Investing

AI-native startups are growing their annual revenue 240 per cent faster than non-AI peers. But there is evidence AI is concentrating success rather than spreading it.

Less than a month after it was announced that Medicare was hacked by OpenAI agents, more government platforms have been identified as vulnerable. This time, due to security flaws in PHP websites. Australian experts weigh in on the risks.

Shares of Moderna plunged 25% on Thursday following a potential leak of Phase 3 clinical trial data for its experimental cancer vaccine, setting off a sharp selloff that comes after Citigroup downgraded Moderna and said its initial positive vaccine results gave it an “unjustifiable” valuation.

Canva has debuted its first foundation model, called Craft, which competes with image generation tools from OpenAI, Google and others. Canva on Friday released Craft, a foundation model that outperforms competition from Google, Elon Musks’s xAI and Microsoft while allowing the design giant to more cheaply offer its own AI wares. Canva began building Craft […]

Elon Musk has invested about $1 billion in fellow billionaire David Ellison’s entertainment conglomerate Skydance, pledging the cash as the company faces a massive debt load following its acquisition of Warner Bros. Discovery.

The earnings report follows a strong month for Meta’s stock, which recently recorded its highest point of the year after several months of turbulence.

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.

Nvidia and Oracle stock fell on Thursday afternoon after a report that OpenAI’s annualized revenue as of September was around $20 billion lower than prior estimates.

The Australian VC finalised two funds, one for early-stage investments and another for bigger bets, totalling over $1 billion.

Figure’s robots are still in pilots. Its valuation hit $39B. Brett Adcock’s partners keep correcting his claims