (ASX:NST) gave up on its gold-hedging policy to chase the bullion rally, even as it admitted production at Kalgoorlie's Super Pit is still a bit of a dog's breakfast. It now expects to sell 1.63 million ounces in FY25, well shy of the 1.8 million it had been aiming for. And, Treasury Wine Estates (ASX:TWE) signed Breakthru as its new California distributor after its old partner pulled out. Big news, given California is the crown jewel of the US wine market. TWE's shares rose 1%. ASX SMALL CAP WINNERS Here are the best performing ASX small cap stocks for July 24 : Security Description Last % Volume MktCap IS3 I Synergy Group Ltd 0.018 50% 29,187,798 $20,475,599 SFG Seafarms Group Ltd 0.002 50% 2,610,068 $4,836,599 VEN Vintage Energy 0.006 50% 2,722,582 $8,347,655 FTC Fintech Chain Ltd 0.004 33% 19,604 $1,952,309 HLX Helix Resources 0.002 33% 1,500,000 $5,046,291 M2R Miramar 0.004 33% 997,500 $2,990,470 NSB Neuroscientific 0.245 32% 4,195,656 $61,526,506 KGD Kula Gold Limited 0.009 29% 1,747,965 $6,448,776 BIT Biotron Limited 0.003 25% 36,365 $2,654,492 PKO Peako Limited 0.003 25% 250,100 $2,975,484 CXL Calix Limited 0.655 25% 1,144,400 $112,704,551 BOC Bougainville Copper 0.800 24% 120,042 $258,685,313 RMI Resource Mining Corp 0.016 23% 3,808,935 $9,547,894 RLF Rlfagtechltd 0.069 21% 82,966 $21,198,574 PV1 Provaris Energy Ltd 0.023 21% 2,291,924 $14,782,901 AHN Athena Resources 0.009 20% 4,125,000 $16,994,678 AUK Aumake Limited 0.003 20% 26,762,073 $7,558,397 WA8 Warriedarresourltd 0.143 19% 10,737,228 $141,157,047 GT1 Greentechnology 0.032 19% 5,843,482 $12,829,591 FBM Future Battery 0.026 18% 1,097,727 $14,809,543 BDG Black Dragon Gold 0.048 17% 222,989 $13,036,609 FRS Forrestaniaresources 0.140 17% 678,412 $37,322,691 BLU Blue Energy Limited 0.007 17% 871,138 $11,105,842 BNL Blue Star Helium Ltd 0.007 17% 5,517,477 $16,169,312 iSynergy Group (ASX:IS3) has inked a non-binding MoU with Treasure Global (NASDAQ:TGL) to explore a strategic collaboration on AI infrastructure in Malaysia. The plan includes the potential sale of up to $600k worth of AI-grade GPUs over 12 months, and joint efforts to design and deploy AI cloud systems. IS3 says the move supports its broader push into digital infrastructure and regional AI innovation. Helix Resources (ASX:HLX) says its White Hills project in northern Arizona is showing strong signs of large-scale porphyry-style copper-gold mineralisation. Historic rock chips show copper grades up to 5.7%, alongside a 1km gold anomaly zone, but past drilling never tested for copper. White Hills sits next to Helix's Gold Basin JV, covers 23km², and is just 1.5 hours from Las Vegas with top-tier infrastructure nearby. Calix (ASX:CXL) has secured a $44.9 million grant from ARENA to build a ZESTY green iron demonstration plant targeting 30,000 tonnes a year of hydrogen-reduced iron. The project aims to prove its zero-emissions steel tech at scale, and pave the way for a commercial plant, with final investment decision expected in FY26 and operations starting from 2028. ASX SMALL CAP LOSERS Here are the worst performing ASX small cap stocks for July 24 : Code Name Price % Change Volume Market Cap BAP Bapcor Limited 3.650 -29% 13,755,254 $1,734,397,875 LOC Locatetechnologies 0.078 -26% 3,941,326 $24,693,305 AOA Ausmon Resorces 0.002 -25% 500,000 $2,622,427 DTM Dart Mining NL 0.003 -25% 4,590,829 $4,792,222 LPM Lithium Plus 0.069 -22% 606,036 $11,689,920 CHM Chimeric Therapeutic 0.004 -20% 43,088,590 $10,075,971 CRR Critical Resources 0.004 -20% 991,806 $13,850,427 CTO Citigold Corp Ltd 0.004 -20% 3,599,672 $15,000,000 ENT Enterprise Metals 0.002 -20% 1 $3,428,293 ERL Empire Resources 0.004 -20% 1,027,763 $7,419,566 MOH Moho Resources 0.004 -20% 107,177 $3,727,070 PRX Prodigy Gold NL 0.002 -20% 600,000 $15,875,278 WBE Whitebark Energy 0.004 -20% 2,707,500 $3,502,788 PEC Perpetual Res Ltd 0.019 -17% 10,964,081 $20,084,249 AAU Antilles Gold Ltd 0.005 -17% 735,596 $14,274,408 ASP Aspermont Limited 0.005 -17% 85,700 $15,079,061 CF1 Complii Fintech Ltd 0.020 -17% 677,108 $13,717,872 FAU First Au Ltd 0.005 -17% 16,391,621 $12,457,748 BNR Bulletin Res Ltd 0.049 -16% 2,009,516 $17,029,573 ARR American Rare Earths 0.345 -15% 2,523,402 $206,518,936 CCO The Calmer Co Int 0.003 -14% 226,689 $10,539,736 NAE New Age Exploration 0.003 -14% 49,450 $9,470,690 SER Strategic Energy 0.006 -14% 219,514 $4,697,233 IN CASE YOU MISSED IT Hillgrove Resources (ASX:HGO) is looking to grow its mining inventory at the Kanmantoo project in South Australia, flagging several targets of interest after a geological survey. LAST ORDERS Nordic Resources (ASX:NNL) has tapped Northgold AB veteran Simo Piippo as exploration manager, leveraging his previous experience managing exploration and drilling programs at the Kopsa gold-copper project. NNL is poised to put drills to ground at Kopsa, testing for potential near-surface resources along strike and deeper extensions to the known 814koz resource. Core Energy Minerals (ASX:CR3) had brought extensive commercial experience in mining and mineral processing sectors into the fold in the form of incoming chief financial officer Rachel Kogiopoulos. She most recently served as finance and business services manager for gold developer De Grey Mining, which was acquired by Northern Star Resources (ASX:NST) for $6 billion. Continuing the board appointment theme for today, Argent Minerals (ASX:ARD) has welcomed Warrick Hazeldine as non-executive director, effective immediately. Hazeldine boasts more than 20 years' experience in capital markets, working with a range of ASX-listed companies in the investor relations arena with particular experience in the natural resources sector. And rounding them out, Orange Minerals (ASX:OMX) has also added a new non-executive director, welcoming experiencing board director Nadia Abdul Aziz to the team. Fluent in French, English, and Hausa, Aziz most recently served as non-executive director for Asante Gold Corporation, a gold exploration and development company with operations in Ghana. At Stockhead, we tell it like it is. While Nordic Resources, Core Energy Minerals, Argent Minerals and Orange Minerals are Stockhead advertisers, they did not sponsor this article.
AU Financial Review
9 hours ago
- AU Financial Review
Alphabet slips after boosting guidance for capital expenditures
Alphabet reported better-than-expected revenue but said 2025 capital expenditures will be higher than previously forecast, intensifying pressure on the company to justify the investments it is making to keep up in the AI race. Shares slipped modestly lower in late trading after the search giant said capital expenditures would be $US85 billion ($128.7 billion), compared to the $US75 billion the company guided earlier this year. Bloomberg
The Advertiser
a day ago
- The Advertiser
Banks told to make AI work for people, not against them
Australia's banks should use artificial intelligence to enrich their customers' lives and help address hesitation towards the technology, the corporate watchdog says. The nation should not rush into heaping more regulation on AI as guardrails are already in place and more rules could have a chilling effect on innovation, ASIC chair Joe Longo will tell a roomful of bankers in Sydney on Wednesday. Mr Longo has previously cautioned against over-regulation more generally, and will again urge lawmakers not to address a perceived problem by simply throwing more rules at it. "The reality is, as I have said publicly before, the more specific and narrowly targeted regulation becomes, the more complex it becomes," Mr Longo will say in a speech at an Australian Banking Association conference. "It gets harder to understand, harder to comply with, and harder for regulators to enforce." That results in a burden borne by all Australians through lost time and productivity, and makes it harder for regulators to combat scams, predatory lending and other unfair practices. "And it becomes a handbrake on innovation, when you have got to spend more on compliance lawyers than coders." While ASIC is not rushing to impose new regulation, Mr Longo acknowledges more may be needed in future. But his focus is on applying existing laws. Guardrails already exist, and regulators just need to be more imaginative about how to apply them. "In other words, we've got to kick the tyres a bit and see just how far our technology-neutral framework will flex," Mr Longo will say. ASIC is still keeping a close eye on how businesses adopt AI, and Mr Longo wants to see banks using AI to actually improve their customers' lives. This could include preventing low-income customers from paying millions of dollars in fees they were entitled to avoid, as ASIC found in a report on the banks' treatment of Indigenous customers. He cited the example of a single mum from South Australia who was charged more than $2600 in overdraw fees over five years. "It would be a true win for customer-centric banking if your algorithm prompted you to serve your customers better before an ASIC report did," he will say. "We've already seen that customer trust in AI and its potential to improve customer service is eroding. If banks get this wrong, we're likely to see a significant setback in AI legitimacy and trust." Australia's banks should use artificial intelligence to enrich their customers' lives and help address hesitation towards the technology, the corporate watchdog says. The nation should not rush into heaping more regulation on AI as guardrails are already in place and more rules could have a chilling effect on innovation, ASIC chair Joe Longo will tell a roomful of bankers in Sydney on Wednesday. Mr Longo has previously cautioned against over-regulation more generally, and will again urge lawmakers not to address a perceived problem by simply throwing more rules at it. "The reality is, as I have said publicly before, the more specific and narrowly targeted regulation becomes, the more complex it becomes," Mr Longo will say in a speech at an Australian Banking Association conference. "It gets harder to understand, harder to comply with, and harder for regulators to enforce." That results in a burden borne by all Australians through lost time and productivity, and makes it harder for regulators to combat scams, predatory lending and other unfair practices. "And it becomes a handbrake on innovation, when you have got to spend more on compliance lawyers than coders." While ASIC is not rushing to impose new regulation, Mr Longo acknowledges more may be needed in future. But his focus is on applying existing laws. Guardrails already exist, and regulators just need to be more imaginative about how to apply them. "In other words, we've got to kick the tyres a bit and see just how far our technology-neutral framework will flex," Mr Longo will say. ASIC is still keeping a close eye on how businesses adopt AI, and Mr Longo wants to see banks using AI to actually improve their customers' lives. This could include preventing low-income customers from paying millions of dollars in fees they were entitled to avoid, as ASIC found in a report on the banks' treatment of Indigenous customers. He cited the example of a single mum from South Australia who was charged more than $2600 in overdraw fees over five years. "It would be a true win for customer-centric banking if your algorithm prompted you to serve your customers better before an ASIC report did," he will say. "We've already seen that customer trust in AI and its potential to improve customer service is eroding. If banks get this wrong, we're likely to see a significant setback in AI legitimacy and trust." Australia's banks should use artificial intelligence to enrich their customers' lives and help address hesitation towards the technology, the corporate watchdog says. The nation should not rush into heaping more regulation on AI as guardrails are already in place and more rules could have a chilling effect on innovation, ASIC chair Joe Longo will tell a roomful of bankers in Sydney on Wednesday. Mr Longo has previously cautioned against over-regulation more generally, and will again urge lawmakers not to address a perceived problem by simply throwing more rules at it. "The reality is, as I have said publicly before, the more specific and narrowly targeted regulation becomes, the more complex it becomes," Mr Longo will say in a speech at an Australian Banking Association conference. "It gets harder to understand, harder to comply with, and harder for regulators to enforce." That results in a burden borne by all Australians through lost time and productivity, and makes it harder for regulators to combat scams, predatory lending and other unfair practices. "And it becomes a handbrake on innovation, when you have got to spend more on compliance lawyers than coders." While ASIC is not rushing to impose new regulation, Mr Longo acknowledges more may be needed in future. But his focus is on applying existing laws. Guardrails already exist, and regulators just need to be more imaginative about how to apply them. "In other words, we've got to kick the tyres a bit and see just how far our technology-neutral framework will flex," Mr Longo will say. ASIC is still keeping a close eye on how businesses adopt AI, and Mr Longo wants to see banks using AI to actually improve their customers' lives. This could include preventing low-income customers from paying millions of dollars in fees they were entitled to avoid, as ASIC found in a report on the banks' treatment of Indigenous customers. He cited the example of a single mum from South Australia who was charged more than $2600 in overdraw fees over five years. "It would be a true win for customer-centric banking if your algorithm prompted you to serve your customers better before an ASIC report did," he will say. "We've already seen that customer trust in AI and its potential to improve customer service is eroding. If banks get this wrong, we're likely to see a significant setback in AI legitimacy and trust." Australia's banks should use artificial intelligence to enrich their customers' lives and help address hesitation towards the technology, the corporate watchdog says. The nation should not rush into heaping more regulation on AI as guardrails are already in place and more rules could have a chilling effect on innovation, ASIC chair Joe Longo will tell a roomful of bankers in Sydney on Wednesday. Mr Longo has previously cautioned against over-regulation more generally, and will again urge lawmakers not to address a perceived problem by simply throwing more rules at it. "The reality is, as I have said publicly before, the more specific and narrowly targeted regulation becomes, the more complex it becomes," Mr Longo will say in a speech at an Australian Banking Association conference. "It gets harder to understand, harder to comply with, and harder for regulators to enforce." That results in a burden borne by all Australians through lost time and productivity, and makes it harder for regulators to combat scams, predatory lending and other unfair practices. "And it becomes a handbrake on innovation, when you have got to spend more on compliance lawyers than coders." While ASIC is not rushing to impose new regulation, Mr Longo acknowledges more may be needed in future. But his focus is on applying existing laws. Guardrails already exist, and regulators just need to be more imaginative about how to apply them. "In other words, we've got to kick the tyres a bit and see just how far our technology-neutral framework will flex," Mr Longo will say. ASIC is still keeping a close eye on how businesses adopt AI, and Mr Longo wants to see banks using AI to actually improve their customers' lives. This could include preventing low-income customers from paying millions of dollars in fees they were entitled to avoid, as ASIC found in a report on the banks' treatment of Indigenous customers. He cited the example of a single mum from South Australia who was charged more than $2600 in overdraw fees over five years. "It would be a true win for customer-centric banking if your algorithm prompted you to serve your customers better before an ASIC report did," he will say. "We've already seen that customer trust in AI and its potential to improve customer service is eroding. If banks get this wrong, we're likely to see a significant setback in AI legitimacy and trust."
