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    Latest

    Loam Bio board members Tegan Nock and Guy Hudson.

    Cannon-Brookes, Benioff-backed start-up lays off staff in US pullback

    Loam Bio, a start-up that has raised more than $150 million from high-profile investors, has laid off the majority of its staff in the US.

    • 1 hr ago
    • Tess Bennett
    Cisco is making cuts as it looks to focus on faster growth areas like AI and cybersecurity.

    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

    Life360 shares hit all-time high, announces 70m users

    Market darling Life360 continued its share price rally on Friday after lifting its revenue and earnings guidance for the full year.

    • Tess Bennett

    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

    Brumby urged to follow Breakthrough Victoria CEO out the door

    The chief executive of the Victorian government’s Breakthrough Victoria fund, Grant Dooley, has resigned and backed an overhaul of the John Brumby-led board.

    • Patrick Durkin

    Opinion & Analysis

    Apple Vision Pro means the future of work is upon us

    The headset lets you do your work in virtual reality. It works surprisingly well, but ideally, you will have the neck strength of a rugby forward.

    John Davidson

    Columnist

    John Davidson

    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.

    Nick Bonyhady

    Technology writer

    Nick Bonyhady

    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

    Columnist

    John Davidson

    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.

    Nick Bonyhady

    Technology writer

    Nick Bonyhady

    Technology reviews

    Apple Vision Pro means the future of work is upon us

    The headset lets you do your work in virtual reality. It works surprisingly well, but ideally, you will have the neck strength of a rugby forward.

    • 55 mins ago
    • John Davidson

    Did Russia just sabotage our Samsung Watch Ultra?

    A series of strange results while testing Samsung’s latest smartwatch may have a surprising explanation.

    • John Davidson
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    More From Today

    Apple Vision Pro means the future of work is upon us

    The headset lets you do your work in virtual reality. It works surprisingly well, but ideally, you will have the neck strength of a rugby forward.

    • 55 mins ago
    • John Davidson

    This Month

    Phocas CEO Myles Glashier and CFO   Dave Boorman.

    Sydney’s Phocas Software courts global buyers

    Phocas joins a growing list of Australian tech companies – especially those with large global businesses – which are seeking their M&A fortunes overseas.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Kirsty Burrows is head of the sports safety unit at the International Olympics Committee. She says the terrible impact of online violence is now being aggrssively tackled with prosecutions.

    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
    China accounts for 80 per cent of all global manufacturing capacity, but last year there was 315 gigawatt hours (GWh) of excess battery production.

    How the big bet on electric car gigafactories went badly wrong

    A glut of batteries is good news for anyone buying an electric vehicle, but it’s slowing development of the capacity needed in the future.

    • James Titcomb
    Industry and Science Minister Ed Husic says Australia said the investment in PsiQuantum would “ensure our nation’s national security.”

    Coalition claims ‘$1 billion captain’s pick’ as PsiQuantum answers emerge

    New information reveals the Commonwealth engaged in a lengthy due diligence process before making a $1 billion bet on PsiQuantum.

    • Tess Bennett
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    Sundar Pichai, the chief executive of Alphabet – Google’s parent company –  was among tech bosses to testify.

    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.

    • Nick Bonyhady
    Blackbird partner Niki Scevak justified the decision to sell Leonardo rather than going all the way.

    ‘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.

    • Nick Bonyhady
    OneVentures managing director and founding partner Michelle Deaker. is in a stronger position than most when it comes to VC fundraising.

    Australian venture capital firms face a battle for their future

    Venture capital firms are under pressure to secure funding, as superannuation funds re-evaluate their investment options.

    • Paul Smith

    Did Russia just sabotage our Samsung Watch Ultra?

    A series of strange results while testing Samsung’s latest smartwatch may have a surprising explanation.

    • John Davidson
    Startup hopstep is working with aged care providers like Arcare Aged Care, Mercy Health and Medical & Aged Care Group to recruit staff.

    Aged care execs seek seed capital for recruitment startup

    The hopstep recruitment platform for the aged care sector is hitting up venture capital and high-net-worth types to raise $3 million.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Two of Jason Hosking’s co-founders have departed after a wave of cost cuts.

    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
    Robin Khuda’s AirTrunk sale is a veritable feast for investment bank bosses.

    Jefferies grabs a piece of AirTrunk’s $20b auction

    No doubt, AirTrunk should pad fee revenues for IB bosses for the December half, while burnishing the resumes of the bankers at the frontlines for years to come.

    • Sarah Thompson, Kanika Sood and Emma Rapaport

    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
    • AI
    Luke Anear, founder and CEO of SafetyCulture says

    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
    AirTrunk founder Robin Khuda has two bidders in the bag for the $20 billion-plus data centre business.

    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
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    Atlassian founders $3.8b poorer as market punishes revenue miss

    Slowing revenue growth has dampened Scott Farquhar’s final showing as co-CEO of Atlassian.

    • Tess Bennett

    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
    The symbol for Intel appears on a screen at the Nasdaq MarketSite, on October 1, 2019 in New York. Intel Corp. Intel reports earnings on Thursday, August 1, 2024.

    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 founder Jeff Bezos handed over the reins of the company in 2021 and his successor Andy Jassy has been spending heavily on AI services.

    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