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$1 trillion and counting: Australia’s richest wealthier than ever before

New research from Capgemini reveals high net worth wealth in Australia grew 7.9% in 2023, well above the global average of 4.7%. It is now valued at USD$1.05 trillion.

  • By Shivaune Field
  • Business Journalist

A secret ‘Electronic Warfare’ startup is raising US$15 million

CX2, which is still in stealth, is being led by serial entrepreneur Nathan Mintz, who co-founded the counter-drone unicorn Epirus.

  • By David Jeans
  • Forbes Staff

GameStop shares soar 30% as meme stock leader ‘Roaring Kitty’ schedules livestream

Gill owns five million common shares of GameStop and even more in call options, according to unverified posts from his Reddit account, a position worth well over $100 million.

  • By Derek Saul
  • Forbes Staff

Kia recalls over 462,000 SUVs for faulty seat motors that may catch fire

Some drivers reported a burning smell and smoke coming from under the driver’s seat, the Korean automaker said.

  • By Ty Roush
  • Forbes Staff
Illuccix Telix

Guided nuclear missile for cancer: Telix prepares for Nasdaq IPO

Flushed with recent success, Melbourne-based, ASX-listed Telix Pharmaceuticals is looking to jointly list in the US to capitalise on its strong American base.

  • By Mark Whittaker
  • Forbes Staff

Meet the billionaire owners facing off in the 2024 NBA finals

Wyc Grousbeck’s Boston Celtics are looking to win a record-breaking 18th NBA championship, while Mark Cuban, Miriam Adelson and the Dallas Mavericks are trying to score the franchise’s second title.

  • By Justin Birnbaum

‘That’s the future’: Zoom CEO wants digital twins in meetings so you can go to the beach

Zoom founder and chief Eric Yuan says a digital twin could read emails, join meetings and eventually, fully automate most work communications.

  • By Anastasia Santoreneos
  • Forbes Staff

Are work-related AI outputs completely trustworthy? 95% of Aussies say no

Slack’s Workforce Lab surveyed 1,000 desk workers in Australia and found half are excited about using AI, but the vast majority feel AI outputs are not completely trustworthy.

  • By Shivaune Field
  • Business Journalist

Nvidia tops Apple’s market cap, becoming the world’s 2nd most valuable company

Nvidia was valued at less than 2% of Apple just ten years ago.

  • By Antonio Pequeño IV

Tesla shareholders vote on Elon Musk’s $50 billion pay package next week—Here’s what’s at stake

Tesla shareholders will decide next week whether to reinstate CEO Elon Musk’s unprecedented 11-figure bonus, a decision Wall Street classifies as a pivotal moment for the carmaker as the centibillionaire’s head turns to his various other endeavors.

  • By Derek Saul
  • Forbes Staff
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