Technology

After selling Candy Crush developer for $5.9 billion, one cofounder Sebastian Knutsson has a new gaming startup.

Apple can generate a whopping $485 billion in iPhone revenues over the next two years as users upgrade to AI-enabled devices, according to Morgan Stanley analyst projections.

Melbourne-headquartered JigSpace is on a roll. It is being compared to Canva and completed its latest fundraising round in the same week Apple CEO Tim Cook called the company ‘incredible.’

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.