Samsara Eco kicks off $100m raise to recycle critical minerals
After forging deals with Lululemon and LSKD for its recycled fabrics, Samsara Eco is looking to develop a means of extracting and reusing rare earth metals.
Innovation
How Bending Spoons built a $18.4 billion empire by buying internet has-beens like AOL
Buying busted apps made Bending Spoons’s four cofounders billionaires. Now their stakes have collectively jumped to $8.9 billion after the Milan-based startup scrap yard listed on Nasdaq at an $18.4 billion valuation.
AI data centres are set to electrify this $13 billion family’s 76-year-old company
The Richards family is one of America’s richest clans, thanks to its electrical manufacturing company Southwire. Here’s why the AI craze should boost that fortune.
Mako shark-inspired startup hunts down $28m to make aviation more efficient
Armed with microchip-printing tech, Henry Bilinsky is deploying nature’s fastest blueprint to rip through global aviation emissions and leave legacy aerospace giants in his wake.
IREN co-founders score $1.14 billion pay packet amid AI bonanza
The board of Sydney-headquartered IREN approved a four-year stock compensation package for co-CEOs Dan and Will Roberts currently worth over $570 million each. The board of Sydney-headquartered, New York-listed IREN has approved an equity package for co-founders Will and Daniel Roberts valued at US$788 million ($1.14 billion) based on its stock price today. Each brother […]
Anthropic’s Fable and Mythos models are back
The U.S. government slapped Anthropic with export restrictions days after the Fable 5 model was released to the greater public over cybersecurity safety concerns.
Tesla’s electric Semi has its first fatal crash
Two people in a Volkswagen Beetle died after the massive battery-powered truck struck them at a highway intersection in Nevada, not far from the factory that builds it.
This drone startup bagged BHP, Rio Tinto as customers. Now it’s raised $25m to tackle defence spending boom
Emesent, a drone tech startup spun out of CSIRO, has raised $25 million in a round that includes NGS Super, Hostplus, Main Sequence and the NRF. CSIRO-spinout Emesent has raised $25 million in fresh funding, including $10 million in venture debt from the National Reconstruction Fund, as it aims to jump further into the exploding […]
Six women shaking up the Australian Quantum scene, you need to know
From CSIRO, to Q-CTRL, to Quantum Australia, here are six standout women changing the face of emerging technology in our nation.
The program that built Nike and H&M’s AI chiefs is coming to Australia
Faculty has for a decade run a highly-sought after Fellowship program turning STEM academics into AI workers. It’s now launched in Australia, its first foray outside of the UK.