Billionaire Jack Dorsey thinks AI will kill middle management
Billionaire Jack Dorsey says AI could replace middle managers. After cutting 4,000 jobs at Block, he may already be putting that idea to work.
Business
OpenAI valuation reaches $852 billion after massive funding round
The record-breaking funding round comes as the AI company reportedly lays the groundwork for going public.
Inside the race to sell OnlyFans
OnlyFans has been a money-printing machine for its secretive billionaire owner Leonid Radvinsky. Investors were puzzled by an obscure debt fund’s pitch to buy him out, until they learned of his terminal cancer diagnosis.
The Melbourne doctor who built a $660m health AI company just launched hardware
Leveraging Point72 and Blackbird’s backing, Melbourne-founded Heidi evolves its AI-driven health solutions.
Meet the AI company food conglomerates call when they want to future-proof their products
Backed by Jeff Bezos, Danny Meyer and other savvy investors, Matias Muchnick’s NotCo has created alternatives for Coca-Cola, Kraft Heinz, Ferrero and more food giants. And the appetite for change is only growing.
The $66 billion drain: Why exhausted leaders are costing Australia dearly
Every year, the Australian economy bleeds an estimated $66.3 billion. It is not lost to supply chain disruptions, regulatory changes, nor market volatility. It is lost to sheer, chronic exhaustion.
Meet the $9 billion AI company reimagining vibe coding
Amjad Masad’s Replit allows users to work together like they’re doodling on a white board. It also made him a billionaire along the way.
This startup’s AI beat 99% of humans in six elite hacking competitions
An Israeli startup let its AI loose in advanced cyber games. It did better than 125,000 humans.
How ‘quiet firing’ destroys companies from the inside out
A LinkedIn survey of over 200,000 professionals revealed that 48% have witnessed a colleague being ‘quietly fired.’ This isn’t a fringe behaviour, writes Lauren Ryder. It’s a pervasive management failure playing out in plain sight.
Live: RBA Rate Decision Tracker
From aggressive hikes to the first cuts of the cycle, the Reserve Bank’s policy moves have reshaped mortgages, business borrowing and the economy. Below, we break down every rate decision since 2023.