Yesterday
WiseTech faces investor scepticism on $3.5b plan to buy American rival
The logistics software giant is considering its largest acquisition yet at the same time as it confronts significant shareholder unrest over its governance.
This Month
Why investors (but not workers) are raving about Microsoft, Meta
The big-tech AI party seemed to be winding down, but Meta and Microsoft say the night is still young.
VC giants jostle for $15b AI start-up
A stake in Thinking Machines Lab – valued at more than $15 billion – is in high demand. At least two local firms have secured one.
April
Australian fintech Demyst snapped up in $157m acquisition
Demyst, which counts ANZ, NAB and Standard Chartered among its clients, has been bought out by a private equity-backed Portuguese firm
Green start-up backed by billionaire Scott Farquhar, Square Peg shuts down
Sustainable packaging company Zero Co, backed by prominent investors, will close next week after failing to overcome production problems.
Musk to pull back from DOGE as Tesla profits plunge
The EV company has been facing increased scrutiny of its near-term growth prospects after deliveries tumbled 13 per cent in the first quarter.
Meet the 24-year-old Australian behind a $300m US start-up
Max Marchione moved to San Francisco to start Superpower and capitalise on the US’ under-resourced healthcare sector.
TikTok, Meta, Snapchat demand answers on YouTube ‘sweetheart deal’
The tech giants say Michelle Rowland’s unexplained favouritism towards Google’s video platform undermines new social media age restriction laws.
YouTube exemption exposes teen social media ban as a sham
The government’s preferential treatment of YouTube undermines the purpose of its under-16s social media ban, and is unfair to the other tech industry players.
CBA customer wanted to buy $30k in bitcoin. The bank wouldn’t let him
Listen to recordings of Andrew Broadbent’s calls with CBA, which refused to let him make a transfer to buy $30,000 in bitcoin.
Start-up valuations increase but tech investors brace for Trump disruption
New data shows VC firms have invested about $1 billion in 100 start-up deals so far this year, but recession fears and market uncertainty is spooking investors.
Small and medium businesses must act big in cybersecurity fight
SMBs face the same frightening cybersecurity landscape as larger enterprises, but lack anything like the same financial muscle and expert staff to fight back.
How hackers are using AI to trick their way through cyber defences
The jury is still out on whether these new tools are more helpful to hackers or cybersecurity professionals. The tech has led to an era of deepfakes and suspicion.
Tech bros left reeling in ‘dizzying’ Trump tariff back and forth
“Those donations they made to get Trump elected are being rewarded,” wrote one analyst after key electronics were exempted. Then the White House changed its mind.
Investors bet ‘AI fatigue’ is a temporary ailment
The biggest market darlings are suffering a humbling period as investors question whether the hype is all it is cracked up to be.
Canva makes its pitch to take on Microsoft with an AI Excel rival
Canva has launched its biggest product update, including a move to take on the industry giant with a re-imagining of the Excel spreadsheet.
Westpac’s $50,000 call centre clash lands bank in PR nightmare
The lending giant thought it had detected a scam. But a customer is adamant he was denied access to his money with no explanation. And he’s gone public.
Cyber minister Tony Burke ‘radio silent’ on super breach: Coalition
The accusation comes after cybersecurity firms identified the details of thousands of Australian retirees for sale online.
Woolworths buys into telehealth consultations with $70m start-up
The supermarket giant’s pharmacy division has led a funding round in Hola Health, giving customers access to virtual doctor’s appointments and prescriptions.
Ramsay Healthcare chief says the age of AI care is coming
The CEO of Australia’s biggest private hospital operator has flagged greater AI adoption as a way to help improve services.