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Business

Live: RBA hikes cash rate to 4.85% – the highest since 2008

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.

  • By Forbes Australia

They grew up amid blackouts. Now they’re developing AI to keep the lights on

Ash Kansakaar and Jaideep Upadhyay met in Melbourne after growing up in Nepal and India, respectively. They’ve raised $3 million for their Syncrowin startup, which develops AI to help power providers predict disruptions before they happen.

  • By Daniel Van Boom
  • Business Journalist
The top 10 richest people in the world (September 2026)

Ranked: The top 10 richest people in the world (November 2026)

The fortunes of the eight wealthiest people on the planet all dropped over the past month as tech stocks tanked.

  • By Forbes Staff

Sharon AI to turn former paper mill into ‘landmark’ data centre campus

Australian, Nasdaq-listed neocloud Sharon AI is hiring staff and looking to raise capital for a data centre campus in regional New South Wales, to be delivered by a mysterious “affiliated venture.” In September Australian neocloud Sharon AI confirmed it had bought a retired paper mill in Albury, a regional city between Sydney and Melbourne. It […]

  • By Daniel Van Boom
  • Business Journalist

Asides

Airtree backs Aussie AI startup after its robotics model beat Alibaba, Mistral

Airtree has pumped $5 million into Adelaide’s Metacognition, bringing the AI startup’s pre-seed round to a huge $15 million.

  • By Daniel Van Boom
  • Business Journalist

What is p(doom)? How tech leaders evaluate existential AI risk

As frontier AI accelerates, tech leaders are split on p(doom) – the Bayesian probability metric tracking catastrophic AGI risk.

  • By Shivaune Field
  • Business Journalist

AirTrunk secures $4.25 billion loan amid $75 billion Australian data centre splurge

While NextDC reels from a costly delay to a flagship campus, Robin Khuda’s AirTrunk has secured a fresh batch of billions.

  • By Daniel Van Boom
  • Business Journalist

Anthropic founders can name secret successors

Anthropic’s IPO includes a private line of succession: confidential lists of would-be heirs to its founders’ voting power.

  • By Anna Tong

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.

  • By Daniel Van Boom
  • Business Journalist

AI agents have struck again. How much access should you give them?

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.

  • By Shivaune Field
  • Business Journalist
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