News
Barrenjoey kicks off investor meetings for NextDC’s $500m bond
9+ hour, 41+ min ago (98+ words) Barrenjoey kicks off investor meetings for NextDC's $500m bond'AFR Craig Scroggie's NextDC hopes to weasel its way into credit rating agencies' good books as part of its quest to find the billions it needs to build data centres. OpenAI chief strategy…...
Worst case for Macquarie’s software exposure is almost a $1b wipeout
22+ hour, 11+ min ago (61+ words) Worst case for Macquarie's software exposure is almost a $1b wipeout'AFR Macquarie Group's corporate advisory, capital markets and principal investment division could potentially face up to $1 billion in losses because of its exposure to software companies. Fears about the threat that…...
Atlassian slashes 1600 jobs as AI challenges its future
18+ hour, 26+ min ago (78+ words) Atlassian slashes 1600 jobs as AI challenges its future'AFR Atlassian says artificial intelligence will allow it to cut at least one in 10 jobs and redirect the money into developing its workplace collaboration platform as it recalibrates after a significant drop in…...
Top CVC Capital Partners deal maker to resign for new AI gig
1+ day, 10+ hour ago (41+ words) Top CVC Capital Partners deal maker to resign for new AI gig'AFR CVC Capital Partners senior managing director Boris Dangubic is leaving deal making behind for a shot at the AI data centres gold rush. Boris Dangubic ofCVC Capital Partners....
Anthropic’s bet tests whether we will embrace AI or regulate it away
1+ day, 7+ hour ago (118+ words) Anthropic's bet tests whether we will embrace AI or regulate it away'AFR Gift 5 articles to anyone you choose each month when you subscribe. The most obvious sovereign capability question that arises from the Iran war is the adequacy of the…...
Coal, gas, uranium can make Australia an ‘AI safe haven’, says Hastie
1+ day, 22+ hour ago (186+ words) Coal, gas, uranium can make Australia an "AI safe haven, says Hastie'AFR Australia should use electricity from coal, gas and uranium, not renewables, to power artificial intelligence and advanced robotics, and wield its vast land resources to attract data centre…...
Nationals elect new leader; AI giant launches in Australia; Asia nears breaking point with oil shock
1+ day, 15+ hour ago (73+ words) Nationals elect new leader; AI giant launches in Australia; Asia nears breaking point with oil shock'AFR In today's news, Matt Canavan is elected the new leader of the Nationals, AI giant Anthropic confirms its Australian launch, and Asia nears breaking…...
National Reconstruction Fund pumps $200m into Macquarie Technology
1+ day, 12+ hour ago (80+ words) National Reconstruction Fund pumps $200m into Macquarie Technology'AFR A federal government investment fund will pump $200 million into ASX-listed cloud, cybersecurity and telecommunications company Macquarie Technology Group to help keep Australian data onshore and create jobs in technology and artificial intelligence. The…...
Why Airtree is betting on the end of the junior law firm associate
1+ day, 12+ hour ago (91+ words) Why Airtree is betting on the end of the junior law firm associate'AFR The changes taking place inside big law groups have spawned a new breed of software providers, now locked in an arms race over artificial intelligence. It's shaky…...
Amazon to build $750m robotic warehouse in Qld
1+ day, 12+ hour ago (75+ words) Amazon to build $750m robotic warehouse in Qld'AFR Amazon will invest more than $750 million to build Queensland's first robotics hub in Logan, south of Brisbane, as the race for ultra-fast deliveries of everything from pantry staples to beauty products heats up....