Subject

Australian private equity firm Next Capital has inked a deal to acquire Fujitsu's Australian data centre business, which includes premium facilities in Sydney, Brisbane, Melbourne and Perth.

The federal government plans to introduce a digital duty of care for artificial intelligence companies as part of five AI safety priories that form part of its national strategy to regulate the new technology. 

The owner of the Oaks Hotels & Resorts is facing a class action by landlords who allege the hotel operator misrepresented that it was entitled to reduced rent payments during the COVID-19 pandemic.

Investment manager Macquarie is the first to face a class action by investors who sank their super into the Shield and First Guardian Master Funds, with other investigations underway.

The number of new class actions this year is on track to be the lowest in 10 years as plaintiff firms wait to see which way the High Court will lean in a crucial shareholder case and funders redeploy capital to nascent class action jurisdictions.

Macquarie Data Centres will spend up to $3 billion on a 200-megawatt data centre campus in Sydney after striking a $240 million land deal in Macquarie Park.

Class action settlements are off to a sluggish start in 2026, with only two mega-settlements of $100 million or more reached and the country's leading plaintiff law firm yet to get on the board.

In announcing the establishment of a federal AI office, prime minister Anthony Albanese on Wednesday warned artificial intelligence companies that Australia's creative work was not "up for grabs".

New national standards for artificial intelligence will set out "clear rules" for large data centres, prime minister Anthony Albanese said Wednesday, including where they are built and how they are powered.

The Albanese government will announce plans Wednesday for a new office that will put an end to fragmented decision-making on AI, including over data centre approvals.