AI & Manufacturing

As the tech world converges in Sydney for SXSW Sydney 2024, the National AI Centre (NAIC) is highlighting the event as a key feature during Australia’s AI Month. 

Australian manufacturing and innovation capabilities are set to benefit from a new round of international research funding, with $6.2 million awarded under the Global Science & Technology Diplomacy Fund – Strategic Element.

The Royal Swedish Academy of Sciences announced that the 2024 Nobel Prize in Physics will be awarded to John J. Hopfield from Princeton University, NJ, USA, and Geoffrey E. Hinton from the University of Toronto, Canada. 

Australian packaging technology company Phantm has partnered with MECCA to use artificial intelligence (AI) in transforming how packaging data is collected, analysed and reported across the beauty retailer’s operations.

Cognizant announced enhancements to its Cognizant Neuro AI platform, designed to help enterprises identify, prototype, and scale artificial intelligence (AI) use cases. 

Oracle has announced new artificial intelligence-powered capabilities for its Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) platform, including four new Fusion Agentic Applications designed to help organisations improve manufacturing efficiency, strengthen supply chain performance, and enhance inventory management.

The IDC Data and AI Pulse: Asia Pacific 2024 study, commissioned by SAS, has uncovered a growing divide between AI leaders and followers among organisations in the Asia Pacific (APAC) region. 

Swinburne University of Technology has announced an investment in H3D, a technology company focused on AI-driven design for dental devices. 

Unplanned downtime costs Australian businesses an average of $349,000 AUD per hour, significantly surpassing the global average of $194,000 AUD. Despite this substantial financial impact, many manufacturers continue to rely on reactive maintenance strategies, leaving their operations vulnerable to unexpected disruptions.

International textile designer and manufacturer Camira has unveiled the textile industry’s first AI-powered reverse image search tool in the UK, aimed at simplifying the specification process for architects and design professionals.