Daniel Van Boom

Backed by Nvidia and Blackstone, the “AI factory” developer had planned a historic ASX listing. But Firmus' IPO fell over days after it opened its book to investors. What went wrong?

Around 1,500 roles will go by the end of the year, NAB said on Tuesday. The 2,500 to be cut by the end of the 2027 financial year represent 6 per cent of the bank's total workforce.

Around 1,500 roles will go by the end of the year, NAB said on Tuesday, with up to another 1,000 by the end of the financial year.

The AI titan told a Joint Parliamentary Committee that it could be open to paying a fee to a fund for Australian creatives as compensation for using local content to train models.

Loong Wang's Metal is a Melbourne-San Francisco startup that raised a huge $37 million seed round. The startup was incubated by Airwallex founder Jack Zhang himself, and the fintech unicorn is its biggest backer.

Canva has debuted its first foundation model, called Craft, which competes with image generation tools from OpenAI, Google and others.

AI-native startups are growing their annual revenue 240 per cent faster than non-AI peers. But there is evidence AI is concentrating success rather than spreading it.

While NextDC reels from a costly delay to a flagship campus, Robin Khuda's AirTrunk has secured a fresh batch of billions.

Airtree has pumped $5 million into Adelaide's Metacognition, bringing the AI startup's pre-seed round to a huge $15 million.

Australian, Nasdaq-listed neocloud Sharon AI is hiring staff and looking to raise capital for a data centre campus in regional New South Wales, to be delivered by a mysterious “affiliated venture.”