This Month
Xero’s $4b Melio acquisition weighs down investors despite profit jump
The company’s chief executive Sukhinder Singh Cassidy says she is confident the massive acquisition will transform the accounting software business.
Did somebody say Menulog is closing? Platform calls time in Australia
The Australian-born food delivery service became known for its expensive ads featuring celebrities including Katy Perry and Snoop Dogg.
Labor to launch ChatGPT-style app in major government AI push
Huge swathes of data will be allowed on artificial intelligence platforms in a push to turbocharge the technology’s use in the public service.
Medical appointments platform HealthEngine checks PE’s pulse
It was last spotted chasing an ASX listing via Bell Potter and RBC Capital markets in late 2021.
StrongRoom founder fronts court to explain start-up’s disastrous deal
Max Mito ran the pharmacy software platform before it collapsed because of alleged fraud earlier this year. The court heard it had failed to pay tax for years.
Small-cap mafia takes a piece of AI rocket Megaport
You have to be sceptical of any AI-related deal struck in this market. But at least Megaport’s CEO was talking sense.
Link Group submits bid for challenger super administration biz Grow
Should Link succeed, it would be as good as guaranteed to never lose a superannuation fund client again.
Refund requests flood Microsoft after tricking users into AI upgrades
The software company wrote to Australian customers to apologise for a lack of transparency when it increased fees for Office plans by up to 45 per cent.
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.
SafetyCulture boss spruiks AI ‘rocket fuel’ after $49m loss
One of Australia’s biggest private tech firms says losses are needed to spend on international marketing, and investing in new artificial intelligence capabilities.
Power of One: Potentia Capital’s Andy Gray rules off first close
It seems all can be forgiven as long as there’s a sizeable cheque at the end — at least in PE land.
Why Canva’s new AI announcements should make rivals nervous
Canva seems to be thinking about AI differently than many big tech companies, and it looks like they’re coming for Microsoft’s lunch.
Australian boards caught up in global hack after portal breach
US board portal Diligent wrote to a number of Australian directors last week to advise that their data may have been stolen.
October
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.
Pharmacists back first StrongRoom AI raise under new ownership
The start-up added $1.2 million to its coffers after receiving support from a number of wealthy individual pharmacy owners.
Nvidia CEO’s embrace of America First is total – but there’s a catch
Jensen Huang is on board with Trump’s agenda to re-industrialise the US, but his company’s chips power an AI revolution that might kill new factory jobs.
AirTrunk inks $4.5b Saudi data centre deal, plans more expansion
AirTrunk will build data centres in Saudi Arabia in a deal with an AI start-up owned by the Middle East nation’s sovereign wealth fund.
Adobe ups the ante in Canva battle with ‘copyright-safe’ AI features
The design giant says new AI products and a partnership with YouTube will give it a strategic edge over competitors, including the Australian tech star.
Freeze accounts, dob in under 16s: Big tech plans for social media ban
Platforms prepare to enforce Australia’s world-first child prohibition law by deactivating profiles and searching for signs users have lied about their age.