Investing

The capital will fuel Morse Micro’s international expansion, scale production and support its transition to IoT 2.0.

Elon Musk’s artificial intelligence firm xAI will hold a funding round valuing the company at $200 billion, according to CNBC, keeping up with or nearing massive valuations from competitors like Anthropic and OpenAI.

Nvidia’s investment in its struggling rival comes less than a month after the U.S. government took a 10% stake in Intel.

Sydney Airport has released its draft Master Plan 2045, outlining the biggest redevelopment since the Olympics. The plan includes a new super terminal, expanded freight capacity, more than 30 million extra passengers a year, and a net zero pledge. Here are the key details.

To receive the maximum compensation, Musk would be required to boost Tesla’s market cap from $1 trillion today to $8.5 trillion in the next 10 years.

Australian-founded Decacorn Airwallex has acquired San Francisco-based billing startup OpenPay to expand beyond payments into subscription management.

The ruling also boosted Apple’s shares, as Google will be allowed to continue paying the iPhone maker billions every year to remain the default search engine on its devices.

Federal prosecutors pushed a judge to force Google to sell its Chrome browser after the company was ruled as a monopolist in court last year.

Amazon has been stepping up investments across the Asia Pacific, with plans to invest over $50 billion to scale up its digital infrastructure in Australia, Japan, Singapore, Malaysia and Thailand.

Australia’s national carrier Qantas has seen statutory profits take off thanks to strong demand across all market segments.