Crowdstrike skyrockets 14% as AI fears send cybersecurity stocks surging
Leaders in artificial intelligence have called for a slowdown to AI development amid fears the technology could lead to human extinction.
Stocks
He’s quietly invested in Australia’s biggest space tech startups. Now he’s moving to launch a $150m fund
Will Scully-Power has for the past two been investing in Australian space startups. Now he’s looking to launch a VC fund.
Xero investors protest CEO’s new $25.5m pay pack
Over 70 per cent of eligible shareholders voted against the Xero board’s decision to award Sukhinder Singh Cassidy a target pay package of $25.5 million amid the company’s stock struggles. Key Takeaways Key Background Earlier this week Xero’s board rewarded chief executive Sukhinder Singh Cassidy with a 22 per cent pay rise, lifting her target […]
Trump made big stock trades in SpaceX, Palantir and tech companies in June
The president made over 1,000 stock transactions, according to the most recent disclosure form released on Saturday.
How Josh Kushner’s fortune tripled this year
The Kushner scion’s VC firm Thrive Capital nearly tripled its assets thanks to smart bets on OpenAI and SpaceX. Now he’s looking to spend some cash on the NBA’s Lakers.
SafetyCulture has a new name – and an insurance bet to match
Luke Anear has wanted to change the name of the company he founded for years. Now SafetyCulture has become Mittle as the $2.4 billion startup reshapes itself for the AI era.
Nvidia stock loses $130 billion in market value as firm reportedly enters $500 billion AI financing deal
The chip designer’s stock briefly fell more than 3% following a report it was partnering with Wall Street giants like BlackRock on the deal.
‘Nary a blip’: Mike Cannon-Brookes says Atlassian is taming AI costs
As Canva struggles with rising AI bills, Atlassian told investors that Rovo AI usage will impact margins for FY27. But CEO Mike Cannon-Brookes maintains AI is the “best thing” to happen to Atlassian.
Atlassian warns more AI use will not magically lift productivity
Fortune 500 companies are embracing AI, but few can measure a tangible return. Atlassian’s chief people and AI enablement officer says widespread adoption means little unless businesses redesign the processes around it. The executive in charge of Atlassian’s internal AI tooling says the world’s biggest companies are struggling to see productivity gains from AI, and […]
Xero executive quietly departs amid SaaSpocalypse slump
Xero’s chief people officer, charged with driving the company’s “performance-driven culture”, departed the ASX accounting giant earlier this month.