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Asides

Meta agrees to $18 billion settlement in social media addiction trial

The federal lawsuit was brought by the attorneys general of 29 U.S. states.

  • By Zachary Folk

Anthropic overtakes SpaceX in betting odds for 2026’s biggest IPO

Anthropic is expected to make an initial public offering as soon as October, with reports indicating its valuation could range between $1 trillion and $2 trillion.

  • By Antonio Pequeño IV

Jacinda Ardern on impostor syndrome and the illusion of guilt

The Rt. Hon. Dame Jacinda Ardern spoke at Women Unlimited about having the courage to lead differently, navigating public life, and why self-doubt can be turned in to a strategic advantage.

  • By Shivaune Field
  • Business Journalist
Blackbird general partner Samantha Wong. Image: Supplied

Blackbird closes record $1 billion fund, but turns ‘cautious’ on AI

Blackbird has raised $1.05b from prestigious global institutions like Morgan Stanley and Schroders to establish the biggest Australian VC fund yet.

  • By Daniel Van Boom
  • Business Journalist

Canva bet millions on data centre play Sharon AI before becoming its ‘major customer’

Filings lodged with the SEC show Canva invested in Sharon AI during its December 2025 pre-IPO raise alongside the likes of Regal Funds Management and Ellerston Capital.

  • By Daniel Van Boom
  • Business Journalist

Xero board bumps CEO’s pay to $25.8 million – but mandates skin in the game

Xero is bumping CEO Sukhinder Singh Cassidy’s remuneration to US$18.5 million ($25.8 million), a jump of 22 per cent, arguing this places her in the median of US tech CEOs.

  • By Daniel Van Boom
  • Business Journalist

How Josh Kushner’s fortune tripled this year

The Kushner scion’s VC firm Thrive Capital nearly tripled its assets thanks to smart bets on OpenAI and SpaceX. Now he’s looking to spend some cash on the NBA’s Lakers.

  • By Giacomo Tognini

Canva founder says AI costs down 90% after skyrocketing bills delayed product rollout

Canva had to delay its Canva AI 2.0 rollout after the booming costs of compute made the products uneconomical. The company has cut its AI costs and is ready to scale back up, founder Cliff Obrecht says.

  • By Daniel Van Boom
  • Business Journalist

‘We risk importing intelligence itself’: Labor moves to open Big Tech’s data centres to Australian startups

Labor tech lieutenant Andrew Charlton will on Tuesday warn data centres alone will not enable Australia to capture enough economic value from AI.

  • By Daniel Van Boom
  • Business Journalist

Beyond the burn: How a trans-Pacific leap built Glasshouse Fragrances

Nicole Eckels turned a personal setback into an impromptu move to Australia and then a home fragrance and candle empire spanning eleven countries.

  • By Shivaune Field
  • Business Journalist
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