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AI

OpenAI opens door for payments to Australian creatives as part of AI data centre drive

The AI titan told a Joint Parliamentary Committee that it could be open to paying a fee to a fund for Australian creatives as compensation for using local content to train models. OpenAI says it is open to the idea of paying into a fund that rewards creatives for work used to train its artificial […]

  • By Daniel Van Boom
  • Business Journalist

This new robot billionaire is betting big on humanoid gyms

David Reger’s $7 billion Neura Robotics wants to be the Apple of physical AI, building not only an army of industrial and humanoid robots, but also their operating software system and the “gyms” where they will train. Nvidia, Amazon and Tether are onboard to the tune of $1.4 billion.

  • By Nina Bambysheva
  • Forbes Staff

How bootstrapped wellness startup KIC is building the female hydration market

KIC founders Laura Henshaw and Steph Claire Smith are entering brick-and-mortar retail, launching a hydration line specifically for women.

  • By Shivaune Field
  • Business Journalist

‘Confidence evaporated’: Explaining Firmus’ $44 billion IPO flop

The “AI factory” developer, founded by Oliver Curtis and Tim Rosenfield, attempted to hit the ASX later this month with a market value of over $40 billion. Investors balked.

  • By Daniel Van Boom
  • Business Journalist

Asides

OpenAI asked the chip industry to build faster. Then it built its own chip team.

Richard Ho, who helped create Google’s first TPU chip, also built OpenAI’s semiconductor unit from scratch. Now he’s grappling with deploying the first chips, doomerism and “competing among friends” with Nvidia.

  • By Richard Nieva

Firmus absorbed 70% Australian startup funding before attempted IPO

Q3 was the biggest fundraising quarter on record for the Australian startup sector. However, 69 per cent of funds went to Firmus.

  • By Daniel Van Boom
  • Business Journalist

Anthropic pauses free Claude startup perks days after launch

Anthropic paused free Claude Team and API credit offers for startups just days after launching the expanded program, triggering backlash from users.

  • By Fiona Riley

Nvidia chief Jensen Huang’s net worth falls below $200 billion mark as tech stocks drop

Nvidia and Oracle stock fell on Thursday afternoon after a report that OpenAI’s annualized revenue as of September was around $20 billion lower than prior estimates.

  • By Fiona Riley
Square Peg's Ben Hensman, Leila Lee, Dan Krasnostein and Paul Bassat. Credit: Square Peg.

Square Peg raises over $1 billion for new funds amid AI bonanza

The Australian VC finalised two funds, one for early-stage investments and another for bigger bets, totalling over $1 billion.

  • By Daniel Van Boom
  • Business Journalist

Figure’s Brett Adcock sold investors a humanoid future. Now he has to build it.

Figure’s robots are still in pilots. Its valuation hit $39B. Brett Adcock’s partners keep correcting his claims

  • By Anna Tong
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