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If venture capital is about innovation, why does it always look the same?

Cut Through Venture’s latest quarterly report shows 100% of Series B+ funding went to man-only startup teams, confirming what women founders already know: Australia’s venture ecosystem rewards sameness. But it doesn’t have to be this way.

  • By Kirstin Hunter - Contributor

Luxury stocks—Hermès, Prada, more—boom as LVMH earnings fuel rally

The luxury bellwether reported sales growth for the first time this year.

  • By Ty Roush
  • Forbes Staff

Australian start-up funding rebounds to over $1 billion across Q3

Despite a continued drought of mega-deals, Australia’s venture funding climbed back to the billion-dollar mark in Q3, driven by a surge in accelerator activity and heightened investor appetite for deep-tech and AI-focused companies.

  • By James McCreery

AMD shares surge 30% after multibillion-dollar deal with OpenAI

OpenAI has agreed to purchase and deploy 6 gigawatt worth of AMD’s AI chips.

  • By Siladitya Ray
  • Forbes Staff

Asides

Daniel Ek is stepping down as CEO of Spotify, the streaming company he cofounded in 2006, and moving to executive chairman. In his place, Spotify’s current presidents Alex Norström and Gustav Söderström will be elevated to co-CEOs. The transition will take place on January 1, 2026.

Why Spotify CEO Daniel Ek is stepping down after nearly two decades

Daniel Ek, the billionaire founder of the $150 music streamer, is exiting Spotify’s top role as he is increasingly backing moonshot tech companies

  • By Steven Bertoni

Crypto boom creates 69,000 new millionaires in the past 12 months

The number of ultra-wealthy crypto individuals is rising sharply, thanks in large part to the surge in Bitcoin, a new report from Henley & Partners has revealed.

  • By Anastasia Santoreneos
  • Journalist & List Editor

WiFi start-up Morse Micro banks $88 million Series C

The capital will fuel Morse Micro’s international expansion, scale production and support its transition to IoT 2.0.

  • By Anastasia Santoreneos
  • Journalist & List Editor

Elon Musk’s xAI could be valued at $200 billion after $10 billion funding round, report says

Elon Musk’s artificial intelligence firm xAI will hold a funding round valuing the company at $200 billion, according to CNBC, keeping up with or nearing massive valuations from competitors like Anthropic and OpenAI.

  • By Antonio Pequeño IV

Nvidia will invest $5 billion in rival chipmaker Intel

Nvidia’s investment in its struggling rival comes less than a month after the U.S. government took a 10% stake in Intel.

  • By Siladitya Ray
  • Forbes Staff
Planned new international gates as part of the T2 and T3 terminal expansion. Image: Sydney Airport

30 million more passengers? Inside Sydney Airport’s 2045 super terminal project

Sydney Airport has released its draft Master Plan 2045, outlining the biggest redevelopment since the Olympics. The plan includes a new super terminal, expanded freight capacity, more than 30 million extra passengers a year, and a net zero pledge. Here are the key details.

  • By Samuel Hussey
  • Head of News & Life
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