Investing

Homegrown workplace safety company, SafetyCulture, has just closed a $165 million funding round, to help it accelerate AI adoption.

There are more than 8,000 family offices in the world today, with that figure set to grow by 75% by 2030, a new report from Deloitte Private shows. North America will undergo the greatest growth – but Asia-Pacific is set to outpace the region in terms of speed.

Westpac has tapped Anthony Miller to step up as its next CEO, effective December 16. Miller, who currently oversees the bank’s Business & Wealth division, will take over from Peter King, who exits after a 30-year run.

A marked increase in non-subscription revenue resulted in a fat payout for the platform’s sole owner Leonid Radvinsky.

The Bolt founder claimed a group of investors had signed off on the company’s chaotic $450 million raise, but some said they hadn’t. Now, BlackRock and other investors have moved to stall the round.

Apple and Nvidia are reportedly in discussions to join a major funding round for OpenAI. The new round of investment could push the ChatGPT-maker’s valuation above US$100 billion.

Nvidia shares are up more than 150% on the year amid a demand surge for its AI-powering chips.

Australia’s national carrier Qantas has seen its statutory profits after tax take a near-30% hit, which the airline says is due to moderating fare prices.

Few mutual fund managers can come close to this former Legg Mason portfolio manager’s 15-year market-beating record. Below he discusses lessons he has learned, plus his firm’s top ten holdings.

Cooper’s podcast has ranked as the second-biggest on Spotify since 2021, only behind “The Joe Rogan Experience.”