Capital Brief — Business news and politics for the new economy
WEBPsiQuantum will 'need more money' to finish Brisbane supercomputer. Capital Brief covers business and politics news for those shaping the new Australian economy: founders and executives who need capital to grow their businesses, the people who help them get it, investors who allocate it, and decision makers in the federal capital, Canberra.
Finance and markets - Capital Brief
WEB4 days ago · The latest finance and markets news from Capital Brief, including banking, deals, ESG, funds management, investment banking, infrastructure, markets, private equity, professional services and venture capital coverage.
Supply vs demand — Capital Brief
WEB5 hours ago · Supply vs demand. Labor’s bills to improve housing supply are still stuck in the Senate as parliament returns. But internal government briefs show growing pressure to address the demand side of the crisis. Jennifer Duke and Anthony Galloway 3 minutes ago. Anthony Albanese and Jim Chalmers are alive to the pressure to do something on the ...
Latest - Capital Brief
WEBOrigin Energy quits hydrogen. 3 October 2024. Next page. Business news including Google threatens to scrap New Zealand publisher deals over planned ‘link tax’, Albanese seeks state input on kids’ social media ban, Albo's worlds collide.
Dow ends at record high after jobs data — Capital Brief
WEB1 day ago · The news: The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain as a stronger-than-expected jobs report reassured investors who had worried the US economy may be getting too weak. The numbers: Among the main indexes: the Dow Jones rose 0.81%, the S&P 500 gained 0.90%, while the Nasdaq added 1.22%. US nonfarm payrolls showed the economy added 254,000 jobs ...
US jobs report surprise shifts Fed cut odds — Capital Brief
WEB1 day ago · The data moved bets on Fed funds futures sharply towards a 25-basis-point cut in November, down almost 10 basis points from before the report, according to Bloomberg. It also pushed US shares higher, with the Dow Jones Industrial Average rising 0.81% to close at a new record high. The numbers exceeded the 140,000 jobs forecast by …
US jobs boom shakes rate cut bets — Capital Brief
WEB1 day ago · The news: US employers added 254,000 jobs in September, significantly beating expectations and showing resilience in the economy, data released by the US Bureau of Labor Statistics on Friday showed. The numbers: The numbers exceeded the 140,000 jobs forecast by economists surveyed by Reuters and were higher than the revised figure of 159,000 jobs added in August.
Technology and startups - Capital Brief
WEBThe lines between equity, secondary sales and debt are blurring, sparking debate on capital disclosure and transparency in the tech ecosystem. The latest technology news from Capital Brief, including artificial intelligence (AI), big tech, consumer tech, cybersecurity, enterprise tech, venture capital and startup coverage.
OpenAI closes record US$6.6b raising, hits US$157b valuation
WEB5 days ago · The news: OpenAI completed its US$6.6 billion ($9.59 billion) funding round, in the largest VC deal ever, nearly doubling its valuation in just months to become one of the three largest venture-backed startups alongside SpaceX and ByteDance. The numbers: The deal values the company behind ChatGPT at US$157 billion, post-investment, up from a US$86 billion valuation in a tender offer to ...
OpenAI gets $5.8b credit line, full liquidity to 'scale'
WEB4 days ago · The news: OpenAI secured a US$4 billion ($5.84 billion) revolving credit line on top of its just completed US$6.6 billion equity fundraising, giving the ChatGPT creator liquidity to fund new initiatives and “operate with full agility as we scale,” the company said Thursday. The numbers: The new financing was announced just a day after closing its record fundraising, with several banks ...