Figma’s IPO filing offers a key test case for Canva’s public market ambitions — and billions in Australian venture capital returns are hanging in the balance.
Technology and startups
OpenAI is stepping up its lobbying in Australia, urging rapid AI rollout as ministers weigh the potential economic upside against local risks.
The defence tech startup’s Australian entity posted a $10 million profit — though that was made possible by $56 million in sales to its US-based parent company.
The Albanese's flagship reconstruction fund has been rebuked for lacking a formal financial strategy and for other lapses, though its governance is "largely sound".
ANZ’s tech chief is leaving just as banks around the world rethink who should lead AI, with JPMorgan CEO Jamie Dimon saying the function is simply too important to sit under tech.
Bloomberg’s top editor has directed staff to embrace third-party AI platforms such as ChatGPT, taking a more liberal approach than other major newsrooms.
It’s a startup ecosystem cliché that Australia punches above its weight in tech, but new research lends weight to the claim.
The $1,000-per-month men’s longevity startup has been overhauled as the company learns from its mistakes.
Eastend Ventures is targeting underserved regions outside Sydney and Melbourne after raising $13 million toward a $50 million fund focused on South Australia, Western Australia and Queensland.
Constantinople has established a strategic partnership with 10x as it looks to quadruple its client base over the next year providing a virtual banking package.
International capital, big exits and a surprise unicorn. Kiwi tech is having a moment this week, showing the strength of the sector across the ditch.
CEO Will Knox has taken the unusual step of scaling back the startup’s IPO by $10 million to dodge ‘fast money’ investors that lack understanding of the business.
Xero’s $4 billion Melio deal is its boldest US play yet — and a high-stakes test of CEO Sukhinder Singh Cassidy’s strategy, salary and investor faith.
