News

Australian venture capital firm OneVentures, headed up by Michelle Deaker, has just launched its seventh fund, targeting $200 million.

David Reilly worried that breaking up with Microsoft had thrown his Sydney-based quantum computing team’s future into peril… Then the phone started ringing.  

Now worth $2.8 billion, Groq thinks it can challenge one of the world’s most valuable companies with a purpose-built chip designed for AI from scratch.

A survey of almost 500 elite athletes—many of whom were bound for the Tokyo Olympics in 2021—showed more than half of them struggled financially.

Collapsed crypto exchange FTX and its sister trading firm Alameda Research must pay $12.7 billion, a New York-based federal court ruled on Thursday.

The Reserve Bank of Australia is expected to keep rates on hold at 4.35% when it meets this afternoon after softer-than-expected inflation data and a share market bloodbath.

The price of Bitcoin hit its lowest mark since February, reversing months of gains.

Emily Hamilton launched her viral beauty brand Coco & Eve in 2018, bootstrapped by her and husband Alexander Ostrowksi. Fast-forward to today, and the company’s just sold a majority stake in the business to US private equity firm Gauge Capital – and says it’s on track to exceed $120 million in revenue for the 2024 calendar year.

Apple shares opened down 8%, Microsoft 5%, Nvidia 14%, Google parent Alphabet 6%, Amazon 8%, Facebook parent Meta 7% and Tesla 11%.

The global stock market slide wiped out billions of dollars from the net worths of the world’s richest people.