OpenAI will be a foundational customer of two AI Factory data centres Australian company Firmus is developing. Key Takeaways Key Background Founded by Oliver Curtis and Tim Rosenfield, Firmus has rocketed almost out of nowhere to become Australia’s third largest data centre company by valuation. It has raised US$2.5 billion ($3.5 billion) so far this […]
Will Scully-Power has for the past two been investing in Australian space startups. Now he’s looking to launch a VC fund.
As it reshapes its core creativity products around AI, Canva is also hoping more prosaic productivity features can drive subscriptions.
Two proposed amendments to superannuation will be a boon for the startup sector, predicts King River Capital.
The Sydney startup will setup a basic quantum computer in an Equinix data centre by October, it said on Tuesday, as it moves to commercialise a technology that’s been in R&D phase for decades. Key Takeaways Key Background Proponents of quantum computing say it could be a US$200 billion industry that will enable fundamental breakthroughs […]
As the global tween skincare market charges toward $8.1 billion, entrepreneur Judd joins startup alcheMe to protect Gen Alpha’s skin barrier.
Over 70 per cent of eligible shareholders voted against the Xero board’s decision to award Sukhinder Singh Cassidy a target pay package of $25.5 million amid the company’s stock struggles. Key Takeaways Key Background Earlier this week Xero’s board rewarded chief executive Sukhinder Singh Cassidy with a 22 per cent pay rise, lifting her target […]
As business leaders navigate the early stages of AI integration, some argue that delegating to machines could elevate our economic worth.
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.
Opinion: Millennials grew up during the startup boom. Now, MYOB CEO Paul Robson argues, many are taking a more measured path to business ownership, favouring dependable service businesses with recurring revenue. For much of the past two decades, entrepreneurship has been synonymous with disruption. For many, success was measured in funding rounds, rapid scaling and […]