Rayn Ong is the Taylor Swift of Australian venture capital. The Archangel Ventures partner has made more than 100 investments. A Startmate mentor, Blackbird limited partner and poker shark, Ong works with angel investors and venture fund mangers to co-invest in 1st and 2nd rounds for early stage tech startups. His fans, known as Ongies,… Read more »
ChatGPT has repeatedly made headlines since its release late last year, with various scholars and professionals exploring its potential applications in both work and education settings. However, one area receiving less attention is the tool’s usefulness as a conversationalist and – dare we say – as a potential friend. Some chatbots have left an unsettling… Read more »
Semiconductors are the basic building blocks of microchips. These technological marvels are in everything from lightbulbs and toothbrushes to cars, trains and planes, not to mention the vast array of electronics that have become integral to many people’s daily lives. The 21st century chip manufacturing industry has been described as “at least as significant geopolitically… Read more »
Investor Rayn Ong pointed out recently that “VCs (and angels) say no to 95% of the founders they meet with”. That’s ignoring the many more no responses over emails and even DMs (from some brave founders). As anyone in startup land will attest, the no comes in many forms. There is of course the quick,… Read more »
Why are musicians so keen to get played on the radio? It can’t be because of the money. In Australia they are paid at rates so low they come close to making streaming services look generous. By law, no radio station can be made to pay more than 1% of the station’s gross revenue for… Read more »
Carmakers including Kia, Subaru, Mitsubishi and General Motors are providing details of owners’ driving behaviour to insurance companies, leading many drivers to report surges in car insurance premiums despite industry claims that the transmitted data (‘telematics’) helps good drivers pay less. The revelations have stoked a PR firestorm after the New York Times related the experiences of… Read more »
Fred again.., one of electronic music’s hottest artists, secretly arrived in Australia on February 27. In true Fred again.. fashion, that very same day, he announced a raft of shows in arena-sized venues across Sydney, Melbourne, and the Gold Coast. According to multiple sources, this amounts to over 100,000 tickets for shows in the coming… Read more »
A new nationally representative survey has revealed Australians are deeply concerned about the risks posed by artificial intelligence (AI). They want the government to take stronger action to ensure its safe development and use. We conducted the survey in early 2024 and found 80% of Australians believe preventing catastrophic risks from advanced AI systems should… Read more »
The theme for International Women’s Day this year is ‘Count Her In: Invest in Women. Accelerate Progress.’ For women in startups, venture capital investment in them is already a hot topic, with female founders receiving 4% of the $3.5 billion in capital deployed in 2023. That’s a literal invest in women and still has a… Read more »
There’s no I in team, the saying goes, and according to Atlassian’s gender gap pay figures, no W either. The difference between base salaries for men and women at the software company, reported to the federal government’s Workplace Gender Equality Agency (WGEA) report, released this week, show the blokes are paid 17.4% more as a… Read more »
Cyber-skulduggery is becoming the bane of modern life. Australia’s prime minister has called it a “scourge”, and he is correct. In 2022–23, nearly 94,000 cyber crimes were reported in Australia, up 23% on the previous year. In the latest high-profile attack, around 15,000 customers of alcohol retailer Dan Murphy, Mexican restaurant chain Guzman y Gomez,… Read more »
Startup founders need to think about how to integrate artificial intelligence (AI) into their business with care and attention to potential risks in order to attract investors, a leading VC says. But a fear of those risks and regulation shouldn’t cause a “paralysis moment” that stop innovation, says Lee Hickin, the AI technology policy lead… Read more »
Sam Altman, chief executive of ChatGPT-maker OpenAI, is reportedly trying to find up to US$7 trillion of investment to manufacture the enormous volumes of computer chips he believes the world needs to run artificial intelligence (AI) systems. Altman also recently said the world will need more energy in the AI-saturated future he envisions – so… Read more »
Advocates believe a perfect storm of competition concerns, new fuel efficiency standards and the axing of archaic parallel-import restrictions could provide “achievable change” that boosts the supply of electric vehicles (EVs) and slashes their prices by around $9,000. That’s the amount Australians are overpaying for EVs, former ACCC chair Allan Fels concluded in a recent analysis of price… Read more »
A slew of recent media reports from around the world have confirmed what we and many of our friends and family have known for a very long time as immigrants to a predominantly white and western country: there is a “built in” penalty for being brown and from somewhere else when it comes to banking.… Read more »
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