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Woolworths CEO Brad Banducci steps down days after interview walkout

Woolworths boss Brad Banducci will step down from his role in September, after eight-and-a-half years in the job.

  • By Anastasia Santoreneos
  • Forbes Staff

Virgin Australia CEO Jayne Hrdlicka to step down

Jayne Hrdlicka will step down as the CEO of Virgin Australia, the airline has confirmed.

  • By Samuel Hussey
  • Head of News & Life

What is the future of bitcoin futures?

Spot bitcoin ETFs are finally here, attracting billions and challenging all pre-existing crypto-based ETFs. Does that spell the end for bitcoin futures funds? Not so fast. ProShares is doubling down.

  • By Javier Paz

Sam Altman’s Worldcoin soars after launch of OpenAI’s ‘Sora’ video tool

The price of Worldcoin’s crypto token has almost tripled in the last seven days as the project celebrates a new user milestone.

  • By Robert Hart
  • Forbes Staff

Billionaire Kerry Stokes’ Seven Group to take full control of Boral for $1.9 billion

Seven Group Holdings—controlled by billionaire Kerry Stokes—is offering to buy the rest of construction giant Boral for A$1.9 billion ($1.2 billion).

  • By Yessar Rosendar

WATCH: First look at OpenAI’s ‘Sora’ – An AI video model capable of realistic text-to-video prompts

The generative model will still need to clear rounds of safety testing before being open to the public.

  • By Antonio Pequeño IV

The Iconic and Zip co-founders raise $7 million for AI jobs platform

Hatch has closed an oversubscribed seed round to scale its AI-powered jobs marketplace aimed at Gen Z.

  • By Anastasia Santoreneos
  • Forbes Staff

This AI darling stock just tanked 20% today—but it’s still up almost 200% this year

Shares of Super Micro Computer nosedived Friday as an analyst threw some cold water on the U.S.’ hottest stock, but shares of the company viewed as among the top pure artificial intelligence plays remain up an eye-popping level.

  • By Derek Saul
  • Forbes Staff

OpenAI reaches US$80 billion valuation in venture firm deal, reports

The AI company has raised billions of dollars from companies including Microsoft.

  • By Antonio Pequeño IV

Melbourne AI startup set for global expansion after $12.5 million raise

AI startup Marqo completed the Series A round just six months after raising an $8.1 million seed round. The funds will go toward establishing a larger footprint in San Francisco where Marqo will now be headquartered.

  • By Shivaune Field
  • Business Journalist
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