Today
Office towers v Bunnings sheds: Alternate routes in AI race
Demand for data centres to power the artificial intelligence boom is surging, but there is debate over the best way to deliver.
This Month
Wylie plots big expansion of start-up funds after Tin Alley success
Documents circulated among investors detail the companies that the Tanarra Capital-run vehicle has invested in, including many that have been revalued upwards.
AI rivals try to cash in on WiseTech customers’ price rise anger
The tech firm’s competitors are targeting logistics companies unhappy with the new transaction-based fees which could increase prices by 30 per cent.
WiseTech dismisses customer concerns over price increases
WiseTech Global chief executive Zubin Appoo has sought to calm frustrated customers over a new pricing model rolled out this week.
Airwallex CEO brawls with Silicon Valley heavyweight over China links
Jack Zhang accused venture capitalist Keith Rabois of trying to damage the company after he claimed it was a “Chinese backdoor into sensitive American data”.
Body scanning start-up worth $110m on uniform fittings, Ozempic boom
Melbourne-based Bodd has banked $15 million from high-profile backers, including former directors of Laurence Escalante’s Virtual Gaming World.
AI spending hits bottom line at local tech stars
Three of Australia’s leading private software firms are spending big to keep up in the arms race, but the investment is yet to translate into higher earnings.
Eucalyptus revenue surges on UK appetite for weight-loss drugs
The high-profile Australian start-up more than doubled its revenue in the year ending June 30, driven by strong demand in the UK market.
November
Virgin Australia signs deal to let ChatGPT make travel plans
The Australian airline says it is exploring building an app inside ChatGPT as part of a wider partnership with OpenAI.
Macquarie Technology tests appetite to finance $3b data centre plan
The ASX-listed data centre group has told investors it is exploring new ways to finance giant new data centre projects.
EVP turns page on StrongRoom AI saga after raising $100m for new fund
While the venture capital firm courted controversy after calling the police on one of its own investments this year, its backers have not lost faith.
Oleg Vornik defends $50m DroneShield share sale, citing risk to life
While the businessman has been circumspect about the reasons for offloading his entire stake, privately he has given an explanation to some investors.
White tears up at WiseTech AGM as investors deliver first strike
Richard White sailed through the company’s meeting on Friday as investors ignored an ongoing investigation into his share trading activity.
DroneShield abruptly cancels broker call to shore up shaky investors
The defence technology company’s chief executive had been expected to front a Bell Potter-run briefing amid questions about why he sold his entire stake.
DroneShield confesses to CEO share sale during misinformed market
The disclosure in response to questions from the ASX comes amid a spike in short positions at the one-time hot defence company, and as investors dump stock.
DroneShield struggles to keep up with evolving battlefield
Changing tactics and technology are posing a challenge for the under-fire defence contractor’s signature product, military experts say.
TechOne punished as investors flee sector
Shares in the software developer slumped, despite a near one-fifth increase in profits over the last financial year, as the ASX suffered its second-biggest drop this year.
DroneShield house broker turns on ‘dead money’ stock after CEO sale
The hot defence technology business shocked investors last week when chief executive Oleg Vornik sold $50 million in shares, his entire stake in the company.
Hedge fund says DroneShield had 17 red flags
The multibillion-dollar hedge fund is short the drone platform stock, which has slumped after its chief executive offloaded all his shares with no explanation.
Oliver Curtis’ Firmus lifts valuation to $6b on fresh funding round
The AI start-up has raised a further $500 million to fund its growth plans, but some sceptics question whether its lofty valuation is justified.