Canva’s IPO has been pushed back as it begins a radical transformation from a SaaS-based business to one built around AI credits — pitting it directly against Anthropic and OpenAI.
Finance and markets
Private valuations are now more rigorous, more structured and more closely scrutinised than they once were. Just in time for the market to put them to the test.
APRA and ASIC have urged corporate Australia to get their house in order as Anthropic’s new Mythos AI model raises new financial stability risks.
The market shrugged off the nation’s carrier’s move to decrease domestic capacity and axe routes, but it may still pay the price for the ongoing spike in fuel costs.
A $24 billion digital finance opportunity is well within reach, but Australia will need industry and government moving together to capture it.
