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Australia has begun enforcing a world-first ban blocking under-16s from holding accounts on major social media platforms.

Kicked off: Australia’s social media ban for under-16s is here

The new law ‘delaying’ social media accounts for minors under 16 is now in effect. Ten tech companies are impacted by the first ‘blanket ban’ in the world. Other countries may now follow suit.

  • By Shivaune Field
  • Business Journalist

NextDC, OpenAI to develop $4.6 Billion data centre in Sydney

The $4.6 billion data center to be built on NextDC’s facility in Sydney will serve OpenAI clients such as Commonwealth Bank of Australia and Wesfarmers.

  • By Yessar Rosendar
Cursor cofounders Aman Sanger, Arvid Lunnemark, Sualeh Asif and Michael Truell (left to right) met at MIT and decided to build Cursor, an AI coding tool that's now valued at $29.3 billion. The cofounders are newly minted billionaires thanks to its latest fundraise, according to Forbes estimates.

Four cofounders of popular AI coding tool Cursor are now billionaires

The startup nabbed a $29.3 billion valuation in a $2.3 billion funding round Thursday, minting its four 20-something founders as billionaires.

  • By Rashi Shrivastava

AI is running out of data. So, who benefits next?

Australia is running out of the human data that powers AI, and companies are already building systems to monetise the behavioural signals that remain. The risk is simple: institutions capture the value while consumers and the country miss out, writes Cam Partridge.

  • By Cameron Partridge - Contributor

Asides

Google.Illustration by Macy Sinreich for Forbes; Photos by happyphoton/Getty Images; NurPhoto/Getty Images

Google’s hot new AI coding tool was hacked a day after launch

A security researcher discovered a major flaw in the coding product, the latest example of companies rushing out AI tools vulnerable to hacking.

  • By Thomas Brewster
  • Forbes Staff

What AI is doing to our brains: Smarter, dumber or just evolving?

A 2025 MIT study found that using generative AI boosts productivity but reduces memory and cognitive engagement, with brain connectivity dropping by up to 55%. Yet, Nature Neuroscience research shows mindful use can enhance cognitive flexibility.

  • By Anna Lozynski - Contributor

The Australian influencer couple seeking 7-figure cheque to turn AI ‘pink’

High-school-sweethearts-turned-startup-founders Scarlett Frazer and Iestyn Thomas are headed to Silicon Valley to raise funds in a bid to prove the future of AI is feminine.

  • By Anastasia Santoreneos
  • Journalist & List Editor

This startup is racing Duolingo to replace human language tutors with AI

Founded by former Thiel fellows, AI language tutoring app Speak started its journey in Seoul, South Korea. But as it enters the U.S. market, it’ll have to compete with better-known rivals like Duolingo.

  • By Rashi Shrivastava

The $8 billion lesson from Australia’s longest-running tech incubator

As tech incubator Cicada Innovations marks its 25th anniversary, new CEO Liza Noonan reflects on how a $20 million initial public investment helped generate more than $8 billion in economic value, and why long-term commitment remains critical to building Australia’s sovereign deep tech future.

  • By Anastasia Santoreneos
  • Journalist & List Editor

OpenAI could be blowing as much as $15 million per day on silly Sora videos

Some back-of-napkin math suggests OpenAI is spending more than a quarter of what it’s making to power the AI slop factory.

  • By Phoebe Liu
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