NewsBite

Tess Bennett

Today

Life360 Chris Hulls says

Life360 gadget will track elderly parents who leave phone at home

Chris Hulls, the boss of ASX darling Life360, says he has been relying on “weird hacks” to check in on his mum, who has dementia.

Yesterday

Richard White is more powerful than ever at WiseTech after winning a boardroom power struggle.

White’s return as executive chairman puts ‘key man risk’ in play

Shareholders have been told to “exit stage left” if they have any doubts over Richard White’s ability to lead WiseTech.

This Month

WiseTech global founder Richard White will present the company’s financial results.

ASIC says it is making ‘preliminary inquiries’ into WiseTech

The comments from the regulator came after the software giant’s founder, Richard White, returned as executive chairman despite a board review into his conduct.

Richard White founded WiseTech and built it into one of the most successful software companies on the ASX. But he has been selling his shares in recent months.

WiseTech’s billionaire founder sells $200m in shares in two months

Richard White offloaded the stock in the midst of turmoil at the company which ultimately led to the exit of four independent directors earlier this week.

NextDC chief executive Craig Scroggie will be rewarded with a share package worth $50 million if the company’s share price hits $32.52 in five years’ time.

NextDC unveils $150m bonus plan to keep star executives

CEO Craig Scroggie is in line for a $112 million bonus if shares rise 124 per cent in five years, making him one of the ASX’s top earners.

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Richard White is the subject of an internal investigation at the company he founded, WiseTech.

WiseTech investors split as board quits en masse over Richard White

The software firm’s chairman and three directors have quit citing “intractable differences” over the billionaire businessman’s continuing role at the company.

Telegram founder Pavel Durov.

Telegram founder was arrested in France. Now Australia is after him

Pavel Durov, the founder of the app heralded by some free speech advocates, is on bail in France facing allegations it is rife with disturbing content. Australia’s eSafety Commissioner is joining the fray with a $1 million fine.

Unlockd founder Matt Berriman’s 3.5-year US legal battle against Google has come to an end.

US judge throws out Aussie start-up’s Google antitrust case

Unlockd founder Matt Berriman has been pursuing Google in US courts for four years over its role in his start-up’s collapse.

From left, PsiQuantum founders Jeremy O’Brien and Terry Rudolph the company’s silicon photonic wafer.

PsiQuantum confident it has the fastest track in quantum race

Government-backed PsiQuantum powers ahead with plans to build a data centre-sized quantum computer, as Queensland treasurer reviews investment in the company.

Gilmour Space is racing to have its rocket ready to launch from the Bowen Orbital Spaceport in north Queensland in early December.

Aussie firm sets March date for rocket launch

Gold Coast-based Gilmour Space Technologies, which represents Australia’s best chance to rival SpaceX, has cleared its final regulatory hurdle.

Adam Gilmour said he wants to see the company’s first rocket launched before the end of the year.

Gold Coast rocket company gets green light for first launch

After a two-year battle with the regulator, Gilmour Space has been granted approval to launch its Australian-made rocket to compete with SpaceX.

Employment Hero CEO Ben Thompson has welcomed KKR to the company’s cap table.

Seek sells $95m stake in Employment Hero to buyout giant KKR

The fast-growing human resources and payroll software group is one of the star performers in a venture capital fund spun out of the jobs platform in 2021.

Henry Badgery and Matt Boustred have tried out DeepSeek. Not only was the performance on par with the results produced by models developed by OpenAI and Anthropic, it was five times cheaper to run.

Australian developers trialling DeepSeek say it’s 5 times cheaper

Testers say the Chinese AI platform is on par with OpenAI and Anthropic and offers an “amazing level of performance”, but is far cheaper to run.

Jacques Greeff with brother Frank, who is a ex-chef and young rich lister, are on a mission to meet all the founders in Australia making more than $10m a year.  He has been cooking lunches at his Northern Beaches home for founders.

The hottest VC ticket in Sydney is an invite to this founder’s brunch

No plus ones, no alcohol, and no hard sales pitches. There is a 230-person waiting list for Frank and Jacques Greeff’s invite-only founders’ table.

Robyn Denholm says Australia has “been making excuses for 30 years” about the lack of R&D investment.

‘National emergency’ as Australia falls $25b short in R&D

Tesla chair Robyn Denholm and Industry Minister Ed Husic say Australia risks falling behind unless big business spends more on inventing new products and ideas.

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The founders of Relume and Frank and Jacques Greeff.

After $180m deal, Young Rich Listers buy into $80m AI start-up

Brothers Frank and Jacques Greeff, who sold their tech company for $180 million, have made their maiden investment as rich founders in AI website builder Relume.

Anish Sinha, chief financial officer , Skye Theodorou, chief executive officer and Sajjad Naveed, chief technology officer.

Brian Hartzer, Gandel family back $45m insurance start-up UpCover

The company, which has just finished raising more money, is attempting to disrupt the commercial insurance industry that has long been dominated by two brokers.

“This was a difficult decision, but one that we think is best for the company long term,” CEO Andy Jassy told employees in a memo.

Amazon CEO explains why he’s happy to run DeepSeek

Andy Jassy rushed to make DeepSeek’s open-source models available to his customers, in a move that will put downward pressure on the total costs of AI projects.

Renee Wootton, director of new market development at LanzaJet: “I originally wanted to become a commercial pilot, and then I realised my passion for business was stronger than my passion to fly.”

Why this exec thinks everyone should enter a bodybuilding competition

Renee Wootton, LanzaJet’s global director of new market development and a 2024 BOSS Young Executive, uses four buckets to organise her busy to-do list.

Alphabet chief executive Sundar Pichai.

Google playing catch-up on the hottest AI consumer trend of the year

AI agents can take over consumers’ web browsers to order groceries or book a restaurant for dinner. Google says its assistant is coming later this year.

Original URL: https://www.afr.com/by/tess-bennett-p4yw9c