Today
Cbus’ executives turn over but CFMEU directors are eternal
The rumours were true: acting chief risk officer Belinda Langdon did leave $90 billion fund in May. Hers follows a string of departures.
Yesterday
Supermarkets try new tack for vegan meat: price it like the real thing
Start-ups in the sector have been failing and demand forecasts have been slashed, leaving a company born out of a meat product maker an unusual beneficiary.
This Month
- Analysis
- The Breakdown
Google is a monopolist, but the egg can’t be unscrambled
The company paid tens of billions of dollars to become the world’s dominant search engine. Even Microsoft couldn’t compete.
- Exclusive
- Start-ups
‘Harder and harder’: Why Canva’s $370m AI bet said yes
AI dollars can be “fleeting” and competing with big players can cost hundreds of millions, setting the scene for Leonardo’s sale to Canva.
- 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.
- Exclusive
- Weight loss
Ozempic maker wants taxpayer subsidy for new Wegovy drug
Danish pharmaceutical giant Novo Nordisk pulled in more than $600 million from Australia last year but reported just $17 million in profit here.
- Exclusive
- Weight loss
Next blockbuster weight-loss drug to launch in Australia this month
Novo Nordisk’s Wegovy is about to go on sale here, avoiding the prospect of a supply disaster when compounded Ozempic is banned.
- Updated
- Analysis
- The Breakdown
The AI delusion says ‘we’re all going to get rich quick’
That sum is the staggering gap between what tech companies are making from selling artificial intelligence and the likely costs of running it.
July
- Exclusive
- Start-ups
Canva’s AI prize Leonardo traded for $320m, dividing VC industry
The valuation has been so closely guarded some investors have refused to tell their own backers how much Canva paid for the start-up.
Apple sues Omni Bridgeway, demanding documents in patent case
The ASX-listed litigation funder is resisting the subpoena in Delaware, arguing that the technology giant’s demand is unreasonable, vague and burdensome.
AI predicts own supremacy, orders itself dozens of McNuggets
Former British prime minister Tony Blair’s think tank found AI could save a fifth of public servants’ time, but it turned the analysis over to OpenAI’s tools.
- Analysis
- Billionaires
Old and new money meet at billionaires’ annual retreat
Network Ten owner Shari Redstone was in Sun Valley along with Bob Iger, a crop of Democratic presidential hopefuls and the tech elite for the annual Allen & Co gathering.
Who are the Chinese hackers named by Australia?
They are based in China’s south and have allegedly operated via a front company called the Hainan Xiandun Technology Development Co.
Labor under pressure to confront China over hacking
The government is under pressure to confront Beijing after its main counterintelligence agency named a hacking group linked to China’s Ministry of State Security.
- Updated
- Exclusive
- Start-ups
Start-up ditches carbon credits supplier after Zimbabwean fiasco
Sendle’s CEO says it has found new suppliers to stay carbon neutral as it faces a wave of discontent from former staff.
Network Ten owner sold to ‘Top Gun’ billionaires
The billionaire family behind Oracle Corporation along with ‘Mission Impossible’ and ‘Top Gun’ films will take control of the network in a complex deal.
- Analysis
- The Breakdown
Mark Zuckerberg shows he is, like a teen, desperate to be cool
The man who has everything is still stung by criticism and anxious for validation online, proving his critics right about Meta’s effects on mental health.
Foreign start-ups swarm Australia, ‘buying time’ to show profits
Australia offers a gateway to Asia, a skilled commercial workforce and cultural commonality with the US, but its wealthy customer base is an even bigger prize.
Uber cuts prices – but also pay rates for drivers
The company is expected to pull prices back by up to 5 per cent despite rising costs of insurance and fuel.
- Updated
- Cloud
Aussie spies to get $2b top-secret Amazon data centre
The system will let the country’s spies and military collaborate without being connected to the open internet where adversaries could breach it.
