AI

The layoffs will reportedly not impact the company’s division developing next-generation AI models.

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.

When Sundance vaulted indie filmmakers into the spotlight in the late 1980s, it reshaped cinema and the business around it.

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

India, France, the UK and the UAE are already building sovereign AI. An Aussie LLM needs 30 billion parameters, and can protect against offshore policy shifts, price shocks, and opaque black-box systems.

Atlassian has made its second billion-dollar AI acquisition in less than a month, announcing a US$1 billion (AU$1.54bn) deal to acquire DX, a Salt Lake City-based startup that helps engineering teams measure the real-world impact of AI on productivity. The acquisition, expected to close in Q2 FY26, is being paid for with a mix of cash and restricted stock.

An alum of Google and Twitter, Edwin Chen built his data labeling company, Surge, in the shadows of the AI revolution. Now the 37-year-old wants to make his voice heard.

The AI firm will pay $3,000 for each of about 500,000 books under the settlement agreement.

Nathan Xu’s Plaud has sold more than 1 million AI recording devices that transcribe and summarize the busy days of doctors, lawyers and business people.

Atlassian, Canva, and CBA already have contracts with the Silicon Valley-headquartered tech disruptor. A new office opening in Sydney this year expands OpenAI’s reach in Australia.