Investing

Just 15 months after it founding, Applied Compute is raising $350 million at a $3.25 billion valuation, nearly double its worth from four months ago.

Twenty three year-old Spencer Mateega pivoted his YC startup into the fastest unicorn in the accelerator’s history, fueling AI’s shift toward human reasoning data.

There’s a new member of the $300 billion club and a second sibling from America’s richest family among the planet’s ten wealthiest people.

Two proposed amendments to superannuation will be a boon for the startup sector, predicts King River Capital.

Yinson Holdings is among the world’s biggest operators of floating, production, storage and offloading, or FPSO vessels, which are on long-term leases to oil and gas companies in Angola, Brazil, Ghana, Nigeria, and Vietnam.

Shares of the world’s most valuable company approached an all-time high.

The war in Iran has caused conspicuous belt tightening among corporates, hitting Qantas’ bottom line. Yet premium travel is flourishing – a key metric as the airline prepares for Project Sunrise, its ultra-long-range flights to London and beyond.

A hot new AI agent called Instinct was valued at $500 million earlier in August, sources say. Now it’s raising a new round at a $2.5 billion valuation from Benchmark and Index.

Anthropic is expected to make an initial public offering as soon as October, with reports indicating its valuation could range between $1 trillion and $2 trillion.

Blackbird has raised $1.05b from prestigious global institutions like Morgan Stanley and Schroders to establish the biggest Australian VC fund yet.