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.
Stocks
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.
IBM shares crashed 25% in worst day ever. Here’s why
“What played out was worse than our expectations,” CEO Arvind Krishna warned investors.
Xero gives ‘low performers’ 30-day ultimatum amid CEO pay push
Xero has amped up performance management of staff, offering underperformers the option for immediate severance, amid AI’s disruption of the SaaS market.
Telstra national mobile outage hits transport, Triple Zero services
Telstra’s mobile services are unavailable for thousands of customers across Australia. The company says it’s aware of the problem and is working to fix it. Key Takeaways Crucial Quote “The issue is impacting a number of nodes within our network that keep time across the mobile network, and when these nodes are not operating as expected, […]
‘The future’: What sparked Gina Rinehart’s billion-dollar SpaceX investment
Australia’s richest person joins forces with the world’s richest to leverage local critical mineral assets and strengthen the Australia/US relationship. They will both potentially make billions more in the process.
Investor demand for SpaceX IPO tops $250 billion, reports
The $75 billion SpaceX seeks to raise in its historic IPO would value the company at roughly $1.77 trillion.