AMP’s chief economist tells Forbes Australia the global cost will be in the billions. Australia’s Minister for Cyber Security says the CrowdStrike update fallout may take weeks to recover from.
The ‘blue screen of death’ descended on computers around the world on Friday. Here are the immediate, short, and long-term things you can do to ensure your system is up and running.
The firm at the heart of the global IT outage was created to ‘reinvent security for the cloud era,’ according to company documents. It is headquartered in Austin, Texas, listed on NASDAQ, and is valued at $124 billion.
Woolworths, ABC, Telstra, The Australian, and are among the companies that have been impacted. Sydney Airport confirmed technical outages today. US airlines Frontier, Allegiant and SunCountry also reported their operations have been impacted due to outages.
Melbourne-headquartered JigSpace is on a roll. It is being compared to Canva and completed its latest fundraising round in the same week Apple CEO Tim Cook called the company ‘incredible.’
The telco that made $2 billion in profit last year is hiking mobile plan prices 4%. Meanwhile, the Telstra workforce is bracing for 2,800 layoffs this week.
An Australian firm is revolutionising carbon capture in the cement, steel, power generation, and chemical production industries. KC8 received $10m in funding from Woodside Energy and Mexico’s Cemex Ventures.
Data61 – the data and digital arm of Australia’s national science agency CSIRO – had four scientists nominated for APAC Women in AI awards. These two took home top prizes.
Blackbird and Atlassian Ventures led the $11.5 million seed funding round for Redactive AI – a Melbourne-based developer platform co-founded by former Atlassian product managers.
Sarah Nolet co-founded Tenacious Ventures, Australia’s first agtech VC fund, in 2018. She talks to Forbes Australia about expanding and exporting our nation’s agricultural expertise, raising a fund in this tough investment environment, and the power of rolling up your sleeves and getting your hands dirty. Sarah Nolet was 25 when she went to Mendoza, […]