Latest Artificial Intelligence News

Australian Foundation Investment Company (ASX:AFI) posted a 3% increase in net profit for FY26, holding dividends steady with a special payout amid portfolio underperformance against the ASX 200.

Acusensus has won a A$4.3 million contract extension with Queensland’s Department of Transport and Main Roads for its mobile phone and seatbelt detection technology, extending service through November 2027.

Wilson Asset Management's active portfolio surged 75.5% in FY2026, vastly outperforming benchmarks and underpinning a generous fully franked dividend. The fund's pivot to AI, critical minerals, and small resources sectors underpins a cautiously optimistic outlook amid market volatility.

Cycliq Group delivered steady quarterly receipts and returned to net operating cash inflow in Q4 FY2026, driven by a robust End of Financial Year sales campaign and strategic appointments aimed at expanding AI capabilities.

I Synergy Group has appointed Anson Heng as Executive Chairman and Managing Director to spearhead its strategic cooperation with Macau Direch, formalised through a non-binding MoU targeting blockchain, AI, and digital asset initiatives.

Global Health Limited boosted customer receipts by 12.6% to A$9.53 million for FY26, completing its SaaS platform upgrade and cutting cash burn by 30%. The company targets sustained EBITDA profitability and international expansion in FY27.

Careteq Limited (ASX: CTQ) has confirmed it will maintain its ASX listing after selling its Embedded Health Solutions subsidiary, shifting its strategic focus entirely to its HMR Referrals platform. The company reported positive operating cash flow in the March quarter and outlined plans to expand its pharmacist and GP networks while exploring AI and adjacent healthcare opportunities.

Locate Technologies’ Q4 FY26 update highlights a 54% surge in Locate2u revenue to NZ$1.20 million, driving normalised EBITDA into positive territory. AI integration accelerated product development and customer onboarding, while capital moves included a share buyback and royalty conversion.

Mercury NZ invests US$30 million for a minority stake in Datagrid NZ, aligning with its strategy to power long-term renewable demand from large-scale digital infrastructure projects.

Codeifai Limited has secured $770,000 through a share placement, aiming to expand its AI capabilities into self-service SaaS and geospatial intelligence sectors.

MoneyMe ended FY26 with a loan book exceeding $2 billion and achieved positive Normalised NPAT in the second half, supported by strong originations and improved credit metrics.

WiseTech Global is acquiring FRDM.ai for $10 million upfront to accelerate its VerifyWise platform, enhancing multi-tier supply chain risk and compliance monitoring with AI-powered insights.