Today
The winners and losers in the federal budget
Green business, public servants, renters and taxpayers are budget winners while consultants, the Reserve Bank and tax cheats do poorly.
PsiQuantum deal will cost almost $30m just to check it works
But most of the details of the government’s marquee bet on the potentially powerful technology have been kept secret in the budget.
Judge rebukes ‘clear case’ of government overreach on stabbing video
A Federal Court judge said a global ban would not be a “reasonable” step and would likely be ignored by other countries.
Yesterday
Musk triumphs over Australian government on stabbing videos
The ruling raises questions about whether the eSafety Commission has sufficient powers to do its job or if it bungled its case against Elon Musk’s X.
ARN throws a Hail Mary to revive collapsed radio merger
Takeover target SCA gave a dim view of the revised plan, which doesn’t include private equity firm Anchorage Capital.
This Month
15 minutes to get around X’s stabbing video ban, court hears
Lawyers for the social network argued that they had complied with a government take-down notice, which they said was invalid, by blocking footage in Australia.
- Investigation
- Rich List
For this Rich Lister, does the reality live up to the hype?
Property mogul and entrepreneur Shaun Bonett has a fortune of more than $2 billion, according to the Rich List. Those valuations might not live up to the hype.
- Analysis
- The Breakdown
Tesla slashes jobs in Australian charging team
The company’s global cuts have come to Australia, with staff laid off and at least one charger location cancelled.
42-year-old Sydney tech company saved with $150m price drop
Casa Systems bought NetComm for $161 million in 2019. Five years later another US company is buying it out of administration for just $US7 million.
Left has abandoned free speech: Singer
The Australian philosopher says: “What used to be things that were generally accepted by people on the progressive side of politics have shifted – and freedom of speech is a basic example.”
April
Labor’s bold $1b bet on Aussie quantum start-up
Australia will invest $940 million in Silicon Valley start-up PsiQuantum in a major bet that it will build the world’s first commercially useful quantum computer.
Snapchat going backwards in Australia
Elon Musk’s takeover crushed Twitter, but Snap is still a fraction of the size of the dominant Meta-Google online advertising machine.
- Exclusive
- Venture capital
VCs are banking on Canva staff cash, but they’re buying houses instead
While most staff say they plan to put the money towards real estate, an investing program just for Canva staff already has the interest of more than 100 people.
- Exclusive
- Social media
TikTok Australia makes its first stand after US ban laws pass
The US congress passed a bill on Wednesday requiring TikTok to be sold within a year or be banned in the country.
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.
- Exclusive
- AI
Business is about to get a say on AI rules
The government plans to announce a revamped expert group to shape its thinking on the pivotal new technology around the time of the May budget.
- Analysis
- Elon Musk
Two things could bring Elon Musk to heel on free speech
The billionaire has bowed to two things overseas: threats of jail for employees and wholesale throttling or blocking of X itself.
- Analysis
- Tech Observed
How much has Canva made Blackbird’s partners? Hundreds of millions
Publicly disclosed share sales and industry estimates suggest the fund’s partners are deep in yacht money, and they deserve to be.
- Updated
- 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.
- Exclusive
- Start-ups
Kyrgios, Smith-backed fantasy football start-up valued at $0
The company has laid off staff and had a co-founder depart, but is hoping to grow with more humans in its AI-driven fantasy football product.
