Business

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.

Temu has spent the most time in the number one spot across iPhone and Android app stores in 2024 as of June 15, according to market intelligence firm Sensor Tower.

Embattled retailer Neiman Marcus has been saved by the parent company of luxury rival Saks Fifth Avenue, with a surprise investment from Amazon.

The 20-year-old online book retailer, which went public on the ASX in 2020, is on the brink of collapse.