Yesterday
Atlassian’s AI plans fail to stop $15b value plunge
CEO Mike Cannon-Brookes has failed to convince investors on making its AI assistant free as they shaved billions of dollars off his wealth on Friday.
This Month
Soon you can hand your credit card to AI. What could go wrong?
Visa is opening up its platform to artificial intelligence, allowing them to build bots authored to pay for everything from concert tickets to groceries.
April
Australian IVF screening start-up pulls Nasdaq IPO, blames US tariffs
The company has developed a test to screen embryos for thousands of genetic diseases in the In Vitro Fertilisation process.
Shipping giants face surging demand before tariffs hit global freight
Executives at big maritime transport businesses and ports warn consumers could get hit with higher prices as importers scramble “to get cargo in under the wire”.
Start-up staff trade traditional public holidays for any day off
At Roller, staff have been clocking in to work on some official holidays in exchange for a day off for Lunar New Year, Diwali, or even their birthday.
Why AirTrunk gave staff a trip to Bali, plus $1000
The data centre operator gave staff money to donate to partner charities from the innovative social impact fund.
TechOne founder says former executive not sacked to save costs
Adrian Di Marco was grilled over his decision to sack a Victorian executive earning close to $1 million a year as part of a long-running legal battle.
From a Moroccan villa to the courtroom: how StrongRoom AI’s good times went bad
Court filings that allege fraud at the tech start-up paint a picture of company funds being used to fund a lavish lifestyle of foreign trips and fine dining.
EVP claims StrongRoom founder admitted to fraud, faked accounts
Documents filed by the venture capital firm also allege one of the software start-up’s directors used company money to pay for a holiday to Morocco.
StrongRoom AI administrators launch firesale despite freezing order
HLB Mann Judd said it would seek “urgent” bids for the pharmacy software start-up’s assets this week even as it clarifies whether they can be sold.
HESTA says WiseTech’s new director ‘falls short’ of expectations
The industry superannuation major is concerned that the logistics software giant has appointed its former chairman as lead independent director.
StrongRoom investors at war as founders hit with freezing orders
A European venture capital firm has accused EVP of destroying the prospects of the pharmaceutical software start-up after reporting the company to police.
March
Inside StrongRoom’s breakneck trip from hero to zero
Three months ago, the pharmacy software start-up was on top of the world. New investors, plenty of blue sky. Then came the allegations from its new backers.
WiseTech investors say they want new CEO, but back White
A shareholder sentiment survey came as the software giant said former chairman Andrew Harrison would return as lead independent director.
StrongRoom AI goes into administration two weeks after $70m valuation
The future of the software start-up, which will be put up for sale, has been in doubt since EVP, a venture capital investor, raised doubts about its finances.
Lenders move on StrongRoom AI’s bank accounts amid police inquiries
The pharmacy software start-up was accused of financial misrepresentation by one of its newest and largest venture capital investors earlier this week.
Non-compete ban threatens value of business deals: investors, lawyers
Making it easy for workers to go work for the competitor down the road may help increase wages, but it could also have an impact on acquisitions.
Labor reveals its plan to regulate crypto
Crypto exchanges will have to meet the same basic governance requirements as banks under a long-delayed policy to regulate the local sector.
Court tells Meta to unlock scam data in win for Twiggy on crypto ads
The mining billionaire’s US case against Meta has revealed more than 230,000 social media ads using his likeness were published encouraging Australians to invest in fake cryptocurrency schemes.
Super giants demand WiseTech overhaul after damning White review
A board review found the software company’s billionaire co-founder had misled the board and made incomplete disclosures about his relationship with an employee.