Canva to acquire Australian AI platform MagicBrief
Canva has announced its intention to acquire MagicBrief as the design juggernaut eyes a major platform expansion.
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.
Inside the quiet rise of Australia’s self-made female millionaires
Canva’s Melanie Perkins is arguably Australia’s only self-made female US-dollar billionaire, with most wealthy women’s fortunes stemming from inheritance. But a new wave of self-made millionaires is beginning to reshape the narrative. This story was featured in Issue 17 of Forbes Australia. Tap here to secure your copy. One-third of the brains behind Australia’s design juggernaut, Canva’s Melanie […]
Lululemon signs 10-year deal with Aussie recycling start-Up Samsara Eco
Athleisure juggernaut Lululemon will source a significant portion of some its fabrics from Samsara Eco under a new 10-year offtake agreement.
Advanced AI models face ‘complete accuracy collapse’: Apple
New AI variants called large reasoning models face ‘a complete accuracy collapse’ beyond certain complexities, a new paper published by Apple researchers argues.
Qantas to close Jetstar Asia amid rising costs: ‘A very tough day’
Qantas will close Jetstar Asia, the group’s Singapore-based low-cost subsidiary amid rising costs and intensified competition in the region.
Australia’s quantum mastermind joins Tech Council
Michelle Simmons, CEO and founder of Silicon Computing (and former Australian of the Year), has joined the Tech Council of Australia on its board of directors.
Qantas bolsters Frequent Flyers with new David Jones partnership
Australia’s national carrier, Qantas, has partnered with department store David Jones to expand the reach of its Frequent Flyer program even further.
Virgin Australia seeks $2.3 billion valuation at IPO, reports
The airline is set to re-enter the ASX and looking to raise $685 million in its initial public offering, Reuters reports.
‘First in Australia’: Delivery startup banks $1.45m – and puts ‘Bitcoin on the balance sheet’
Last-mile delivery start-up Locate Technologies says it will stash cash in excess of its working capital in Bitcoin.
Rugs to riches: How Miss Amara spun a $26m empire from the floor up
From spying a growing category on Google Search to becoming a household name across Australia and New Zealand (not to mention expanding in Hong Kong and the US), the husband-and-wife duo behind Miss Amara, Alexandra and Aaron Weller, know a thing or two about category disruption. It’s 2014 and Aaron Weller is working in the […]