Technology and startups
Only two local VCs invested in the gen AI startup: Blackbird and Side Stage Ventures. For the latter, only 18 months old, it's a strong early run on the board.
The Nobel Prize-winning economist had a front-row seat to 1990s competition policy in the US, which he argues led to the dominance of a handful of tech giants.
By acquiring Leonardo.Ai, Canva will sharply level up its artificial intelligence game. But building powerful AI carries risks as well as rewards.
The graphic design unicorn is facing disruption from smaller, AI-driven rivals – which may have prompted its acquisition of Leonardo.Ai.
The predicted cost benefits from artificial learning are overstated, according to Macquarie analysts, while regulators are also adding notes of caution to the most ambitious plans.
The acquisition of Leonardo.Ai gives the Australian design software company its own foundational model, a roster of AI talent and a bulwark against its competitors.
Founded in December 2022, Leonardo.Ai has over 19 million users and its very own foundation AI model.
Filings show that the company has appointed a lobbyist in Australia amid increased scrutiny of AI by the ACCC and the Attorney-General’s office.
A focus has emerged in the trademark appeal between Robyn Denholm’s Wollemi Capital Group and Tim Bishop’s climate tech VC Wollemi Capital.
Four big banks, four models of corporate venture capital. CBA's is the most tightly controlled — but in return, it promises a more efficient pathway to scale.
Australian AI pioneer Jeremy Howard is dubious of the legal tech industry. Rather than develop more AI technology to licence to law firms, he's set up a new law firm to build AI in from the ground up.
The Commonwealth and Queensland government's invested $940 million in PsiQuantum in May. Now, the startup has struck a deal to build a quantum computer in Chicago.
Up is on track to hit 1 million customers in October, just in time for its sixth birthday.
The Melbourne startup is in talks with VCs as its first Vision Pro release debuts on the App Store.
The founder, one of Australia's most successful, sold A Cloud Guru for $2 billion. He's bringing the lessons he learned to Cuttable, an automated ad agency.
Treasury is expected to release a draft of its Digital Asset Platforms legislation by the end of the year, and the local industry is getting ready.
Mark Zuckerberg taking the fight to OpenAI and Google by pouring billions into Meta's open-source AI models shows his recent transformation is about more than improving his fashion sense.
The corporate regulator is growing increasingly concerned over the ‘de-equisitation’ of the ASX and it's considering cutting compliance in a bid to arrest the trend.
