Treasurer Jim Chalmers on Tuesday will give the diverse collection of participants at the economic roundtable their riding instructions, as he seeks to wring as much substance as possible out of the meeting. The success or otherwise of the three-day summit will reflect on Chalmers, who will not only lead it but has driven the… Read more »
Sunshine Coast-based laundry solution The Laundry Lady, has ended 13 years of bootstrapping to raise $1 million in Seed funding for international expansion. The round was led by Brisbane investor and Techniche chair Karl Jacoby with support from Brisbane Angels, AngelLoop, AI ethicist Dr Catriona Wallace, and several local angel investors. The Queensland government’s Female… Read more »
Competition watchdog the ACCC has struck a deal with Google over anti-competitive behaviour in a deal with Telstra and Optus to pre-instal Google Search on Android mobile phones, agreeing to a $55 million penalty. The deal now needs to be ratified by the Federal Court, which will decide if the penalty is appropriate. Google co-operated… Read more »
AI has dramatically altered tech roles over the past few years, and like it or not, there’s no going back. But while startups are eager to lean into AI tools for faster, cheaper solutions, there’s a hidden risk emerging in the rush to automate junior roles: startups might inadvertently hollow out their future leadership pipelines.… Read more »
Melbourne scaleup CyberCX is potentially a unicorn following plans by professional services giant Accenture to acquire the six-year-old cybersecurity platform in a $1 billion-plus deal. CyberCX was founded in 2019 by former Optus Business boss John Paitaridis and Alastair MacGibbon, the former Australian government cyber security tsar. It was created from the merger of a dozen smaller… Read more »
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 »
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 »
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 »
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 »
The Commonwealth Bank of Australia made headlines when it announced recently that it would cut 45 call centre jobs, thanks to the introduction of an AI chatbot. This only added fuel to ongoing speculation – and some alarmism – about how artificial intelligence (AI) is going to transform the world of work in Australia. But… Read more »
A semiconductor technology startup that’s developed a new way to print chips for artificial intelligence has raised $8.8 million in pre-Series A funding. The raise for ANU spin-out Syenta was led by Investible, with support from existing backers Blackbird Ventures, Jelix Ventures and Brindabella Capital, as well as new investors In-Q-Tel, SGInnovate, OIF, Salus and… Read more »
Quarterly revenue of US$1,384m, up 22% Quarterly subscription revenue of $1,313m, up 23% Quarterly operating loss of $28.5m Atlassian president departs Atlassian generated US$5.2 billion in revenue in the 2025 financial year, up 20% on 12 months ago, but two decades of annual losses continue as the business heads into its 24th year. Releasing stronger-than-expected… Read more »
An Australian delegation back trade mission to the Tianjin Economic-Technological Development Area (TEDA) – the northeast port region closest to Beijing – has given new momentum in Australia–China trade relations and bilateral collaboration, according to its host, Melbourne investment firm Boman Group. The visit came as Boman looks to secure $1 billion in commitments from… Read more »
When Bronte Campbell stepped up to the blocks at her first Olympics in 2012, she was just 18. What followed was more than a decade on the world stage: a four-time Olympian, triple Olympic gold medallist, and World Champion in the 50m and 100m freestyle. But the most remarkable part of her story isn’t what… Read more »
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