August
Union sells boss’ subsidised McMansion
The Electrical Trades Union is selling a five-bedroom McMansion that once housed its national boss while stalling housing developments across Sydney.
Blackbird’s Wagatha Christie moment
The fund has been determined to get to the bottom of leaks, including one that showed it played a blinder on AI start-up Leonardo.
New York Times reporter’s misstep led to leak of Jewish chat group
One of the global media giant’s Australian staff said she “deeply regretted” her decision to share material from the private discussion.
An ex-Murdoch man turns on the populist press
Crikey publisher Eric Beecher laments the plight of modern media in an argumentative new book, The Men Who Killed the News.
- Exclusive
- Executive shake-up
Canva recruits from big tech ahead of IPO, but five execs have left
Five senior Canva executives with years of experience at technology giants including Meta, Adobe and Google have departed over the past 18 months.
Cbus’ executives turn over but CFMEU directors are eternal
The rumours were true: acting chief risk officer Belinda Langdon did leave $90 billion fund in May. Hers follows a string of departures.
Supermarkets try new tack for vegan meat: price it like the real thing
Start-ups in the sector have been failing and demand forecasts have been slashed, leaving a company born out of a meat product maker an unusual beneficiary.
- Analysis
- The Breakdown
Google is a monopolist, but the egg can’t be unscrambled
The company paid tens of billions of dollars to become the world’s dominant search engine. Even Microsoft couldn’t compete.
- Exclusive
- Start-ups
‘Harder and harder’: Why Canva’s $370m AI bet said yes
AI dollars can be “fleeting” and competing with big players can cost hundreds of millions, setting the scene for Leonardo’s sale to Canva.
- Exclusive
- Venture capital
Blackbird, Tiger Global-backed start-up shares valued at zero
Retail AI start-up Hivery has had to cut costs, staff and had two co-founders depart. Its biggest local investor has now written a stake down to $0.
- Exclusive
- Weight loss
Ozempic maker wants taxpayer subsidy for new Wegovy drug
Danish pharmaceutical giant Novo Nordisk pulled in more than $600 million from Australia last year but reported just $17 million in profit here.
- Exclusive
- Weight loss
Next blockbuster weight-loss drug to launch in Australia this month
Novo Nordisk’s Wegovy is about to go on sale here, avoiding the prospect of a supply disaster when compounded Ozempic is banned.
- Updated
- Analysis
- The Breakdown
The AI delusion says ‘we’re all going to get rich quick’
That sum is the staggering gap between what tech companies are making from selling artificial intelligence and the likely costs of running it.
July
- Exclusive
- Start-ups
Canva’s AI prize Leonardo traded for $320m, dividing VC industry
The valuation has been so closely guarded some investors have refused to tell their own backers how much Canva paid for the start-up.
Apple sues Omni Bridgeway, demanding documents in patent case
The ASX-listed litigation funder is resisting the subpoena in Delaware, arguing that the technology giant’s demand is unreasonable, vague and burdensome.
AI predicts own supremacy, orders itself dozens of McNuggets
Former British prime minister Tony Blair’s think tank found AI could save a fifth of public servants’ time, but it turned the analysis over to OpenAI’s tools.
- Analysis
- Billionaires
Old and new money meet at billionaires’ annual retreat
Network Ten owner Shari Redstone was in Sun Valley along with Bob Iger, a crop of Democratic presidential hopefuls and the tech elite for the annual Allen & Co gathering.
Who are the Chinese hackers named by Australia?
They are based in China’s south and have allegedly operated via a front company called the Hainan Xiandun Technology Development Co.
Labor under pressure to confront China over hacking
The government is under pressure to confront Beijing after its main counterintelligence agency named a hacking group linked to China’s Ministry of State Security.
- Updated
- Exclusive
- Start-ups
Start-up ditches carbon credits supplier after Zimbabwean fiasco
Sendle’s CEO says it has found new suppliers to stay carbon neutral as it faces a wave of discontent from former staff.