ASX-listed technology investor Bailador Technology Investments made a net profit after tax of $19.3 million, with two startups DASH and Updoc, leading the way The company (ASX:BTI) declared a final dividend declared of 3.6 cents per share fully-franked, for an annualised grossed-up yield of 8.1%. The portfolio return was 7.8% after all fees and tax.… Read more »
New York online health multinational Teladoc Health (NYSE: TDOC) has acquired Victorian healthtech startup Telecare, in the first exit for LaunchVic’s Alice Anderson Fund. The deal closed last Friday, August 8, with the terms undisclosed, but Teladoc Health said it’s expected to be immaterial to its 2025 financial results. Telecare developed Australia’s leading virtual care… Read more »
Big tech company hype sells generative artificial intelligence (AI) as intelligent, creative, desirable, inevitable, and about to radically reshape the future in many ways. Published by Oxford University Press, our new research on how generative AI depicts Australian themes directly challenges this perception. We found when generative AIs produce images of Australia and Australians, these… Read more »
Responses to the annual census of Australia’s startup ecoystem, Startup Muster close this Monday August 18. Survey founder Murray Hurps, that for the first time they have survey coordinators on the ground in every Australian state and territory to ensure the feedback is truly representative of what’s happening across the nation. “Startup Muster has been on… Read more »
Australian venture capital has long rested on a familiar promise – that backing a portfolio of young startups today will deliver returns to investors within roughly a decade. But the regularity of that rhythm is changing, stretching out by up to 1.5x longer as macro shifts and dynamics reshape the path to liquidity. The IPO… Read more »
An Australian built and operated cube satellite has won the SmallSat Mission of the Year award at the AIAA Small Satellite Mission of the Year Awards in Salt Lake City, USA. The Waratah Seed-1 – Australia’s first ‘rideshare’ satellite – launched 12 months ago and beat 10 rival finalists from global space experts includes NASA, the… Read more »
OpenAI claims that its new flagship model, GPT-5, marks “a significant step along the path to AGI” – that is, the artificial general intelligence that AI bosses and self-proclaimed experts often claim is around the corner. According to OpenAI’s own definition, AGI would be “a highly autonomous system that outperforms humans at most economically valuable… Read more »
Atlassian cofounder Scott Farquhar said he wouldn’t mind if others took the $60 billion tech company’s intellectual property without paying for it if it leads to better software. The Tech Council of Australia chair, who stepped down as Atlassian co-CEO last year, but remains on the board, has been advocating for changes to Australian copyright… Read more »
Picture this: It’s 2023 and I’m 26 hours into what would become Supernova, the world’s longest improvised piano concert. My mental and physical acuity is fading and the Gold Coast sun is beating down on the HOTA outdoor stage. But here’s the thing that blew everyone’s mind – when I needed those precious micro-breaks for… Read more »
American technology giants Apple and Google have engaged in anti-competitive conduct through their respective app stores in Australia, a Federal Court judge said, following a lengthy legal battle brought by entertainment company Epic Games. Justice Jonathan Beach’s findings, outlined in a 90-minute hearing in Melbourne, saw Epic Games granted a partial victory which cleared the… Read more »
Have you ever sat in a meeting where someone half your age casually mentions “prompting ChatGPT” or “running this through AI”, and felt a familiar knot in your stomach? You’re not alone. There’s a growing narrative that artificial intelligence (AI) is inherently ageist, that older workers will be disproportionately hit by job displacement and are… Read more »
The Queensland government has opened applications for its new $180.6 million Sovereign Industry Development Fund, which will invest in defence, biomedical and biofuels companies in the state. Deputy Premier and state development, infrastructure and planning minister Jarrod Bleijie, said the fund will collaborate on “strategic and catalytic partnerships that will accelerate development in our priority… Read more »
Trade marks weren’t the first item on the agenda for wireless charging tech platform NOA The Brand. But very quickly, it became a priority. Seven years ago, then-furniture designer Christel Hadiwibawa was developing a desk organiser when she realised it needed a wireless charging feature. But not just any wireless charging tech – something faster, stronger… Read more »
An AI-driven logistics platform powering millions of low-carbon deliveries for companies such as Australia Post’s StarTrack Courier has taken out the Startup World Cup Sydney pitch competition. The win earns cofounder Richard Savoie a trip to the Grand Finale in San Francisco where he’ll compete for US$1 million in investment this October. Hosted by Startup&Angels,… Read more »
A business management platform purpose-built for mid-market mining and engineering services companies has raised $3.5 million in a Seed round led by Sydney VC EVP. The funding for SprintSuite is for expansion across Australia’s mining industry and international markets such as North America, as the company capitalises on the accelerating digital transformation in the mining… Read more »
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