Why Woolworths may be sitting on a $3 billion gold mine

Why Woolworths may be sitting on a  billion gold mine

By Tom Richardson
Publication Date: 2025-11-24 08:22:00

Grocery group Woolworths isn’t known for its technology investments, but it is behind a company that is at the heart of the AI ​​revolution sweeping the Australian economy.

The food giant owns 80.4 percent of Sydney-based technology company Quantium, which sells data analytics and AI consulting services to leading companies such as the Commonwealth Bank of Australia, Flight Centre, Qantas Airways and Telstra.

Adam Driussi, founder and CEO of Quantium, said he fielded inquiries from more than 1,000 local executives looking for advice on how to use AI to improve operational performance.

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His company, based in Sydney’s South Eveleigh technology district, is reported to have posted a profit of $15 million on revenue of $311.6 million for the 12 months ended June 30, 2024, a result…