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News
Anthropic asks to rent Meta’s compute, as chip stocks slide
1+ week, 2+ day ago (272+ words) Capital Brief Hereâs what happened overnight and what you need to know today Spare compute: Meta is in talks to lease computing power to Anthropic for two years in a deal worth up to USD10 billion, The New York Times…...
Nvidia drafts in neoclouds for ‘power battle’ with hyperscalers over AI supremacy
2+ week, 6+ day ago (271+ words) As local investors wait with bated breath for the market debuts of Firmus and Sharon AI, the burgeoning neocloud sector is entering a purple patch in the United States. While Wall Street has been getting behind the neocloud trade for…...
Google touts ‘full stack AI innovation’ over neocloud rivals in Australia
1+ mon, 3+ week ago (148+ words) Google is touting its prospective Australian data centre investment as “full stack AI innovation” backed by new enabling infrastructure, as it remains locked in negotiations with the federal government and chases hyperscale and neocloud rivals. Google vice president of global…...
Paid AI subscriptions surge 145% in 12 months: Westpac
1+ mon, 3+ week ago (243+ words) The news: Over 150,000 of Westpac’s retail customers are paying for one or more AI subscriptions each month, according to new data from March 2026 published by the bank. This is up from 11,000 customers paying for these services three years ago in…...
AI-enabled tax platform Byron secures $9m seed round led by Square Peg
1+ mon, 4+ week ago (221+ words) The news: AI-enabled tax platform Byron has completed a USD6.5 million ($9.1 million) seed round led by Square Peg, with participation from Sorenson Capital, Liquid2 Ventures and Correlation Ventures. The context: Founded by Perth-born Blaze O’Byrne, Byron is an AI agent platform designed…...
Ryan Stokes earmarks Boral sites for data centres as SGH eyes the AI boom
2+ mon, 5+ day ago (105+ words) SGH chief executive Ryan Stokes is drafting plans to reposition his $17 billion industrial conglomerate around the impending AI infrastructure boom — including repurposing land owned by its construction materials business Boral for data centres. “If you need a site, we’ve got…...
IREN shares lift after securing $4.7b AI cloud contract from Nvidia — Capital Brief
2+ mon, 2+ week ago (42+ words) IREN shares lifted after signing a USD3.4 billion ($4.7 billion) deal to provide AI cloud services to Nvidia over a five-year period. A separate Nvidia partnership grants the chipmaker a five-year right to buy USD2.1 billion worth of IREN shares....
‘Increasing demand for sovereign capability’: Capital flows to hardware as SaaS era fades
2+ mon, 4+ week ago (133+ words) Capital Brief Capital is back, but it is being spent on fewer companies, with greater conviction, and increasingly on ones building sovereign capability According to Cut Through Ventureâs Q1 report, Australian startups raised $1.8 billion in the first three months of…...
Microsoft’s $25 billion AI investment to expand cyber intelligence ties
3+ mon, 4+ day ago (513+ words) More news: Microsoft’s $25 billion investment in Australian AI infrastructure will expand its collaboration with the national cyber intelligence agency. The company confirmed its “largest-ever company investment” in Australia will be spread over three years, significantly widening its Azure AI supercomputer…...
IBM, Oracle hail ‘resilient’ on-premise compute despite AI data centre boom
3+ mon, 2+ week ago (146+ words) Capital Brief As Australian governments focus their attention on large-scale data centre projects as the key to capitalising on the AI investment boom, IBM is deepening its commitment to on-premise compute IBM managing director for Australia and New Zealand Nicholas…...