This Month
‘Business spends bugger all’: what landmark R&D review aims to fix
Technology industry experts warn a new government review into the R&D system must not cut tax incentives, and must kick-start anaemic business investment.
Hackers steal the keys to Iress’ OneVue platform
Financial software provider Iress is investigating if any client data has been breached after discovering hackers stole a credential to gain access to its systems.
$100m Sydney fintech raises $34m to take on global rivals
Ellerston Capital has taken a stake in digital identity and verification player Data Zoo, in a deal that values the Sydney-founded business north of $100m.
R&D boost needed for Future Made in Australia plan to fly
Australian firms that develop innovative technologies say they are disincentivised to build their products in Australia and are calling for R&D incentive changes.
Investors question Life360’s Nasdaq dual-listing plans
Investors and analysts are concerned about how the San Francisco-based, ASX-listed app developer will fare in a crowded US public market.
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- Earnings season
Life360 reheats plans to target US investors with Nasdaq listing
The ASX-listed, San Francisco-based family-tracking app does not expect to raise more than $US100 million. It had considered a similar move in 2021.
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- Exclusive
- Quantum Computing
PsiQuantum in talks for bipartisan support but Coalition not swayed
PsiQuantum is confident of winning over sceptical politicians by highlighting its backing from both major parties in the US, where it has defence contracts.
Rich Listers sell tech firm Envato for $375m
It was once valued at more than $1 billion, but Cyan and Collis Ta’eed have sold their digital assets marketplace to New York-listed Shutterstock.
OECD warns sticky inflation means rates higher for longer
The warning came as CEOs deliver upbeat assessment of the economy and financial markets push out expectations for rate cuts to May or June 2025, potentially after the next federal election.
Rio Tinto chairman quiet on Anglo bid, eyes copper profits
Dominic Barton would not comment on whether the company was considering making a rival bid for Anglo American.
Judge in Lehrmann case slams Ten lawyer’s ‘misleading’ interviews
Justice Michael Lee criticises Ten’s lawyer as he determines how much Bruce Lehrmann should pay in costs; Albanese pledges almost $1 billion for domestic violence victims. Here’s how the day unfolded.
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April
‘Country mile ahead’: How PsiQuantum won a $1b investment
Chief scientist Cathy Foley said US-based PsiQuantum showed it was a “country mile” ahead of other Aussie companies in trying to build a world-first quantum computer.
- Exclusive
- Political lobbying
Former Afterpay policy exec named Tech Council CEO
Damian Kassabgi, a former adviser to prime ministers Kevin Rudd and Julia Gillard, is the new boss of the most prominent tech industry association.
- Exclusive
- Electric vehicles
Controversial SPAC listing hobbled Tritium
The charging company’s leaders were preparing for a potential collapse before Christmas as it failed to get state government cash.
What Forrest’s fight with Meta reveals about taking on big tech
After suffering a setback in Australian courts, the next bout of Andrew Forrest’s legal fight against Facebook owner Meta will take place in California next month.
Scott Farquhar to step down as Atlassian co-CEO
After more than two decades at the helm, the co-founder of the Nasdaq-listed software giant departs, leaving Mike Cannon-Brookes as sole charge.
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Musk courts top Sydney silk for eSafety fight
Elon Musk’s X is preparing for courtroom battle with the government over its take down order related to the Sydney church stabbing while NSW police make further arrests related to the attack.
Musk’s lawyers to fight X take-down orders on two fronts
The billionaire tech owner says Australia’s eSafety regulator is trying to control the internet for users around the world.
Social media giants ‘no longer fear reputation risks’
Tech policy advocates say the era of tech companies complying with local regulations to protect their reputation is over.
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- Social media
Court grants injunction forcing X to take down terror video
The eSafety commissioner won an emergency injunction in the Federal Court late Monday to force Elon Musk’s X to remove videos globally of last week’s Sydney terrorist attack. But the order has limited application.