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Investing

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Melbourne AI startup set for global expansion after $12.5 million raise

AI startup Marqo completed the Series A round just six months after raising an $8.1 million seed round. The funds will go toward establishing a larger footprint in San Francisco where Marqo will now be headquartered.

  • By Shivaune Field
  • Business Journalist

Musk says SpaceX has moved legal base to Texas after judge blocks $56 billion payday

The billionaire also indicated he plans to move Tesla’s state of incorporation from Delaware to Texas.

  • By Siladitya Ray
  • Forbes Staff

ChatGPT can now ‘remember’ users—including their voice, preferences

The feature will be accessible for some free and paid users before becoming more widely available.

  • By Ty Roush
  • Forbes Staff

This Estonian-born billionaire wants Aussie banks to come clean on hidden FOREX fees

Kristo Käärmann launched Wise (formerly TransferWise) back in 2011 with the aim of helping users move cash around the world – without the marked-up fees charged by banks. Since then, the company has gone on to process more than $48 billion in cross-border payments and save customers more than $2.9 billion

  • By Anastasia Santoreneos
  • Forbes Staff

Tripadvisor is preparing to be acquired and taken private

Liberty TripAdvisor Holdings, part of the Liberty Media empire, already has a controlling stake in Tripadvisor and appears to be buying the company outright.

  • By Suzanne Rowan Kelleher
  • Forbes Staff

This billionaire is bringing his $17bn HR firm to Australia – after SVB’s collapse threatened to upend them

Parker Conrad is bringing Rippling, his US$11.25 billion work management platform to Australia, nearly a year after Silicon Valley Bank’s collapse forced the business to liquidate $130 million to process its customers’ payrolls.

  • By Anastasia Santoreneos
  • Forbes Staff

Nvidia is now more valuable than Amazon and Google

Shares of artificial intelligence leader Nvidia are up more than 400% since the beginning of last year, adding about $1.5 trillion to its market capitalization.

  • By Derek Saul
  • Forbes Staff

Why Disney’s $1.5 billion stake in Epic Games is a smart play

The media giant’s hot drop into the realm of Fortnite could be a game-changer for the metaverse, movies and theme parks. It’s an IP world, after all.

  • By Matt Craig

Jeff Bezos just parted with $2 billion worth of Amazon shares

The world’s third-richest person sold some of his Amazon stock for the first time in more than two years.

  • By Phoebe Liu

World’s richest woman loses $7 billion on L’Oreal’s worst day since 2008

L’Oreal heiress Francoise Bettencourt Meyers’ net worth fell as L’Oreal stock tanked 8%, its worst single-day slide since the peak of the Great Recession.

  • By Derek Saul
  • Forbes Staff
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