News

Forbes has been valuing the real estate tycoon and former president’s fortune for decades. Here’s the math behind how much cash he likely has on hand.

Musk claimed OpenAI and Altman elected to use the company’s technology “to maximize profits” for Microsoft rather than for the benefit of humanity, adding that its entire line of development “is now veiled in secrecy.”

Musk’s $56 billion compensation package was voided in January in a lawsuit brought forth by a Tesla shareholder.

Knight Frank released the 2024 list of minimum net worth for 1-percenters across the globe. The threshold in Australia fell almost a million dollars from last year.

Meta, the parent company of Facebook, has announced it will cease payments to Australian news publishers, effectively ending its financial agreements when they expire later this year.

Uptake of generative artificial intelligence (AI) amongst office workers might be increasing, but women don’t trust it, new research from Salesforce shows.

The Workplace Gender Equality Agency (WGEA) published new data relating to the gender pay gap this week. How did the organisations with the largest market capitalisation in Australia fare? Of the 10 largest, only two came close to the target. The highly profitable companies in the banking sector missed the mark completely.

Apple shares have underperformed the broader market on a 6-month, 12-month and 2-year basis as rival Microsoft surpassed Apple as the world’s most valuable company.

Silvija Martincevic grew up in Croatia. Her truck driver father and her shoemaker mother sent her to the US with $400 in her pocket. Fast-forward to 2021, and Martincevic would lead the US buy now, pay later fintech, Affirm, to its US$24 billion IPO. After a six-month career hiatus, she joined the Australian HR software platform, Deputy, as CEO.  

Allegations about Horner’s alleged misconduct with a Red Bull team member surfaced at the start of February.