"The eSafety Commission flagged 'major gaps' in how platforms are enforcing the country's under-16 social media ban, raising concerns about child safety and platform accountability."
"OpenAI's funding round, backed by major investors, signals strong market confidence as the company edges closer to a potential public listing."
"Disney+ is deepening its European footprint through partnerships that allow select programmes to land on the platform just one day after their linear broadcast."
"Following heightened visibility from its public dispute with the US Department of Defense, paid subscriptions to Anthropic's Claude AI assistant have more than doubled."
AI's growth is highlighted by OpenAI's $122bn funding round, raising its valuation to $852bn. Regulatory pressures are mounting in Australia, with major platforms failing to comply with under-16 social media bans. Streaming services are evolving, as seen with Disney+'s partnerships in Europe for faster content distribution. Additionally, Anthropic's Claude AI assistant has seen a surge in subscriptions following increased visibility from a dispute with the US Department of Defense. Ad spend in Australia is down 3% year-to-date despite a boost from the Nine Olympics.
Read at Exchangewire
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