Apple claims OpenAI stole trade secrets in new lawsuit

Apple filed a lawsuit against OpenAI and two former employees for theft of trade secrets, alleging the AI company took Apple technology to further their own hardware development. Key Facts Key Background OpenAI has spent the last year expanding into consumer hardware, acquiring former Apple designer Jony Ive’s io Products for about $6.5 billion and […]

Brandon Capital scores its biggest return ever with $2.1bn biotech acquisition

Brandon Capital led cancer therapeutics startup Myricx Bio’s $8.5m seed round in 2019. Now Novartis is buying it for up to $2.16 billion. One of Australia’s longest tenured VC firms will soon enjoy its best ever return on a single investment following Novartis’ US$1.1 billion ($1.58 billion) acquisition of London biotech startup Myricx Bio. Melbourne-headquartered […]