Technology

The telco that made $2 billion in profit last year is hiking mobile plan prices 4%. Meanwhile, the Telstra workforce is bracing for 2,800 layoffs this week.

An Australian firm is revolutionising carbon capture in the cement, steel, power generation, and chemical production industries. KC8 received $10m in funding from Woodside Energy and Mexico’s Cemex Ventures.

The automaker added about $257 billion to its market cap over an 11-session rally.

Microsoft has invested $13 billion in OpenAI, but said in a letter it felt confident over the ChatGPT maker’s future and no longer believed an observer seat on the startup’s board was necessary.

Quarterly funding has hit a six-quarter high thanks to a surge in mega-deals, but AI is not attracting as many investors at the hype would have you believe, Cut Through Ventures’ latest report shows.

The AI boom undoubtedly resembles the dot-com bubble but with a difference. Back then, most startups carried the risks, while now, giant AI pioneers are unlikely to go broke. Rather, investors will suffer.

Data61 – the data and digital arm of Australia’s national science agency CSIRO – had four scientists nominated for APAC Women in AI awards. These two took home top prizes.

Temu has spent the most time in the number one spot across iPhone and Android app stores in 2024 as of June 15, according to market intelligence firm Sensor Tower.

The South Korean tech giant said it expects to rake in second quarter profits more than 15 times the size than it did the same time last year.

Blackbird and Atlassian Ventures led the $11.5 million seed funding round for Redactive AI – a Melbourne-based developer platform co-founded by former Atlassian product managers.