‘Confidence evaporated’: Explaining Firmus’ $44 billion IPO flop
The “AI factory” developer, founded by Oliver Curtis and Tim Rosenfield, attempted to hit the ASX later this month with a market value of over $40 billion. Investors balked.
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‘The Social Reckoning’ policies that Silicon Valley avoided – and Canberra delivered
Australia enacted what Washington D.C. debated and Hollywood exposed. Now, Meta is facing $23 billion in fines for not protecting the mental health of its users. Here are the whistleblowers who brought the Reckoning to light.
OpenAI asked the chip industry to build faster. Then it built its own chip team.
Richard Ho, who helped create Google’s first TPU chip, also built OpenAI’s semiconductor unit from scratch. Now he’s grappling with deploying the first chips, doomerism and “competing among friends” with Nvidia.
Firmus absorbed 70% Australian startup funding before attempted IPO
Q3 was the biggest fundraising quarter on record for the Australian startup sector. However, 69 per cent of funds went to Firmus.
Anthropic pauses free Claude startup perks days after launch
Anthropic paused free Claude Team and API credit offers for startups just days after launching the expanded program, triggering backlash from users.
Inside the Everest and the fight to keep racing relevant
Sydney is about to host the world’s richest turf race but Australians aren’t betting like they used to, club members are aging and opposition to the sport itself has been vocal. We talked to the Australian Turf Club’s CEO Steve McMahon, Racing NSW’s newly appointed CEO, Graeme Hinton, and legendary trainer David Hayes about what the future looks like.
Nvidia chief Jensen Huang’s net worth falls below $200 billion mark as tech stocks drop
Nvidia and Oracle stock fell on Thursday afternoon after a report that OpenAI’s annualized revenue as of September was around $20 billion lower than prior estimates.
Australia’s top companies for women in 2026
Goodman Group leads the local contingent of eight Australian companies on Forbes’ 2026 ranking of the World’s Top Companies For Women.
TikTok quietly gutted its advertising rules. Scams have exploded ever since.
Last year, TikTok’s executives quietly defanged its advertising rules, opening the floodgates to fraudsters that target American users with fake sales of products that never arrive. Sources told Forbes the change was understood internally as a way to make more money.
Square Peg raises over $1 billion for new funds amid AI bonanza
The Australian VC finalised two funds, one for early-stage investments and another for bigger bets, totalling over $1 billion.