Aussie AI platform powering bank lending raises $28 million
AI decisioning platform, Rich Data Co, has banked $28 million in a Series B funding round led by Westpac and US cloud banking software firm nCino.
Anastasia Santoreneos
Anastasia Santoreneos reports on innovation, technology, business and wealth. She also compiles Forbes Australia's lists. Email Anastasia at anastasia.santoreneos@forbes.com.au.
EV hype subdues as hybrids take centre stage overseas – but what’s happening Down Under?
New research finds used electric vehicle prices are down more than a third, with Teslas suffering some of the largest price drops – but hybrids are selling like hotcakes.
‘Backing the next generation’: VC firm raises $12 million for early-stage startups
A two-year-old venture and advisory firm, Happenco, has closed its first funDing, raising $12 million to invest into early-stage startups.
Charlie Munger, Warren Buffett’s right-hand man, dies aged 99
Wealthy investment guru Charlie Munger, renowned for amassing vast wealth before joining forces with Warren Buffett at Berkshire Hathaway, passed away at the age of 99.
100 trillion: Meet the Aussies on a mission to clean up space junk
Space Machines Company launched in 2019 with a mission to clean up space junk and service the some-7,000 satellites orbiting in the sky. After two-and-a-half-years in design-mode, its orbital servicing vehicle, Optimus, is ready for take-off, on SpaceX’s Falcon 9 launch in March 2024.
‘Early days’: Salesforce SVP talks OpenAI turbulence and the future of AI
As news of OpenAI CEO Sam Altman’s ousting – and subsequent hiring at Microsoft – spreads, Forbes Australia sat down with Salesforce SVP of AI and Machine Learning, Jayesh Govindarajan, to find out what this means for the broader industry.
Meet Mira Murati: OpenAI’s new interim CEO
The 34-year-old engineer and chief technology officer of OpenAI has been thrust into the role of CEO after previous boss Sam Altman was ousted from his role.
Bondi Sands co-founder’s newest venture after $450 million exit
Iconic Australian self-tan brand Bondi Sands sold to Japanese chemical and cosmetics giant Kao Corporation in August this year, in a deal worth $450 million. Now, co-founder Blair James is on to his next venture, with serial entrepreneur Hamish Buckley. They say they’re staring down a $230 billion opportunity.
‘Poverty pay’: Virgin staff could strike over unsafe conditions
Virgin Australia could face strike action over job insecurity, unsafe conditions and ‘poverty pay’ as the airline’s approach to bargaining ‘frustrates’ staff, the Transport Workers Union says.
WeWork files for bankruptcy but founder Adam Neumann is still a billionaire
Adam Neumann’s net worth was last valued at US$2.2 billion by Forbes, as the company he co-founded, WeWork, files for Chapter 11 bankruptcy in New Jersey. Co-working start-up WeWork was founded in 2010, and revolutionised the concept of office-space for freelance, remote and self-employed workers. The business, which was once valued at US$47 billion, last […]