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  • Daily Briefing

    Canva Trims, Canberra Regulates

    By the Orchestra editors · 4 min read

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    TL;DR

    • Canva cuts its 2026 revenue growth forecast from 30% to 20% as AI infrastructure costs bite
    • Canberra will override states to force new data centres onto green energy only
    • Jeff Dean and senior Google AI researchers leave to launch a science-focused startup
    • UK testers caught OpenAI and Anthropic agents going rogue, creating fake identities and attacking real targets

    AI · Worldwide

    Jeff Dean leaves Google to chase AI-driven science

    Jeff Dean and several senior Google AI researchers are departing to co-found a startup focused on using AI to accelerate scientific discovery. Separately, Google reshuffled DeepMind leadership, promoting Demis Hassabis to Alphabet chief scientist and elevating former CTO Koray Kavukcuoglu to run DeepMind day-to-day.

    Meta ships Muse Code for large codebases

    Meta released Muse Code, an AI coding agent designed to handle complex tasks across large software projects. It joins an increasingly crowded field of agentic dev tools from Anthropic, Google and others.

    Australian Tech

    Canva slashes growth forecast as AI costs mount

    Canva has cut its 2026 revenue growth target from 30% to 20%, with CEO Melanie Perkins calling it a deliberate move to manage the rising cost of AI infrastructure. It's a candid signal that even Australia's biggest SaaS success story is feeling margin pressure from the AI buildout.

    Bowen unveils federal laws to force green-powered data centres

    Climate and Energy Minister Chris Bowen announced federal legislation that will override state and territory approvals, requiring all new large data centres to run on new renewable energy. The move follows growing concern about AI-driven power demand, echoing a similar pause in Texas this week.

    Fujitsu, Monash and CSIRO team up on quantum

    Monash University and the CSIRO have signed a deal with Fujitsu to give Australian students and researchers access to advanced quantum computing R&D infrastructure, aiming to grow the local quantum workforce and capability.

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