$790 million medtech Harrison.ai reveals revenue surge after restructure culling 15% of staff

Harrison.ai founders Aengus and Dimitry Tran say their $789 million startup is reorganising to prepare for a commercialisation drive at home and abroad – but that R&D remains in Australia. Harrison.ai cut 15 per cent of its workforce earlier this year in a restructure founders Aengus and Dimitry Tran say will allow it to put […]

U.S. and China discuss AI alert system for safety incidents

U.S. and China agreed to set up an AI dialogue and discussed a “notification system” that could be used to raise alerts about AI safety incidents related to national security issues, Treasury Secretary Scott Bessent said Sunday after a meeting with Chinese authorities ahead of President Xi Jinping’s visit later this week.

Sukhinder Singh Cassidy

Xero investors protest CEO’s new $25.5m pay pack

Over 70 per cent of eligible shareholders voted against the Xero board’s decision to award Sukhinder Singh Cassidy a target pay package of $25.5 million amid the company’s stock struggles. Key Takeaways Key Background   Earlier this week Xero’s board rewarded chief executive Sukhinder Singh Cassidy with a 22 per cent pay rise, lifting her target […]