Yesterday
‘I’m nervous’: Major AI backer warns against trillion-dollar spending
Klarna chief and OpenAI investor Sebastian Siemiatkowski says the technology industry is committing too much money to building huge computing infrastructure.
This Month
Fintech Eftsure growing amid fears of AI-boosted business scams
This American tech boss fell in love with Tim Tams and Vegemite. Now, he’s helping Australian fintech Eftsure go global.
Tech CEOs call for sovereign digital infrastructure investment
Technology executives say the “economy is toast” without the ability to operate AI models on Australian soil, and we can’t rely on temperamental allies.
Why it’s time to scrap the chatbot
Character.ai is among the companies opting for a little less conversation and a lot more thought about building products that are safer for teens.
Anthropic commits $76b to build AI data centres in the US
The new sites, which Anthropic will develop with UK-based Fluidstack, will start coming online throughout 2026 in several US locations including Texas.
SoftBank sells Nvidia stake for $8.9b to fund AI bets
Founder Masayoshi Son has been unwinding positions to pay for a plethora of AI projects, including Stargate data centres and an AI manufacturing hub in Arizona.
Woolworths’ Bardwell gets to work convincing the market of turnaround
The low-profile supermarket executive told fund managers she was focused on growing private label sales and overhauling the retail giant’s complex structure.
AI’s bubble just quietly entered a new phase. This one’s debt-fuelled
The $184 billion artificial intelligence giants raised in seven weeks to fund their investments is making Bank of America markets guru Michael Hartnett nervous.
Nvidia boss predicts China will win AI race with US
CEO of the world’s most valuable company Jensen Huang criticises Western AI “cynicism” while Beijing loosens regulations and cuts energy costs for data centres.
No more rip-offs: AI turns everyone into an expert negotiator
When everyone has a genius in their pocket, they will be less vulnerable to mis-selling – benefiting them and improving overall economic efficiency.
Goodman promises to walk the talk as data centre rollout surges
Goodman is dramatically ramping up its global rollout of data centres, which will account for three-quarters of its $17.5 billion-plus workbook by next year.
Why is the ACCC backing off Big Tech crackdown?
AI increases the urgency of proper regulation. So why did the government defund and disband the competition watchdog’s world-leading team of digital markets experts?
Iren’s $15b Microsoft mega-deal sign of an AI surge that won’t stop
Daniel Roberts, a former Macquarie banker who runs the Nasdaq-listed data centres business, says the agreement is only the first of many as demand booms.
Microsoft signs $14.8b deal with Australian data centre firm
Sydney-based Iren will provide Microsoft with data centres for artificial intelligence under a five-year deal that is expected to generate billions in revenue.
October
ANZ flags $1.1b hit; Atlassian CFO exits; From prince to pauper
Read everything that’s happened in the news so far today.
AI investment bankers show the threat to your business model
Having trained a chatbot to do the work of junior bankers, could OpenAI, with some assistance and deep pockets, potentially start its own investment bank?
Canva dismisses bubble fears after unveiling new AI model
The company unveiled a swath of artificial intelligence-powered products on Friday in its latest bid for market share ahead of its long-awaited Nasdaq listing.
Microsoft’s quarterly sales and profit surge
The software maker reported that its quarterly sales grew 18 per cent and that its profit in the September quarter increased by 22 per cent.
Nadella and Zuckerberg insist you keep faith in the AI boom
The US giants have unsuccessfully attempted to allay fears about an artificial intelligence bubble as the technology enters the era of “jagged intelligence”.
AI’s brutal equation is clear: More dollars mean bigger job cuts
As the artificial intelligence money-go-round fires up again – with OpenAI, PayPal, Microsoft and Nvidia deals – it once more raises the question of returns.