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Investing

Main Sequence targets $400 million for new fund amid deep tech boom

After two of its portfolio companies became unicorns this year, Main Sequence hopes to raise $400 million for its fourth fund by the end of 2026. Main Sequence has hit the market to raise its fourth fund, with the deep tech VC hoping to secure $400 million to finance a new generation of bets in […]

  • By Daniel Van Boom
  • Business Journalist

Quantum startup SQC appoints ex-GlobalFoundries CFO

John Hollister departed US$24 billion chipmaker GlobalFoundries last October. Now he’s joined Michelle Simmons’ Sydney startup Silicon Quantum Computing as CFO. Key Takeaways Key background Silicon Quantum Computing (SQC) has been building its executive bench as it moves to commercialise years of R&D. The startup first scored big in 2024 with the appointment of former […]

  • By Daniel Van Boom
  • Business Journalist

The 10 youngest billionaires on the 2026 Forbes 400 list

These billionaires have found a spot among the 400 richest Americans—before turning 40.

  • By Alicia Park

‘Ridiculous’ AI extinction fears are a cybersecurity investment opportunity, says Cathie Wood

Cathie Wood, one of the world’s most famous tech investors, told Australian media that an Anthropic researcher’s warning AI could lead to humanity’s extinction is “ridiculous.” But there is investment opportunity amid the fear generated, she says.

  • By Daniel Van Boom
  • Business Journalist

Asides

AI stocks plummet amid calls for slowdown—SoftBank chief’s fortune drops by $8 billion

The slump in AI stocks follows calls for a slowdown in advanced AI development from the leaders of Anthropic, OpenAI and SpaceXAI.

  • By Siladitya Ray
  • Forbes Staff

The richest new Forbes 400 member hails from OpenAI. It isn’t Sam Altman.

He once mused about how he could become a billionaire. Now he’s worth more than $25 billion.

  • By Alicia Park

Dario Amodei says AI industry ‘lied’ about technology’s risks

Amodei made the remarks on CBS Sunday Morning, one day after calling for AI companies to slow down their frontier research.

  • By Zachary Folk

OpenAI isn’t going public this year, Sam Altman says

Wall Street was poised for a massive OpenAI IPO by the end of the year—but the CEO says that’s not happening.

  • By Mary Whitfill Roeloffs

Apple unveils the iPhone Duo, its first foldable, at $3,499

Apple’s foldable iPhone Duo costs A$3,499 in Australia, alongside the iPhone 18 Pro from A$2,099. Full pricing, release dates and specs for every device.

  • By Samuel Hussey
  • Head of News & Life

Australian AI lab caps $10 million pre-seed raise to run in global AI race

Metacognition AI raised $10 million from Main Sequence in a round ten times the size of Australia’s pre-seed average.

  • By Daniel Van Boom
  • Business Journalist
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