Finance and markets

Phil King’s Regal Partners and Pinnacle Investment Management have cut their positions in Qoria since the reverse merger was announced, with the stock also caught up in the SaaSpocalypse.

The UK billionaire has accused the HypeDC owner of potentially misleading its own shareholders as part of an unorthodox ploy for the company.

With some AI investors keeping powder dry for the impending megafloats of the frontier labs, fund managers and strategists warn against chasing headlines.

Critics, including a prominent short-seller, say IREN’s Sydney based co-CEOs will be paid more than Nvidia’s Jensen Huang — who leads a company more than 300 times bigger.

Elite investors including Softbank and Situational Awareness are dropping billions on the likes of Australia’s IREN, Firmus and Sharon AI. But can it last?

A shock pricing decision triggered a steep share price fall, sparked warnings of cost cuts and led to a prediction the company could abandon its UK expansion.

Ed Husic is taking a swing at Apple’s alleged anti-competitive conduct in payments, but what regulators should do next is hotly contested.

A rock star at the Midwinter Ball and a flat end of financial year on the ASX offered two unlikely reminders of Australia’s uncomfortable place in the AI boom.