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Diraq

Diraq strikes $53m agreement with US Government – and is eyeing up to $420m more

The quantum computing startup will receive up to $53 million to establish a supply chain in the US. Later this year it hopes to progress through a US Defence initiative that could score it an even bigger windfall. Andrew Dzurak first received grant funding from the US Government when he was a quantum academic in […]

  • By Daniel Van Boom

‘Banana republic territory’: Founder says CGT changes will leave Aussie startups ‘captive’

Michael Biercuk was one of many startup founders who joined Allegra Spender’s roundtable on capital gains tax reform.

  • By Daniel Van Boom

Meet the 25-year-old vying to become Hollywood’s first AI movie mogul

Ex-Google engineer Cecilia Shen cofounded Utopai to crack the code on long-form AI-generated content. And thanks to an investment from NBA legend Carmelo Anthony, the Under 30 alum is now running a billion-dollar studio.

  • By Matt Craig

‘AI growth is the only race worth running’: Mars Growth Officer’s 4am epiphany

Najoh Tita-Reid was tasked with supercharging growth across a $30 billion division of the Mars global conglomerate. Unbeknown to her, AI was running 25 per cent of the race – and outperforming the status quo. She quit to learn the new rules of the road.

  • By Shivaune Field
  • Business Journalist

Asides

OpenAI cofounder and former Tesla AI leader Andrej Karpathy joins Anthropic

The hire marks a win for the Claude maker in the high-stakes AI talent wars.

  • By Alicia Park
PsiQuantum

PsiQuantum ditches Brisbane Airport plan in bid to break ground on supercomputer

The startup hoped to begin constructing facilities at the Brisbane Airport Industrial Park last year. Now it’s found a new home for its quantum computer, due by the end of next year.

  • By Daniel Van Boom

We have no clue what goes on inside AI’s brain. This $1.25 billion startup is trying to find out.

Founded in 2024, Goodfire is trying to fix AI’s black box problem — increasingly important as AI systems take on high-stakes tasks in cybersecurity and finance.

  • By Rashi Shrivastava

Inside Scale AI’s business after Meta’s bombshell $14 billion deal

How Scale AI Is Adapting Post Meta Deal And Founder’s Departure

  • By Richard Nieva

Here’s everything that’s suddenly going wrong for Sam Altman’s OpenAI

OpenAI could soon take legal action against Apple after the company’s promise to integrate ChatGPT into its software hasn’t fully panned out, Bloomberg reports.

  • By Alison Durkee
  • Forbes Staff

Former OpenAI researcher to raise $500 million for AI science startup

Periodic Labs, which plans to push breakthroughs in physics and chemistry using artificial intelligence, has seen its valuation jump sixfold in just eight months.

  • By Iain Martin
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