Good morning! Here’s what you need to know in tech today:
1. The 500 Startups dream is over in Melbourne after LaunchVic pulled $2 million in funding. The announcement follows the resignation of 500 Melbourne managing director Rachael Neumann just weeks into her new role.
2. Artificial intelligence could help Australian couples divorce quickly and cheaply. The Australian government has granted $341,000 to National Legal Aid to investigate creating an online system that could reduce the number of long and expensive divorce proceedings.
3. An Australian robot is creating unique pieces of public art. The robot being trained at Brisbane’s UAP (Urban Art Projects) is the start of an $8 million design robotics research project at the Queensland University of Technology to develop vision-enabled, agile and adaptable robots to make high-value products, rather than mass produced pieces.
4. If you want to give your children pocket money, there’s an app for that. A a former equity analyst and former Googler have teamed up to design a free app that will help both parents and kids keep track of pocket money. They describe the app, called Pennybox, as “banking with training wheels” for kids between 6 to 16.
5. Virgin Australia plans to offer inflight wi-fi on domestic flights from October. The airline hopes to have wi-fi on a majority of its domestic fleet by the end of 2018, with its five international Boeing 777 also fitted out by the same deadline, and claims it will be the first Australian airline to offer wi-fi internationally. Virgin will offer a basic domestic service for free, and has not yet revealed how much it will charge for faster speeds or international wi-fi.
BONUS ITEM: Snap misses across the board for Q2 earnings. The news sent its stock diving more than 10% in after-hours trading. Despite the poor results, the social media platform still has a solid advantage over its competitors in one key area.
Have a great weekend!