Investing

The surge in shares was fueled by the iPhone 17 outselling the iPhone 16 in China and the U.S., according to a report from Counterpoint Research.

The luxury bellwether reported sales growth for the first time this year.

Despite a continued drought of mega-deals, Australia’s venture funding climbed back to the billion-dollar mark in Q3, driven by a surge in accelerator activity and heightened investor appetite for deep-tech and AI-focused companies.

The founders of Leonardo.AI and Active Hotels chipped in on the raise, which will help to launch up to 4 new ventures a year.

Artificial intelligence products are launching at a rapid pace as the sector’s largest companies battle for supremacy and secure increasingly large valuations worth hundreds of billions of dollars.

Australia ranks below Botswana for economic complexity, writes Greg Miller. Our only hope for remaining internationally competitive is to grow the things we invent to a size that matters on the world stage.

OpenAI has agreed to purchase and deploy 6 gigawatt worth of AMD’s AI chips.

Almost 15 years ago, 20 Australian founders reached into their pockets and created a $200k community fund. Over the last year, Startmate portfolio companies have added a billion dollars in value, and secured another international celebrity investor.

Musk is now half-way to becoming the first ever trillionaire.

Daniel Ek, the billionaire founder of the $150 music streamer, is exiting Spotify’s top role as he is increasingly backing moonshot tech companies