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What began as a tool to troubleshoot power grids has pushed Neara into unicorn territory, as booming data centre demand reshapes how electricity networks are planned and supplied. Key Takeaways Big number 945 terawatt hours. That’s how much energy the world’s data centres are forecast to be chewing up by 2030, compared to about 415 […]
Following an unpolished, swearing predecessor, the team behind Sovereign Australia AI is securing investment to deploy Australis – a platform built to insulate domestic information from foreign jurisdiction. The first proof of concept at building an Australian large language model came out sounding more like an argument in a North Queensland pub than a trusted […]
World skiing’s governing bodies created a new Winter Olympics sport and put this Aussie in charge, even though he’d never done it before. Lara Hamilton was studying on an athletics scholarship at Boise State University when, in 2020, she saw people “skiing uphill really fast” in Colorado. She’d never heard of ski mountaineering until then […]
Quantum startup Diraq has secured a $20 million strategic equity investment from the National Reconstruction Fund as the University of New South Wales spinout pushes to outpace global rivals in the race to build a practical quantum computer. Key Takeaways Background Physicist Andrew Dzurak founded Diraq after breaking away from the lab of his more […]
Telepathic Instruments could have marketed Orchid as “the Tame Impala synth.” Instead, Parker chose mystery over mass appeal – and built a $12-million business by making it harder, not easier, to get one. Kevin Parker won’t say which parts of his Tame Impala song, End Of Summer, that won a Grammy Award yesterday came out […]
The National Reconstruction Fund Corporation has made its first transport investment, backing Melbourne-based autonomous vehicle maker Applied Electric Vehicles with a $30.7 million equity injection as part of the company’s $58 million Series B raise. The money from the federal government’s $15 billion sovereign investment fund will help send 100 Australian/Japanese made vehicles – with […]
After just 14 seconds in the air, Gilmour Space had investors piling on to launch something rarer than orbit: a $217 million Series E Adam Gilmour didn’t set out to build Australia’s next unicorn. He set out to build a rocket – and then enough time to make sure it worked. After a first flight […]
Mark Zuckerberg’s social media juggernaut has pushed back on the federal government’s landmark social media ban, saying that despite wiping more than half a million accounts, the new law is failing to improve online safety and may be creating new risks for teenagers. Key Takeaways Key background Australia’s under-16 social media ban places the responsibility […]
With the annual Elvis Festival kicking off today, and around 50 Elvises set to descend on Parkes, we look at the business lessons behind The King – reinvention, differentiation, and carving out your own Blue Ocean. Tristan James – “Australia’s number one Elvis tribute show” according to his website – loves the book Blue Ocean […]
Four years after taking over a struggling independent Maison, Guido Terreni has transformed Parmigiani Fleurier with one key objective at heart – to make restraint desirable again. Sitting in a dimly lit Collins St. Kitchen inside Melbourne’s Grand Hyatt, Guido Terreni leans forward and unclasps his watch. “Try it on,” he says, sliding the platinum […]