Firmus pulls its gigantic IPO: Here’s what you need to know
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.
Entrepreneurs
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.
Elon Musk becomes a trillionaire again after SpaceX stock soars
Musk first hit trillionaire status briefly in June.
Australia’s youngest billionaire Ed Craven places his next big venture bet
Maincode, the AI lab building Australia’s first sovereign LLM, is spinning up a venture capital arm its hopes will turn leaders in finance, healthcare and entertainment into disruptors.
White House releases ‘Accord’ between billionaire AI execs: Here’s what it says
The agreement between tech billionaires is “morally binding,” Trump said.
$790 million medtech Harrison.ai reveals revenue surge after restructure culling 15% of staff
Harrison.ai founders Aengus and Dimitry Tran say their $789 million startup is reorganising to prepare for a commercialisation drive at home and abroad – but that R&D remains in Australia. Harrison.ai cut 15 per cent of its workforce earlier this year in a restructure founders Aengus and Dimitry Tran say will allow it to put […]
Billionaire Taylor Swift announces surprise new single ‘Patient Zero’
New song “Patient Zero” will be released on Friday, billionaire pop star Taylor Swift said in a surprise announcement Tuesday afternoon.
Heidi hits $1.2 billion valuation with $480 million in fresh funding
The startup, which Blackbird said is its fastest growing investment ever, has hit $50 million in annualised revenue and is now moving to agentic healthcare. Key Takeaways AI healthcare startup Heidi has become Australia’s fourth unicorn of 2026, raising capital at a $1.26 billion valuation as it looks to hit break-even territory on its breakneck […]
Anthropic pledges ‘heavy’ investment in Australia but asks for copyright compromise
As it heads towards a US$2 trillion IPO, AI titan Anthropic told Parliament it has accepted a broad copyright exemption is not on the table – but calls for a more narrow concession. AI giant Anthropic told a Parliamentary Committee that it will invest in large data centre projects in Australia, but called for the […]
NRF backs space startup HEO after US$100 million-plus contract
HEO develops cameras that inspect and monitor satellites in space, and has raised a $37 million Series B from the NRF, Beaten Zone Ventures and Airtree.