5 things you need to know in Australian tech today

Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar.

It’s Friday. You made it. Here’s what you need to know in Australian tech today.

1. Google I/O. Announcements at the tech company’s conference were mostly about important but minor improvements to existing products including a new, improved Google Cardboard headset that takes only three steps to assemble, an offline version of Google Maps and a new version of Android.

2. But there were a couple of cool plans revealed at this year’s Google event, including Project Brillo, a big plan to take over your home. It also revealed Project Jacquard, a project that weaves electronics into fabric.

3. The BRW rich list is out and, of course, some of Australia’s kick-ass tech execs made the cut including Atlassian co-founders Mike Cannon-Brookes at 42 with $1.14 billion and Scott Farquhar at 43 with $1.13 billion, Campaign Monitor co-founders Dave Greiner and Ben Richardson at 106th spot with $500 million as well as Kogan founder Ruslan Kogan at 173rd place with $335 million. Full list is here.

4. Rio Tinto has struck a $20 million, 5 years deal with IT service provider Empired. The ASX-listed tech company also works with Toyota and will provide application support and project services to Rio. There’s more here.

5. Scientists just created a biodegradable computer chip out of wood that could make cell phones cheaper. More here.

Have an awesome weekend! I’m on Twitter.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.