Some startups are making millions in months thanks to AI. Most are falling behind.
AI-native startups are growing their annual revenue 240 per cent faster than non-AI peers. But there is evidence AI is concentrating success rather than spreading it.
AI
AI agents have struck again. Should you give them your passwords?
Less than a month after it was announced that Medicare was hacked by OpenAI agents, more government platforms have been identified as vulnerable. This time, due to security flaws in PHP websites. Australian experts weigh in on the risks.
‘Whole new revenue opportunity’: Canva bets big on Craft foundation model
Canva has debuted its first foundation model, called Craft, which competes with image generation tools from OpenAI, Google and others. Canva on Friday released Craft, a foundation model that outperforms competition from Google, Elon Musks’s xAI and Microsoft while allowing the design giant to more cheaply offer its own AI wares. Canva began building Craft […]
World’s 6 richest lose $130 billion on Thursday as AI spending fears sink tech stocks
The six wealthiest people in the world collectively lost $130 billion on Thursday as tech sector stocks tumbled on renewed fears about the return on investment for the hundreds of billions of dollars companies are pouring into AI infrastructure.
OpenAI says AI found one of the biggest web weaknesses ever
Researchers claim the AI’s findings “rank among the most severe vulnerabilities discovered in PHP, and arguably in software history.”
Meta posts $64 billion in revenue and announces stock split in Q3 earnings
The earnings report follows a strong month for Meta’s stock, which recently recorded its highest point of the year after several months of turbulence.
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 […]
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.
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.
‘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.