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Technology

Brisbane startup Cortisonic emerges from stealth with a chip built on sound, not electricity

AI companies have long been fighting to get their hands on GPUs. This week, a stealthy Queensland startup came out with a chip that computes using sound waves, rather than electricity, and may one day be an alternative to in-demand GPUs.

  • By Shivaune Field
  • Business Journalist

Once as high as $360 billion PayPal’s market value has slipped to $40 billion, below former parent, eBay

PayPal shares plunged after earnings, pushing its market cap below eBay’s for the first time since 2015 and signaling a major shift in digital payments.

  • By Brandon Kochkodin

From ‘Female Startup Club’ to Davos: Doone Roisin is on a mission to help women build wealth

Doone Roisin’s presence in Davos reflects a mission that began years earlier — on a bedroom floor, when she launched her podcast — and has since grown into a global platform championing women who are building wealth through business.

  • By Karin Eldor

Australia’s startup funding jumps to $5.1 billion in 2025 as AI takes the lead

More than $1 billion went toward AI-native startups. Fintech, biotech / medtech and climate tech startups were also winners in 2025, according to the Cut Through Ventures and Folklore Ventures report.

  • By Shivaune Field
  • Business Journalist

Asides

The Top 10 Richest People In The World (February 2026)

The gap between the planet’s two wealthiest people has never been larger heading into the New Year.

  • By Forbes Staff

How Phoebe Gates and Sophia Kianni raised $35m to build an AI shopping unicorn

In the three years since Phoebe Gates and Sophia Kianni first asked the question “how can we make secondhand shopping easier?”, they’ve brought on investors like Kris Jenner, Sara Blakely and Hailey Bieber.

  • By Alexandra York

This entrepreneur became a billionaire investing in India. Up next: space and AI

Filippo Ghirelli made a small fortune in Italy then bet on one of India’s largest refineries, making him a billionaire. Now he’s out to build an empire from airports to data centers.

  • By Giacomo Tognini

AI security startup Dam Secure banks US$4 million

Founded by ex-Zip Payments executives Patrick Collins and Simon Harloff, Dam Secure aims to tackle security risks caused by ‘logic gaps’.

  • By Anastasia Santoreneos
  • Journalist & List Editor

AI contract review firm Ivo raises $82m Series B

The round is led by Blackbird, which participated in the Series A raise less than a year ago. New investors include Costanoa Ventures, Uncork Capital, Fika Ventures, GD1 and Icehouse Ventures. 

  • By Shivaune Field
  • Business Journalist

Elon Musk closes in on US$800 billion net worth after XAI’s latest funding round

The world’s richest person added $62 billion to his fortune after private investors more than doubled the valuation of his AI and social media firm to $250 billion.

  • By Matt Durot
  • Forbes Staff
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