5 ChatGPT Prompts for Finding Profitable Startup Ideas

Everyone should use ChatGPT to generate business ideas. That was the conclusion of Wharton professor Christian Terwiesch after asking ChatGPT to generate 200 product ideas. The language model completed the task in just 15 minutes and produced better ideas than a group of business school students. However, ChatGPT has its limitations. In another study, researchers found that AI-generated solutions were more valuable, but human solutions were more innovative. Thus, instead of replacing human creativity, generative AI can[more...]

NZ Budget 2024: ‘Tax Relief’ for the ‘Squeezed Middle’ – But Who’s Paying? 7 Experts Follow the Money

Craig Elliffe: Small Cuts, Big Consequences Honestly, who would want to be Nicola Willis at this point? The $14.7 billion in tax cuts will necessitate a dramatic rethink on long-term expenditure in New Zealand and the type of public services the country expects. The government's cutback strategy seems to focus on the next four years, not beyond. From a broader economic perspective, the hope is that the cuts will aid households. However, this won't provide significant relief[more...]

Warnings emerge that Australia’s energy transition is ‘out of control’ as the NSW market quietly collapses.

The head of one of Australia's largest power retailers has warned that the country's energy transition is spiraling out of control, citing a major market disruption in New South Wales as evidence of the instability. During a week when NSW agreed to extend the life of the state's largest coal plant, Alinta CEO Jeff Dimery pointed to significant market events earlier in the month to highlight the system's distress. The Australian Energy Market Operator had to intervene[more...]

ASX set to break its losing streak despite the downturn on Wall Street.

Australian stocks pulled back at lunchtime but remained in positive territory, ending a three-day sell-off driven by higher-than-expected inflation data for April. The S&P/ASX 200 was up 33.9 points, or 0.44 percent, at 7662.1 around 11:45 AM. Nine out of eleven sectors were trading in the green. Real estate investment trusts, which recorded the strongest gains at the bell’s open, retreated by lunchtime, trading 0.33 percent lower, with Goodman Group falling 1.54 percent. Local tech stocks were[more...]

Optus customers face an increase in plan prices.

Optus has introduced new pricing for customers signing up from this week, with some plans costing up to $13 more. The telco has also reduced its offerings from four plans to three. The new pricing model, introduced on May 27, will not affect existing customers.

Jetstar cabin crew hospitalized after detecting ‘unusual smell’ on plane

Four Jetstar cabin crew members were hospitalized after an “unusual smell” was reported on a flight from the Gold Coast to Cairns. After the plane landed and passengers disembarked, a crew member began to feel faint around 9:30 am. Another crew member supported her to prevent a fall, according to the airline. Queensland Ambulance reported that the crew experienced nausea and headaches, likely due to exposure to fumes on the aircraft. All four staff members were in[more...]

Coles and Woolworths have been granted additional time to manage REDcycle waste in hopes of diverting it from landfill.

Coles and Woolworths have been granted an additional ten months to address thousands of tonnes of soft plastic waste left stranded by the collapse of REDcycle. Over 5,000 tonnes of stockpiled soft plastics have been warehoused since the industry-led recycling program failed in late 2022. Since REDcycle's collapse, Australians have had no other national "return-to-store" soft plastics program, eliminating the primary avenue for recycling items like plastic bags, food wrapping, and soft parcel packaging. The supermarket giants[more...]

The volcano on the Reykjanes Peninsula in Iceland has erupted for the fifth time since December.

A volcano in Iceland has erupted for the fifth time since December, shooting lava 50 meters into the air along a fissure over 3 kilometers long. Local media reported that the Icelandic police force declared a state of emergency. Icelandic authorities sent warnings to locals and workers in the town of Grindavik, alerting them to the impending eruption on Wednesday morning. People were evacuated from the town and the nearby Blue Lagoon geothermal pool just before midday,[more...]

The Home Affairs Department confirms a cyber incident affecting Ticketmaster customers.

The Department of Home Affairs has acknowledged a cyber incident affecting Ticketmaster customers, amid claims of a data leak potentially impacting millions globally. Industry publication CyberDaily reported that the personal details of 560 million Ticketmaster customers may have been compromised in a breach attributed to the notorious hacker group ShinyHunters. The group claims to possess 1.3 terabytes of customer data, including names, addresses, credit card numbers, phone numbers, and payment details, which they are selling for $500,000.[more...]