Innovation

Seoul-based FuriosaAI was founded in 2017 and is led by June Paik, who previously worked at Samsung Electronics and AMD.

Just two months after coming out of stealth mode, the Sydney-headquartered company is valued at $30 million. Alumni from Atlassian and Canva founded Index in 2023 and are the first Sydney entrepreneurs to go through the US Y Combinator program.

Elon Musk co-founded OpenAI with Sam Altman and a group of others in the tech realm in 2015, but left in 2018.

Imagine a world where your business operates autonomously to unlock its full potential, orchestrating decisions, negotiating deals and innovating relentlessly without your constant intervention. It’s not a distant dream, it’s the inevitable reality of the agentic web: a term entrepreneurs, founders, the C-suite and marketers are going to need to become familiar with. Fast.

China has hit back at Australia’s decision to ban DeepSeek from government devices, calling it a politicised move against Chinese technology

The Microsoft-owned developer platform says the move facilitates organisations in highly regulated industries like banking to store their code in Australia.

Ovum, founded by Dr Ariella Heffernan-Mark, has raised $1.7 million in a pre-seed round to tackle the women’s health market – projected to be worth $121 billion by 2033. Globally, the gender health gap is valued at $1 trillion.

Earnings were weaker than expected, the near-term outlook is murky, EV sales are down, and Elon Musk is more distracted than ever before. But with a phalanx of loyal shareholders and a cowed board he’s not going anywhere.

The leading AI startup is currently valued at $157 billion.

White House AI czar David Sacks alleged Tuesday that DeepSeek had used OpenAI’s data outputs to train its latest models through a process called distillation.