Canva enters AI arms race
The start-up darling says its new features – five years in the making – will avoid the gaffes and misinformation that have plagued products such as ChatGPT.
The start-up darling says its new features – five years in the making – will avoid the gaffes and misinformation that have plagued products such as ChatGPT.
Australia’s youngest billionaire – who rarely posts on social media – has shared a rare slice of her private life after a major change.
Mining magnates and property barons are still doing well on The List, but technology titans like Mike Cannon-Brookes and Melanie Perkins are the big losers this year.
Melanie Perkins has spoken publicly for the first time about becoming a parent, after she welcomed a baby with co-founder Cliff Obrecht amid one of the most challenging years in business.
Australian tech darling Canva has unveiled its latest Melbourne campus, just weeks after it announced new products in the higher education market.
Venture capital giant Blackbird Ventures has led an investment round into Tasmanian fintech start-up Sumday, with billionaire Cameron Adams also backing the software company.
A Sydney start-up building an AI product it says will revolutionise company and team performance coaching secures $5m from several major investors.
Social media will face a reset in 2023, boosted by newly laid-off workers from Meta and Twitter who are looking to build more ‘authentic’ platforms, says Bill Tai.
Australia has a rich and proven track record in pioneering media technology which includes gaming, animation, virtual reality and digital art.
Most recently valued at more than $2bn, SafetyCulture’s losses have tripled but its founder says his company is still on track to be the next Atlassian or Canva.
The nation’s biggest super funds are backing the Canva investor, despite a ‘tech wreck’ that is slashing valuations and forcing lay-offs across the sector.
Tech veteran Paul Bassat says the carnage tearing through Australia’s start-up sector is providing new opportunities for investment, and he’s putting his money where his mouth is.
SunDrive, the start-up hoping to replace silver elements in solar cells with cheaper copper, has drawn the support of heavyweight investors as it raises $21m.
The fastest Australian start-up to hit a billion-dollar valuation is set to expand its global reach after a fresh funding round that has seen it achieve what Canva was not able to do this year.
The software company is likely to overhaul its new building and could make it a new headquarters as it looks to dramatically step up its operations.
Mike Cannon-Brookes and Canva billionaire Cameron Adams are backing this start-up aiming to get thousands more electric vehicles onto Australian roads.
Canva, one of Australia’s rare unicorn tech companies, is also one of the most sought-after employers, dealing with about 300,000 job applications each year.
Virtual Gaming Worlds was only established 12 years ago, but is now the sixth-biggest private company in Australia, ahead of big names like Linfox, Chemist Warehouse and Spotlight. See the list.
Analysts say Adobe is being squeezed in the market by Australian tech darling Canva, and this acquisition is out of ‘need and not opportunity’.
Having a $1bn in the bank is a good start.
Original URL: https://www.theaustralian.com.au/topics/cliff-obrecht/page/4