More than 200 people turned up for the first full day Techconnect event in Sydney today, which brings together technology entrepreneurs, incubators and investors from all over Australia. One of the first things delegates learned was what it takes to scale internationally from an Australian base - and moving to Silicon Valley probably isn't it.
Technology is one of the three pillars holding up the long term strategy of the Commonwealth Bank, according to the chief executive officer Ian Narev - and it, coupled with the productivity benefits that it underpins, means there's 'no need to send jobs overseas'.
CSIRO has signed up for a Xenon computing cluster based on commodity graphics processor chips - the same chips being used to build the Titan supercomputer at the Oak Ridge National Laboratory in the US, slated to be the world's fastest once completed.
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