Airtree backs Aussie AI startup after its robotics model beat Alibaba, Mistral
Airtree has pumped $5 million into Adelaide’s Metacognition, bringing the AI startup’s pre-seed round to a huge $15 million.
Workplace
What is p(doom)? How tech leaders evaluate existential AI risk
As frontier AI accelerates, tech leaders are split on p(doom) – the Bayesian probability metric tracking catastrophic AGI risk.
NAB to cut 2,500 roles in restructure amid economic turbulence
National Australia Bank will eliminate up to 2,500 roles by the end of the 2027 financial year, represent 6 per cent of the bank’s total workforce. National Australia Bank will cut up to 2,500 roles in an internal restructure it says will help it cope with a tough economy and rapid technological change. NAB expects […]
Ranked: Australia’s best employers in 2026
Where are the best places to work in Australia? Forbes and Statista surveyed more than 300,000 workers to find out.
NZ’s richest woman targets Seek with AI recruitment startup
After nearly two decades building toy giant Zuru, Anna Mowbray is betting AI can disrupt recruitment. Her startup Zeil is now targeting Australia as the first step in a global expansion. Zuru cofounder and New Zealand rich lister Anna Mowbray is bringing her AI-powered recruitment platform to Australia, where she hopes will rival recruitment giants […]
Amber electrified with $78.5m Series E
The Melbourne-headquartered battery automation company was boosted by 1GT, Morgan Stanley’s climate tech fund, alongside Innovation Victoria, E.ON., and the UK’s ETF Partners.
Canva valuation marked down by US titans T. Rowe Price and Franklin Templeton
T. Rowe Price and Franklin Templeton, which each manage trillions in assets, bought into Canva at a US$40 billion valuation in 2021. Canva is preparing a foundation model it hopes will help reverse the trend.
Canva takes the fight to Microsoft and Google for enterprise subscribers
As it reshapes its core creativity products around AI, Canva is also hoping more prosaic productivity features can drive subscriptions.
Xero board bumps CEO’s pay to $25.8 million – but mandates skin in the game
Xero is bumping CEO Sukhinder Singh Cassidy’s remuneration to US$18.5 million ($25.8 million), a jump of 22 per cent, arguing this places her in the median of US tech CEOs.
Canva founder says AI costs down 90% after skyrocketing bills delayed product rollout
Canva had to delay its Canva AI 2.0 rollout after the booming costs of compute made the products uneconomical. The company has cut its AI costs and is ready to scale back up, founder Cliff Obrecht says.