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Innovation

How Bending Spoons built a $18.4 billion empire by buying internet has-beens like AOL

Buying busted apps made Bending Spoons’s four cofounders billionaires. Now their stakes have collectively jumped to $8.9 billion after the Milan-based startup scrap yard listed on Nasdaq at an $18.4 billion valuation.

  • By Iain Martin

AI data centres are set to electrify this $13 billion family’s 76-year-old company

The Richards family is one of America’s richest clans, thanks to its electrical manufacturing company Southwire. Here’s why the AI craze should boost that fortune.

  • By Simone Melvin
Open AI's ChatGPT

Australians spend more than six hours a week ‘botsitting’ AI at work 

Australian digital workers are spending almost a full day each week “botsitting” AI, with new research revealing a growing gap between widespread adoption and real productivity gains

  • By Johanna Leggatt

He hacked Teslas for Elon Musk. Now he’s launching a $100 million AI cyber agent

Startup Pi counts xAI as one of its first customers, as its AI agent looks to fix security vulnerabilities for the world’s premier labs.

  • By Thomas Brewster
  • Forbes Staff

Asides

This AI startup’s army of 15,000 hackers pressure test Claude, GPT-5 and Gemini

Gray Swan works with every major frontier AI lab. Now it’s raised $40 million as it expands to sell security tools to enterprises building AI agents.

  • By Rashi Shrivastava

‘AI growth is the only race worth running’: Mars Growth Officer’s 4am epiphany

Najoh Tita-Reid was tasked with supercharging growth across a $30 billion division of the Mars global conglomerate. Unbeknown to her, AI was running 25 per cent of the race – and outperforming the status quo. She quit to learn the new rules of the road.

  • By Shivaune Field
  • Business Journalist
PsiQuantum

PsiQuantum ditches Brisbane Airport plan in bid to break ground on supercomputer

The startup hoped to begin constructing facilities at the Brisbane Airport Industrial Park last year. Now it’s found a new home for its quantum computer, due by the end of next year.

  • By Daniel Van Boom
  • Business Journalist

Inside Scale AI’s business after Meta’s bombshell $14 billion deal

How Scale AI Is Adapting Post Meta Deal And Founder’s Departure

  • By Richard Nieva

Here’s everything that’s suddenly going wrong for Sam Altman’s OpenAI

OpenAI could soon take legal action against Apple after the company’s promise to integrate ChatGPT into its software hasn’t fully panned out, Bloomberg reports.

  • By Alison Durkee
  • Forbes Staff

The Gates Foundation is funding a startup’s plan to fight malnutrition with bacteria

Synthetic microbiomes to treat disease. Sea levels may rise faster than we thought. AI for scientific researchers. All that and more in this week’s edition of The Prototype.

  • By Alex Knapp
  • Forbes Staff
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