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News
Innovaero set for September 22 ASX debut after successful A$40 million IPO
4+ day, 2+ hour ago (357+ words) Innovaero is scheduled to list on the Australian Securities Exchange (ASX) on September 22 after completing a fully subscribed initial public offering (IPO) that raised A$40 million before costs to accelerate its sovereign defence and aerospace manufacturing ambitions. The Perth-based aerospace…...
Cavendish raises Concurrent Technologies target to 302p after record results | AIM:CNC
5+ day, 20+ hour ago (250+ words) Cavendish PLC (AIM:CAV) has raised its price target for Concurrent Technologies (AIM:CNC) to 302p from 256p after the embedded computing company reported record first-half results. The broker maintained its 'buy' rating on the AIM-listed company, whose shares it said now…...
Tech Bytes: Anthropic IPO could target US$2 trillion valuation as October launch takes shape
6+ day, 4+ hour ago (470+ words) Anthropic is moving closer to what could become one of the largest initial public offerings in history, with the Claude developer reportedly preparing to begin marketing its IPO from mid-October and investors discussing a valuation of around US$2 trillion. The…...
Tech Bytes: OpenAI’s next AI model crosses ‘Critical’ cybersecurity threshold
1+ week, 3+ day ago (442+ words) OpenAI's upcoming AI model Astra has crossed its highest cybersecurity capability threshold, becoming the first model the company believes can autonomously discover previously unknown vulnerabilities and develop ways to exploit them across hardened computer systems. The company has classified Astra…...
Uber to cut 3,300 jobs in overhaul targeting "autonomous future" | NYSE:UBER, XETRA:UT8
1+ week, 3+ day ago (285+ words) Uber Technologies Inc (NYSE:UBER, XETRA:UT8) is cutting about 3,300 jobs, or roughly 10% of its global workforce, as part of a restructuring aimed at reducing management layers and shifting spending toward its core ride-hailing, delivery and robotaxi businesses. CEO Dara Khosrowshahi…...
The Small Cap Wrap: Provaris Energy advances hydrogen tank commercialisation and more
1+ week, 4+ day ago (774+ words) Three new holes returned significant mineralisation, led by 5 metres at 3.21% copper equivalent (CuEq) from 137 metres in hole 26TUR005, comprising 2.96% copper and 0.31 g/t gold. Optiscan Imaging Ltd (ASX:OIL) has initiated a US-based head and neck cancer imaging study with Mayo…...
On the Chain: US banks embrace blockchain as BankChain Alliance targets 2027 launch
1+ week, 5+ day ago (557+ words) For years, US banks viewed stablecoins as a potential threat to deposits and the traditional payments system. Now, a large section of the banking industry is preparing to put blockchain technology at the heart of its own financial infrastructure. Thirty-nine…...
Tech Bytes: Meta smart glasses face Australian privacy reckoning
1+ week, 6+ day ago (389+ words) Meta’s push to make AI-powered smart glasses an everyday technology is running into growing resistance in Australia, where regulators are calling for tougher safeguards against covert recording. Australia’s eSafety Commissioner has urged manufacturers of camera-equipped smart glasses to automatically blur…...
Critical Resources Partners With CSIRO on DSD Scale-Up
2+ week, 2+ day ago (568+ words) Critical Resources managing director Tim Wither talked with Proactive about the company’s collaboration with CSIRO to optimise and scale its dry supersonic deposition (DSD) battery manufacturing technology. Wither said the CSIRO collaboration provides further validation of work already undertaken with…...
Traders bet Anthropic will ship next frontier model within weeks
2+ week, 4+ day ago (372+ words) Prediction market traders have sharply raised the odds that Anthropic releases its next Mythos-class model before the end of September, in a wager now carrying more than $233,000 of volume. Polymarket, the cryptocurrency-based prediction exchange, prices the probability of a release…...