‘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.
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.
Q3 was the biggest fundraising quarter on record for the Australian startup sector. However, 69 per cent of funds went to Firmus.
Goodman Group leads the local contingent of eight Australian companies on Forbes’ 2026 ranking of the World’s Top Companies For Women.
The Australian VC finalised two funds, one for early-stage investments and another for bigger bets, totalling over $1 billion.
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.
Figure’s robots are still in pilots. Its valuation hit $39B. Brett Adcock’s partners keep correcting his claims
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.
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.
The former tech wunderkind has poured billions into his quest to make technologically superior AR glasses and best nemesis Zuckerberg’s Meta.
Musk first hit trillionaire status briefly in June.