Tim Doyle believed Eucalyptus could hit $10 billion. Here’s why he sold it for a fifth of that
Eucalyptus sold to Hims & Hers for $1.6 billion earlier this year. Co-founder Tim Doyle explains the rationale behind the sale.
Innovation
‘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.
Diraq scores $73 million in US defence race against quantum heavyweights
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.
Figure’s Brett Adcock sold investors a humanoid future. Now he has to build it.
Figure’s robots are still in pilots. Its valuation hit $39B. Brett Adcock’s partners keep correcting his claims
This former OpenAI exec is trying to cure chronic diseases, including her own
Sufferers of complex, chronic diseases like POTS and long COVID often spend years searching for relief. The longtime tech exec started ChronicleBio to find treatments using AI and lots of biological data.
Anthropic will let Australia stress test dangerous new models
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.
Evan Spiegel’s ill-fated $3 billion plan to put Snapchat on your face
The former tech wunderkind has poured billions into his quest to make technologically superior AR glasses and best nemesis Zuckerberg’s Meta.