Loong Wang’s Metal is a Melbourne-San Francisco startup that raised a huge $37 million seed round. The startup was incubated by Airwallex founder Jack Zhang himself, and the fintech unicorn is its biggest backer. It is no secret that cryptocurrency infrastructure has issues. Consider the retail experience: You walk to your local and buy a […]
The AI titan told a Joint Parliamentary Committee that it could be open to paying a fee to a fund for Australian creatives as compensation for using local content to train models. OpenAI says it is open to the idea of paying into a fund that rewards creatives for work used to train its artificial […]
National Australia Bank will eliminate up to 2,500 roles by the end of the 2027 financial year, represent 6 per cent of the bank’s total workforce. National Australia Bank will cut up to 2,500 roles in an internal restructure it says will help it cope with a tough economy and rapid technological change. NAB expects […]
Eucalyptus sold to Hims & Hers for $1.6 billion earlier this year. Co-founder Tim Doyle explains the rationale behind the sale.
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.
Q3 was the biggest fundraising quarter on record for the Australian startup sector. However, 69 per cent of funds went to Firmus.
Silicon Valley’s VC sector birthed eight of the US’s 10 biggest listed companies. Australia’s new ventures have grown to $100 billion over the past 15 years – but have often found the local market broadly “hostile”. Now – days after Firmus pulled what was supposed to be the biggest float since Telstra – the ASX […]
The Australian VC finalised two funds, one for early-stage investments and another for bigger bets, totalling over $1 billion.
Diraq has progressed to the third and final stage of a quantum computing program run by the US Department of Defense. It comes with US$51 million in funding – with a possibility of another US$249 million.
The AI giant told a parliamentary enquiry that it is finalising an arrangement for Australian safety researchers to evaluate its latest and greatest (and most threatening) models.