News

Xero is bumping CEO Sukhinder Singh Cassidy’s remuneration to US$18.5 million ($25.8 million), a jump of 22 per cent, arguing this places her in the median of US tech CEOs.

The Kushner scion’s VC firm Thrive Capital nearly tripled its assets thanks to smart bets on OpenAI and SpaceX. Now he’s looking to spend some cash on the NBA’s Lakers.

Long regarded as a financial sanctuary for the wealthy, billionaires these days come from more than a dozen countries and hold fortunes in everything from pharmaceuticals and kitchen appliances to private equity and jewelry.

TikTok made $9.1 billion and its first profit in Europe and Latin America but faces a wave of lawsuits and investigations from European regulators.

Opinion: Millennials grew up during the startup boom. Now, MYOB CEO Paul Robson argues, many are taking a more measured path to business ownership, favouring dependable service businesses with recurring revenue. For much of the past two decades, entrepreneurship has been synonymous with disruption. For many, success was measured in funding rounds, rapid scaling and […]

The couple moved to the U.S. in 2020 as they stepped away from their official royal duties.

Canva had to delay its Canva AI 2.0 rollout after the booming costs of compute made the products uneconomical. The company has cut its AI costs and is ready to scale back up, founder Cliff Obrecht says.

Opinion: Wages growth is slowing as Australia’s labour market softens, adding to household cost-of-living pressures. But weaker wages could also help bring inflation down faster, opening the door to earlier interest rate cuts, argues Stephen Koukoulas With households facing extended cost-of-living pressures, wages growth is a critical indicator of both the financial strain many Australians […]

A bioethicist and Neal Khosla argue in a new paper that AI-only medical care is the future—and insist it will be better than human physicians.

Millions of physical books are being scanned to train AI models. They’re then dumped in the trash.