OpenAI raises $110 billion in latest round, valuing firm at US$730 billion
OpenAI announced a massive $110 billion investment round—vaulting the company at a $730 billion—thanks to funding from Amazon, NVIDIA and SoftBank, it announced Friday.
Technology
Aussie cybersecurity firm UpGuard ascends with $105 million raise
Exclusive: NY-based Springcoast Partners led the round, joined by Australia’s Square Peg, which has partnered with the firm since inception, and US firms August Capital and Pelion Venture Partners.
Warner Bros. Discovery says Paramount’s new bid might top Netflix’s
Netflix allowed the legacy media company to reopen talks with Paramount.
Appetite for data: This husband-and-wife duo just raised $7m to decode the Aussie shopping cart
Exclusive: What started as a recipe planning app became a behavioural insights company that has tripled revenue in 6 months. Here’s how the founders identified and capitalised on the FMCG opportunity.
‘Delete that, or you will be held in contempt’: Judge blasts Zuckerberg’s team over Meta glasses
Zuckerberg is testifying in a lawsuit accusing Meta of operating platforms that are addictive and harmful to children.
Software stocks—Oracle, Intuit, more—fall as Anthropic’s latest Claude model fuels AI concerns
The Google- and Amazon-backed AI startup fueled a global selloff in software stocks earlier this month.
Autonomous defence startup Breaker orchestrates a $9m seed raise
What sets Breaker apart, Irwin says, is shifting from a ‘one to one’ dynamic in autonomous systems, to ‘one to many.’
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.
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.
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.