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Agentic AI startup Source raises $2.1m from Aussie investors

Founded six months ago, Source is led by 18-year-old wunderkid Liam Fuller. Square Peg led the raise when Fuller was 17, making him the youngest founder in the portfolio. Ten13 VC and Aussie angels have written checks too.

  • By Shivaune Field
  • Business Journalist

How Susie Wolff’s F1 Academy is shaping Australia’s next racing stars

Two Melbourne teenagers are lining up on grand prix grids worldwide, raising the profile of women in motorsport and vying to be F1’s first official female driver. It wouldn’t have been possible without another game-changing woman: Susie Wolff.

  • By Shivaune Field
  • Business Journalist

How Fresh Cosmetics nearly failed—and what its founders learned

Lev Glazman and Alina Roytberg streamlined their product lines and focused on Fresh, laying the foundation for the eventual acquisition by LVMH and massive global success.

  • By Megan Bruneau

2025 state of raising: $1.8 billion in – as late-stage deals boom

In just six months, Australian tech firms have raised more funding than they did throughout all of 2024. Late-stage raises are driving the investment, while early and seed-stage have dropped sharply from last year.

  • By Shivaune Field
  • Business Journalist
The House approved legislation to regulate stablecoin Thursday and later approved two other crypto bills. Here's what to know.

House Passes Stablecoin GENIUS Act: Here’s What To Know

The House took a record nine hours to vote to advance the legislation Wednesday as Republican leaders negotiated with conservative holdouts who blocked the trio of bills.

  • By Sara Dorn
  • Forbes Staff

OpenAI launching ‘ChatGPT Agent’—Here’s what to know

The digital assistant will be capable of completing web-based tasks like updating spreadsheets, purchasing ingredients or submitting expenses, according to OpenAI.

  • By Antonio Pequeño IV

Zuckerberg reaches settlement with Meta shareholders in $8 billion privacy case

Facebook shareholders sued Meta leadership in 2018, alleging the company knowingly harvested user data.

  • By Ty Roush
  • Forbes Staff

The Aussie investment in Mira Murati’s $18.5b ‘Thinking Machines Lab’

Australian founder and VC Paul Bassat’s Square Peg Capital is backing Murati’s record-breaking AI startup that aims to ‘advance collaborative general intelligence.’

  • By Shivaune Field
  • Business Journalist
Nvidia CEO Jensen Huang moved ahead of LVMH’s Bernard Arnault to become the world’s sixth-richest person

Jensen Huang overtakes Bernard Arnault to become world’s 6th richest – amid Nvidia boom

The company previously forecast a $5.5 billion hit to sales after the U.S. imposed restrictions on its H20 AI chips.

  • By Ty Roush
  • Forbes Staff
ChatGPT: Daniel Nadler started OpenEvidence to help physicians sort through a deluge of medical research. Now, he’s raised $210 million at a $3.5 billion valuation.

This AI founder became a billionaire by building ChatGPT for doctors

Daniel Nadler started OpenEvidence to help physicians sort through a deluge of medical research. Now, he’s raised $210 million at a $3.5 billion valuation.

  • By Amy Feldman
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