AMD shares surge 30% after multibillion-dollar deal with OpenAI
OpenAI has agreed to purchase and deploy 6 gigawatt worth of AMD’s AI chips.
Technology
From centre court to Silicon Valley: The big names betting on Startmate startups
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.
Elon Musk just became the first person ever worth $500 billion
Musk is now half-way to becoming the first ever trillionaire.
The humble origins of TikTok’s almighty algorithm
An exclusive excerpt from Every Screen On The Planet reveals how the social media app’s powerful recommendation engine was shaped by a bunch of ordinary, twentysomething curators—including a guy named Jorge.
The web of billionaire pals taking control of TikTok in the US
The exact lineup of investors is still under wraps but the network of players is in some cases nearly half a century in the making.
Crypto boom creates 69,000 new millionaires in the past 12 months
The number of ultra-wealthy crypto individuals is rising sharply, thanks in large part to the surge in Bitcoin, a new report from Henley & Partners has revealed.
Tesla’s full-self driving software is a mess. Should it be legal?
Elon Musk hypes the AI-enabled system, and getting more people to buy it is key to his new pay package. But in a recent test, it ignored some street signs and squashed a mannequin child.
Alloy Robotics emerges from stealth with $4.5m pre-seed from Blackbird, Airtree and Skip Capital
Robotics is projected to be worth $165 billion by 2029. Alloy Robotics founder and CEO Joe Harris has found a way to dig through the firehose of data that robots produce to find the 1% that matters.
WiFi start-up Morse Micro banks $88 million Series C
The capital will fuel Morse Micro’s international expansion, scale production and support its transition to IoT 2.0.
‘If we don’t build our own stack, we become someone else’s customer’: Australia’s AI warning
India, France, the UK and the UAE are already building sovereign AI. An Aussie LLM needs 30 billion parameters, and can protect against offshore policy shifts, price shocks, and opaque black-box systems.