Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statement
  • Advertisement

    Gain insights into the week’s biggest tech stories, deals and trends.

    Sign up to The Download newsletter.

    Sign Up Now

    Latest

    Kirsty Burrows is head of the sports safety unit at the International Olympics Committee. She says the terrible impact of online violence is now being aggrssively tackled with prosecutions.

    Olympics’ online trolls get taken down by AI

    Athletes have previously had to turn off their phones to avoid online abuse – this year artificial intelligence is helping to keep trolls at bay.

    • Paul Smith
    China accounts for 80 per cent of all global manufacturing capacity, but last year there was 315 gigawatt hours (GWh) of excess battery production.

    How the big bet on electric car gigafactories went badly wrong

    A glut of batteries is good news for anyone buying an electric vehicle, but it’s slowing development of the capacity needed in the future.

    • James Titcomb

    Coalition claims ‘$1 billion captain’s pick’ as PsiQuantum answers emerge

    New information reveals the Commonwealth engaged in a lengthy due diligence process before making a $1 billion bet on PsiQuantum.

    • Tess Bennett

    ‘Harder and harder’: Why Canva’s $370m AI bet said yes

    AI dollars can be “fleeting” and competing with big players can cost hundreds of millions, setting the scene for Leonardo’s sale to Canva.

    • Nick Bonyhady

    Australian venture capital firms face a battle for their future

    Venture capital firms are under pressure to secure funding, as superannuation funds re-evaluate their investment options.

    • Paul Smith

    Did Russia just sabotage our Samsung Watch Ultra?

    A series of strange results while testing Samsung’s latest smartwatch may have a surprising explanation.

    • John Davidson

    Opinion & Analysis

    Google is a monopolist, but the egg can’t be unscrambled

    The company paid tens of billions of dollars to become the world’s dominant search engine. Even Microsoft couldn’t compete.

    Nick Bonyhady

    Technology writer

    Nick Bonyhady

    It’s the battery life, stupid: Why we love Lenovo’s new laptop

    Microsoft’s Copilot+ PCs are supposed to be all about the new AI features. But until Recall arrives, all we care about is their fabulous battery life.

    John Davidson

    Columnist

    John Davidson

    The AI delusion says ‘we’re all going to get rich quick’

    That sum is the staggering gap between what tech companies are making from selling artificial intelligence and the likely costs of running it.

    Nick Bonyhady

    Technology writer

    Nick Bonyhady

    Microsoft’s $334b sell-off is a sign of healthy AI doubts

    Microsoft smashed analysts’ forecasts in the June quarter, but it still wasn’t enough to please a market that has bet too heavily on the AI revolution. 

    Chanticleer

    Columnist

    Chanticleer

    Technology reviews

    Did Russia just sabotage our Samsung Watch Ultra?

    A series of strange results while testing Samsung’s latest smartwatch may have a surprising explanation.

    • John Davidson

    It’s the battery life, stupid: Why we love Lenovo’s new laptop

    Microsoft’s Copilot+ PCs are supposed to be all about the new AI features. But until Recall arrives, all we care about is their fabulous battery life.

    • John Davidson
    Advertisement

    Yesterday

    Sundar Pichai, the chief executive of Alphabet – Google’s parent company –  was among tech bosses to testify.

    Google is a monopolist, but the egg can’t be unscrambled

    The company paid tens of billions of dollars to become the world’s dominant search engine. Even Microsoft couldn’t compete.

    • Nick Bonyhady

    This Month

    Startup hopstep is working with aged care providers like Arcare Aged Care, Mercy Health and Medical & Aged Care Group to recruit staff.

    Aged care execs seek seed capital for recruitment startup

    The hopstep recruitment platform for the aged care sector is hitting up venture capital and high-net-worth types to raise $3 million.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Two of Jason Hosking’s co-founders have departed after a wave of cost cuts.

    Blackbird, Tiger Global-backed start-up shares valued at zero

    Retail AI start-up Hivery has had to cut costs, staff and had two co-founders depart. Its biggest local investor has now written a stake down to $0.

    • Nick Bonyhady
    Robin Khuda’s AirTrunk sale is a veritable feast for investment bank bosses.

    Jefferies grabs a piece of AirTrunk’s $20b auction

    No doubt, AirTrunk should pad fee revenues for IB bosses for the December half, while burnishing the resumes of the bankers at the frontlines for years to come.

    • Sarah Thompson, Kanika Sood and Emma Rapaport

    It’s the battery life, stupid: Why we love Lenovo’s new laptop

    Microsoft’s Copilot+ PCs are supposed to be all about the new AI features. But until Recall arrives, all we care about is their fabulous battery life.

    • John Davidson
    Advertisement
    • Exclusive
    • AI
    Luke Anear, founder and CEO of SafetyCulture says

    This Aussie unicorn is paying millions for a chief AI officer. Should you?

    SafetyCulture is on the hunt for its first AI boss as companies scramble to find executives to help unlock billions of value from the hot technology.

    • Tess Bennett
    AirTrunk founder Robin Khuda has two bidders in the bag for the $20 billion-plus data centre business.

    Abu Dhabi fund flies into IFM consortium at AirTrunk’s $20b sale

    The most recent numbers in front of bidders show AirTrunk has punched through $1 billion in contracted EBITDA.

    • Sarah Thompson, Kanika Sood and Emma Rapaport

    Atlassian founders $3.8b poorer as market punishes revenue miss

    Slowing revenue growth has dampened Scott Farquhar’s final showing as co-CEO of Atlassian.

    • Tess Bennett

    Why this earnings season is the end of an era for Apple

    The AI era is upon Apple, and all of its tech peers, and the stories it tells its investors and customers about its products are about to change forever.

    • John Davidson
    The symbol for Intel appears on a screen at the Nasdaq MarketSite, on October 1, 2019 in New York. Intel Corp. Intel reports earnings on Thursday, August 1, 2024.

    Intel plans 15,000 job cuts after AI fumble

    The US chipmaker said it will also reduce capital spending as its turnaround strategy hits another setback.

    • Ian King
    Amazon founder Jeff Bezos handed over the reins of the company in 2021 and his successor Andy Jassy has been spending heavily on AI services.

    Amazon shares drop as AI costs spook market

    Like Microsoft earnings earlier in the week, Amazon investors are ignoring profits, and starting to worry about whether big AI investments will ever be recouped.

    • Spencer Soper

    You can get iPhones much cheaper in China, but they still sell better here

    As the tech industry obsesses about new AI features, sales of iPhones are still the core of Apple’s earnings reports.

    • Max A. Cherney and Aditya Soni
    Altium CEO Aram Mirkazemi came to Australia when he was 18 as a refugee from Iran. Now, he’s behind Australia’s biggest software deal.

    How an Iranian refugee landed Australia’s biggest software deal

    When Altium CEO Aram Mirkazemi landed at Hobart Airport as a refugee from Iran he had very little English, but six weeks later he was studying at university.

    • Yolanda Redrup
    Mark Zuckerberg has forecast his company’s AI assistant will soon be used by more people than any other.

    The AI delusion says ‘we’re all going to get rich quick’

    That sum is the staggering gap between what tech companies are making from selling artificial intelligence and the likely costs of running it.

    • Nick Bonyhady

    July

    Leonardo generated impressive looking images using AI. These were submitted by users to its forums following thematic prompts.

    Canva’s AI prize Leonardo traded for $320m, dividing VC industry

    The valuation has been so closely guarded some investors have refused to tell their own backers how much Canva paid for the start-up.

    • Nick Bonyhady
    Advertisement

    $9b Indian VC flies into bumper seed round for Aussie fintech Slice

    Slice is $7.5 million richer after ruling off an equity and debt round led by Peak XV Partners and Roadnight Capital.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Satya Nadella says AI demand is outstripping capacity.

    Microsoft’s $334b sell-off is a sign of healthy AI doubts

    Microsoft smashed analysts’ forecasts in the June quarter, but it still wasn’t enough to please a market that has bet too heavily on the AI revolution. 

    • James Thomson
    Leonardo.AI co-founder and CEO JJ Fiasson is pictured with Canva co-founders Cliff Obrecht and Melanie Perkins after the deal was sealed.

    It was called the ‘next Canva’, so Canva bought it

    Canva has acquired AI design start-up Leonardo.AI in a surprise deal worth over $120 million. The ACCC is taking notice.

    • Staff reporter
    The deployment of satellite solutions has transformed the delivery of  crucial services across the Cook Islands and plays a major role in social and economic development.

     How satellite connectivity is transforming the blue continent

    This year marks the 10th anniversary of SES providing low-latency connectivity to Vodafone Cook Islands via SES’s first generation of medium Earth orbit (MEO) constellation.

    Sponsored 

    by SES

    Eric Gao, founder and CEO of Boman Group is targeting $100m for a new fund.

    Rich Chinese investors join $1b hunt for Aussie VC funds

    A fund manager for rich Chinese investors is trying to raise $100m for venture capital investments, joining a crowd of operators trying to raise over $1 billion.

    • Yolanda Redrup and Paul Smith