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‘Confidence evaporated’: Explaining Firmus’ $44 billion IPO flop

The “AI factory” developer, founded by Oliver Curtis and Tim Rosenfield, attempted to hit the ASX later this month with a market value of over $40 billion. Investors balked.

  • By Daniel Van Boom
  • Business Journalist

Firmus absorbed 70% Australian startup funding before attempted IPO

Q3 was the biggest fundraising quarter on record for the Australian startup sector. However, 69 per cent of funds went to Firmus.

  • By Daniel Van Boom
  • Business Journalist

Australia’s top companies for women in 2026

Goodman Group leads the local contingent of eight Australian companies on Forbes’ 2026 ranking of the World’s Top Companies For Women.

  • By Josh Lai
  • Forbes Australia Staff
Square Peg's Ben Hensman, Leila Lee, Dan Krasnostein and Paul Bassat. Credit: Square Peg.

Square Peg raises over $1 billion for new funds amid AI bonanza

The Australian VC finalised two funds, one for early-stage investments and another for bigger bets, totalling over $1 billion.

  • By Daniel Van Boom
  • Business Journalist

Diraq scores $73 million in US defence race against quantum heavyweights

Diraq has progressed to the third and final stage of a quantum computing program run by the US Department of Defense. It comes with US$51 million in funding – with a possibility of another US$249 million.

  • By Daniel Van Boom
  • Business Journalist

Figure’s Brett Adcock sold investors a humanoid future. Now he has to build it.

Figure’s robots are still in pilots. Its valuation hit $39B. Brett Adcock’s partners keep correcting his claims

  • By Anna Tong

This former OpenAI exec is trying to cure chronic diseases, including her own

Sufferers of complex, chronic diseases like POTS and long COVID often spend years searching for relief. The longtime tech exec started ChronicleBio to find treatments using AI and lots of biological data.

  • By Amy Feldman

Anthropic will let Australia stress test dangerous new models

The AI giant told a parliamentary enquiry that it is finalising an arrangement for Australian safety researchers to evaluate its latest and greatest (and most threatening) models.

  • By Daniel Van Boom
  • Business Journalist

Evan Spiegel’s ill-fated $3 billion plan to put Snapchat on your face

The former tech wunderkind has poured billions into his quest to make technologically superior AR glasses and best nemesis Zuckerberg’s Meta.

  • By Richard Nieva

Elon Musk becomes a trillionaire again after SpaceX stock soars

Musk first hit trillionaire status briefly in June.

  • By Alison Durkee
  • Forbes Staff
Newer Posts 1 2 3 … 223 224 Older Posts
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