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Elon Musk’s AI company eyes new funding round at $40 billion valuation, report says

The company is currently valued at $24 billion following a $6 billion funding round this spring.

  • By Antonio Pequeño IV

Australian fashion retailer Mosaic Brands collapses

The parent company behind Australian clothing brands Rivers, Katies and Noni B has entered voluntary administration.

  • By Anastasia Santoreneos
  • Forbes Staff

Tesla delivers robust Q3 earnings as Musk’s firm returns to profit growth

Tesla shares shot up more than 5% as the said it expects “slight” year-over-year vehicle delivery growth, going against Wall Street’s expectation of a decline.

  • By Derek Saul
  • Forbes Staff

Nvidia can approach $5 trillion valuation with ‘generational’ AI opportunity still ahead, BofA says

Nvidia stock is already up 180% this year and more than 31,000% over the last decade as the company became the face of the artificial intelligence revolution.

  • By Derek Saul
  • Forbes Staff

Qantas ordered to pay $170,000 to sacked workers, $100 million more to come

The national carrier will compensate three staff as a test case, with full compensation to be determined in November.

  • By Anastasia Santoreneos
  • Forbes Staff

Netflix earnings: Stock climbs as streaming giant beats expectations—But subscriber growth slows

The streaming giant’s third-quarter earnings report was released Thursday.

  • By Lindsey Choo
Andrew Wilks

Professor got nothing from the $2.8b sale of his molecule, and that’s okay

Discovering a cancer-busting molecule opened the door for PM’s prize-winning scientist Andrew Wilks’ next career as an entrepreneur and venture capitalist making killer returns.

  • By Mark Whittaker
  • Forbes Staff

Female founders forced to wear ‘concrete boots,’ funding still ‘appallingly low’

Funding for female founders rose from 11% of deals in Q2 to 13% in Q3. But its still down significantly from 2023. Techstars managing director Kirstin Hunter and Flying Fox Ventures’ Rachael Neumann say companies founded by women are not getting the resources they need to be successful.

  • By Shivaune Field
  • Business Journalist

Australian start-up funding slumps to $695 million across Q3

Deal numbers might be high but the absence of those over $100 million has seen start-up funding tank to Q1 levels after a six-quarter high (in Q2).

  • By Anastasia Santoreneos
  • Forbes Staff

Nvidia eclipses Microsoft as world’s second-largest company

Nvidia shares’ outlook still looks “pretty darn good” after its valuation increased tenfold over the last two years, remarked one analyst.

  • By Derek Saul
  • Forbes Staff
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