Business

Chris Kirchner was arrested in 2023 following a Forbes investigation that revealed he overstated company financials and spent lavishly on personal expenses.

The automaker added about $257 billion to its market cap over an 11-session rally.

A Forbes analysis found the country, with a 276% inflation rate, has the highest crypto adoption rate in the Western Hemisphere, but little use of the most trustworthy exchanges.

Amazon claims that all electricity it consumed in 2023 was “matched” with 100% renewable energy. Experts criticise the report’s vagueness.

Microsoft has invested $13 billion in OpenAI, but said in a letter it felt confident over the ChatGPT maker’s future and no longer believed an observer seat on the startup’s board was necessary.

Quarterly funding has hit a six-quarter high thanks to a surge in mega-deals, but AI is not attracting as many investors at the hype would have you believe, Cut Through Ventures’ latest report shows.

Boeing will pay a fine of $243.6 million and plead guilty to conspiring to defraud the U.S. government as part of a plea deal.

The mass exodus inside some of Australia’s largest media publishers has continued with Pedestrian Group, owned by Nine Entertainment, announcing a complete restructure, that will spell redundancies and the end of local publications for several international brands.

The AI boom undoubtedly resembles the dot-com bubble but with a difference. Back then, most startups carried the risks, while now, giant AI pioneers are unlikely to go broke. Rather, investors will suffer.

Data61 – the data and digital arm of Australia’s national science agency CSIRO – had four scientists nominated for APAC Women in AI awards. These two took home top prizes.