Investing

Australian medical technology company Harrison.ai has launched a radiology-specific generative AI model – and it’s already scoring higher than OpenAI and Gemini.

The Bolt founder claimed a group of investors had signed off on the company’s chaotic $450 million raise, but some said they hadn’t. Now, BlackRock and other investors have moved to stall the round.

Adani Energy Solutions will invest $476 million to build a 298-kilometer transmission line in the western Indian state of Gujarat.

Interest in artificial intelligence continues to surge, as Google searches over the past 12 months are at 92% of their all-time peak, but recent research suggests AI’s success could be its downfall.

Apple and Nvidia are reportedly in discussions to join a major funding round for OpenAI. The new round of investment could push the ChatGPT-maker’s valuation above US$100 billion.

Two decades ago, the Oracle of Omaha made one very costly decision.

Nvidia shares are up more than 150% on the year amid a demand surge for its AI-powering chips.

Australia’s national carrier Qantas has seen its statutory profits after tax take a near-30% hit, which the airline says is due to moderating fare prices.

While 74% of companies are seeing positive returns, Vice President of Global Generative AI Go-To-Market for Google Cloud Oliver Parker says C-level buy-in boosts them.

Six Australian companies have earned spots on the 2024 Forbes Asia 100 to Watch list. The annual list, now in its fourth year, highlights emerging businesses across the region, with this year’s entries collectively raising over $2 billion in funding.