The golden rule driving Nick Mowbray’s multibillion-dollar Zuru empire
Nick Mowbray still describes ZURU’s early years in three words: eat, survive, repeat.
AI
Why Sam Altman won’t be on the hook for OpenAI’s massive spending spree
OpenAI has gone wild with compute deals this year, committing to spend far more than its balance sheet can currently sustain. So who takes the fall if it can’t pay? It won’t be Altman.
Threads passes X in key monthly metric for first time in Zuckerberg vs. Musk battle
Threads surpassed X in daily active users on mobile devices worldwide for the first time by a razor-thin margin late September, though now Threads has since extended its lead by millions of users.
The world’s youngest self-made billionaires are a trio of 22-year-old AI founders
With a new $10 billion valuation for their AI recruiting startup Mercor, the founders are the youngest tech billionaires ever.
Meta laying off about 600 staff at AI Superintelligence Labs—Here’s what’s impacted
The layoffs will reportedly not impact the company’s division developing next-generation AI models.
Australian start-up funding rebounds to over $1 billion across Q3
Despite a continued drought of mega-deals, Australia’s venture funding climbed back to the billion-dollar mark in Q3, driven by a surge in accelerator activity and heightened investor appetite for deep-tech and AI-focused companies.
Why Australia must build its own GenAI storytelling culture
When Sundance vaulted indie filmmakers into the spotlight in the late 1980s, it reshaped cinema and the business around it.
AMD shares surge 30% after multibillion-dollar deal with OpenAI
OpenAI has agreed to purchase and deploy 6 gigawatt worth of AMD’s AI chips.
‘If we don’t build our own stack, we become someone else’s customer’: Australia’s AI warning
India, France, the UK and the UAE are already building sovereign AI. An Aussie LLM needs 30 billion parameters, and can protect against offshore policy shifts, price shocks, and opaque black-box systems.
Atlassian’s AI spending spree continues with $1.5 billion DX deal
Atlassian has made its second billion-dollar AI acquisition in less than a month, announcing a US$1 billion (AU$1.54bn) deal to acquire DX, a Salt Lake City-based startup that helps engineering teams measure the real-world impact of AI on productivity. The acquisition, expected to close in Q2 FY26, is being paid for with a mix of cash and restricted stock.