It’s often been lamented that time is the one resource we can’t buy more of, and it’s for this reason that so many entrepreneurs and startup founders regard time as one of the most precious, and elusive, resources. But between actual client work, admin, marketing, new business and growth planning, the line between our personal… Read more »
Former Microsoft content safety director and journalist Shaun Davies has turned entrepreneur, launching The AI Training Company, in a bid to close the gap between AI intention and workplace execution. Davies said that while executives may be enthusiastic about the transformational prospects of AI, there’s a a lack of practical skills and clear governance that’s… Read more »
In 2018, my Australian co-worker asked me, “Hey, how are you going?”. My response – “I am taking a bus” – was met with a smirk. I had recently moved to Australia. Despite studying English for more than 20 years, it took me a while to familiarise myself with the Australian variety of the language.… Read more »
Australia’s consumer economy is booming but investors are still looking the other way. While capital chases SaaS and tech, a new generation of brand-led, margin-rich, culturally relevant businesses are scaling fast with billions flowing through beauty, wellness, fashion, food, and lifestyle. This is not speculation. It’s already happening. From blockbuster exits like Zimmermann and MCo… Read more »
Design platform Canva has revalued itself at $65 billion, up 14.5% on just six weeks ago, as employees look to sell their stakes in a secondary share sale. The confirmation from cofounder Cliff Obrecht came after news leaked earlier this week that VC investors Blackbird and Square Peg had increased the valuations to $US42 billion… Read more »
The Australian government is reportedly moving to dump plans for dedicated artificial intelligence legislation such as an AI Act, with the minister for innovation saying lawmakers are carefully creating “an Australian approach” for regulation of the technology. Prime Minister Anthony Albanese’s caucus has reportedly become split on the issue, and tensions have grown since the… Read more »
Australian workers are secretly using generative artificial intelligence (Gen AI) tools – without knowledge or approval from their boss, a new report shows. The “Our Gen AI Transition: Implications for Work and Skills” report from the federal government’s Jobs and Skills Australia points to several studies, showing between 21% to 27% of workers (particularly in… Read more »
ASX-listed Kogan.com has written off $46.3 million in goodwill from its $122 million acquisition of Kiwi online retailer Mighty Ape nearly five years ago. The announcement of the non-cash impairment comes ahead of next Monday’s FY25 results release. The value of goodwill associated with the acquisition was $46.3 million in June 2024. Mighty Ape’s focus… Read more »
Pet Circle cofounder Mike Frizell is stepping down as CEO after 15 years of leading the business and will replace Airtree’s Craig Blair as the company’s chair. Former Woolies ecommerce exec Alistair Venn, who joined the business as chief operating officer five months ago, will step into the CEO role Frizell cofounded Pet Circle in… Read more »
US expansion is an Australian startup’s dream. As a Californian expat and founder of a 24-week US-expansion Melbourne accelerator and Silicon Valley landing pad to prepare Australian startups for the jump, and support them once they’re there, I see the attraction. I’m not alone: 61% of Aussie startups said the US was top of their… Read more »
Original startup community hub Fishburners is revamping how it supports founders as it moves out of the Sydney Startup Hub, announcing new locations, plus several new products and programs to improve access to networking and connections. CEO Majella Campbell said the new Fishburners model comprises four key products, designed to bring founders together in specialised… Read more »
The annual Smart50 awards for fast-growing Australian businesses are back for 2025 with entries now open and even more award categories up for grabs. You have until September 12 to enter the Smart50 Awards, with this year’s program culminating in a special dinner event in Melbourne on November 13. The Smart50 awards, now in their… Read more »
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 »
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