This Month
‘No winners’: CEO of software giant SAP urges end to Trump tariff war
The head of the group, which lists clients such as Coles, Woolworths and Woodside, says all countries and businesses will lose if the trade war continues.
Hacker claims Oracle breach, sending business and agencies scrambling
Australia’s biggest companies rushed to check their systems after a hacker claimed to have stolen important credentials via tech giant Oracle.
February
Tech visa lobby foots bill for Andrew Bragg’s Christmas bash
It’s less glamorous than the Hemmes-sponsored party of 2023, but at least anyone interested in skilled migration or international student caps was happy.
ASIC launches investigation into ASX’s December settlement failure
The corporate regulator is already suing the market operator for misfires in its ageing infrastructure platform. The new probe could lead to a second lawsuit.
January
Atlassian rockets to three-year high after earnings surprise
Mike Cannon-Brookes says the company has had some “massive customer wins”, sending its shares soaring almost 20 per cent on Friday.
September 2024
Why these tech companies’ M&A plans have stalled
It’s a tough environment for tech companies wanting to buy assets and grow. The disconnect between public and private markets is making it worse.
Westpac’s accidental CEO hands successor a potential booby trap
Outgoing boss Peter King has been impressive turning the bank around after a scandal. But his replacement Anthony Miller has one tricky repair job to execute.
How Blackstone and AirTrunk plan to build a $100b business
The deal of the year? That’s old news for Robin Khuda, who is already thinking much bigger. It’s music to the ears of his new deep-pocketed backer.
August 2024
Chip challengers try to break Nvidia’s grip on AI
Cerebras, d-Matrix and Groq are among a group of smaller companies aiming to take a slice of the multibillion-dollar artificial intelligence hardware market.
The $340m government IT disaster no one cared about
The idea was simple enough: one back-office system to better co-ordinate all government departments. A decade later, the plan has been abandoned at big public expense.
Atlassian founders $3.8b poorer as market punishes revenue miss
Slowing revenue growth has dampened Scott Farquhar’s final showing as co-CEO of Atlassian.
July 2024
Tech meltdown revealed a fundamental flaw in plain sight
The global CrowdStrike breakdown revealed just how much of the global IT system is built on inherently unsafe code.
Google’s biggest acquisition falls over as $35b offer rejected
Cybersecurity firm Wiz has turned down a mammoth takeover bid from Google’s parent company, Alphabet, sticking with an IPO plan.
Why investors see an opportunity in CrowdStrike shares
Australian stock pickers say a plunge in CrowdStrike’s shares after it caused a global outage represents a buying opportunity, with slim cyber pickings on the ASX.
Huge cyber fines to be ‘Ford Pinto’ moment Australian business needs
The threat of business-crushing penalties could change the economics of storing sensitive data and cybersecurity investment.
Cyber is our fastest growing national security threat: O’Neil
The Home Affairs Minister says Labor’s plans to boost Australia’s defences against increasing online risks are already delivering results.
Big tech domination leaves Canberra, states ‘highly vulnerable’
According to some estimates, Microsoft’s Windows and its 365 suite of office software run on more than 80 per cent of federal and state government computers.
CrowdStrike failure raises billion-dollar compensation question
Insurers could bear the brunt of costly fallout from the global IT outage on Friday, as techies at companies worked over the weekend to get services back up and running.
ASX cuts back on overpaid tech contractors who were ‘taking the p---’
The company’s tech boss is reducing reliance on contractors and consultants after insiders blew the whistle on temporary staff.
Regulator needed as ASX techies tinker with critical infrastructure
The ASX has a glut of big tech upgrades to deliver, on top of its CHESS debacle ‘do-over’. If it stuffs them up, then everyone in the market suffers.