Today
JB Hi-Fi rallies; CFMEU jail warning; A luxury home agent speaks
Read everything that’s happened in the news so far today.
Cisco plans thousands of jobs cuts in cyber, AI shift
Cisco will reportedly eliminate 4000 jobs in a second round of layoffs this year, as it moves its focus to areas such as cybersecurity and artificial intelligence.
- Ian King
Microsoft’s Telstra deal backs Vicki Brady’s $1.6b infrastructure bet
The technology giant will become the first client of a big intercity fibre network being rolled out after the telco decided not to sell its InfraCo division.
- Paul Smith
This Month
- Opinion
- Chanticleer
Macquarie’s Viktor Shvets’ lesson from ‘mini heart attack’ on markets
Was the market rout – and rebound – a sign of how fragile markets are, or proof they are actually less risky? Viktor Shvets’ answer might surprise you.
- Updated
- James Thomson
Apple plans its smallest computer ever
As part of an overhaul of the Mac line with AI-focused M4 chips, the Mac Mini will get its first big redesign since it was revamped under Steve Jobs in 2010.
- Mark Gurman
Olympics’ online trolls get taken down by AI
Athletes have previously had to turn off their phones to avoid online abuse – this year artificial intelligence is helping to keep trolls at bay.
- Paul Smith
- Opinion
- Monetary policy
The Fed will not let markets dictate a rate cut
The US central bank reacts to the sharemarket only when volatility threatens financial stability. For the moment, there is no evidence that this is the case.
- Barry Eichengreen
- Opinion
- Chanticleer
Battered investors get a breather, but where to next?
After a torrid night on Wall Street, it’s calmer on the ASX and positively giddy in Tokyo, giving investors a chance to consider their next move.
- James Thomson
- Exclusive
- Venture capital
Blackbird, Tiger Global-backed start-up shares valued at zero
Retail AI start-up Hivery has had to cut costs, staff and had two co-founders depart. Its biggest local investor has now written a stake down to $0.
- Nick Bonyhady
Centuria buys into Nvidia boom with office-friendly data play
It has acquired a half stake in data centre operator ResetData for $21 million, to repurpose its underperforming offices and jump on the AI bandwagon.
- Campbell Kwan
- Opinion
- Digital Life
It’s the battery life, stupid: Why we love Lenovo’s new laptop
Microsoft’s Copilot+ PCs are supposed to be all about the new AI features. But until Recall arrives, all we care about is their fabulous battery life.
- John Davidson
- Exclusive
- Jobs
This Aussie unicorn is paying millions for a chief AI officer. Should you?
SafetyCulture is on the hunt for its first AI boss as companies scramble to find executives to help unlock billions of value from the hot technology.
- Tess Bennett
The one thing this Rich Lister says every founder needs to remember
Sam Kroonenburg built a company from his bedroom, with him and his brother Ryan both making about $500 million. But Sam, 40, is doing what he can to avoid the trappings of wealth.
- Julie-anne Sprague
Abu Dhabi fund flies into IFM consortium at AirTrunk’s $20b sale
The most recent numbers in front of bidders show AirTrunk has punched through $1 billion in contracted EBITDA.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Why recession panic is gripping the markets
Global markets are being lashed by a perfect storm of recession fears, volatility and AI scepticism. But there’s a key reason it threatens to turn into panic.
- Updated
- James Thomson
Why this earnings season is the end of an era for Apple
The AI era is upon Apple, and all of its tech peers, and the stories it tells its investors and customers about its products are about to change forever.
- John Davidson
- Opinion
- Chanticleer
AI hype just collided with recession fears
Investors were already worried about how artificial intelligence investment will turn into profits. That’s being compounded by fears of a broader economic slowdown.
- James Thomson
Intel plans 15,000 job cuts after AI fumble
The US chipmaker said it will also reduce capital spending as its turnaround strategy hits another setback.
- Ian King
Amazon shares drop as AI costs spook market
Like Microsoft earnings earlier in the week, Amazon investors are ignoring profits, and starting to worry about whether big AI investments will ever be recouped.
- Spencer Soper
You can get iPhones much cheaper in China, but they still sell better here
As the tech industry obsesses about new AI features, sales of iPhones are still the core of Apple’s earnings reports.
- Max A. Cherney and Aditya Soni
