Business

The all-stock deal with OpenAI values Ive’s AI hardware startup io at $6.5 billion—and is set to be a major windfall for the man who designed the iPhone.

Israeli officials termed the shooting as an act of “anti-Semitic terrorism” after suspect Elias Rodriguez was captured chanting “free, free Palestine.”

OpenAI’s Sam Altman called Ive, who designed several Apple products, the “greatest designer in the world.”

From spying a growing category on Google Search to becoming a household name across Australia and New Zealand (not to mention expanding in Hong Kong and the US), the husband-and-wife duo behind Miss Amara, Alexandra and Aaron Weller, know a thing or two about category disruption. It’s 2014 and Aaron Weller is working in the […]

Abel Avellan is taking on SpaceX and Jeff Bezos’ Project Kuiper in the battle to provide broadband satellite internet directly to your smartphone.

The latest fundraising round values the company at AUD$9.6 billion, and is the first time Blackbird is included in the cap table. It has now raised more than a billion dollars in VC capital, and is on track to hit a billion in annual revenue this year. Melbourne-founded decacorn Airwallex has closed its Series F […]

Mortgages and some cost-of-living expenses are set to ease slightly, after a long-awaited interest rate cut. “At its meeting today, the Board decided to lower the cash rate target by 25 basis points to 3.85 per cent,” an RBA statement reads. The RBA decision today was based on moderating Inflation and an uncertain economic outlook. “The Board judged […]

Adams joins Canva co-founders Melanie Perkins and Cliff Obrecht in giving the majority of his fortune to charity as part of his promise. Key Takeaways Key background The Giving Pledge, signed by Canva co-founder Adams, is a promise by the world’s wealthiest philanthropists to give the majority of their wealth to charitable causes in their […]

Launched in 2017, the restaurant technology platform backed by celebrity chef Marco Pierre White has completed a hefty Series A raise as it eyes a UK expansion. Key Takeaways Big number $18.2 million – that’s how much cash EatClub raised in its Series A. The round was led by Co:Act Capital, a Melbourne-based venture capital […]

A spokesperson for former President Joe Biden said he has an “aggressive form” of the illness.