Author: Justin Hendry

ASCA issues undersea navigation challenge to deep techs

Posted on   |  by Justin Hendry
The Defence department is seeking industry proposals for an Australian-built undersea navigation system to guide autonomous underwater vehicles through deep ocean waters without GPS assistance. The Advanced Strategic Capabilities...

Nvidia to invest up to US$100bn in OpenAI

Posted on   |  by Deepa Seetharaman and Akash Sriram
Nvidia will invest up to US$100 billion in OpenAI and supply it with data centre chips, the companies said on Monday, marking a tie-up between two of the highest-profile...

PsiQuantum deal cleared despite market testing gaps

Posted on   |  by Justin Hendry
A review of the federal government’s PsiQuantum investment has cleared the $940 million deal but exposed concerns about a market testing process that critics argue was reverse engineered to...

Breakthrough Victoria gets behind Harvest B

Posted on   |  by Justin Hendry
Breakthrough Victoria has followed the federal government’s lead and taken a $2 million stake in Harvest B, the country’s first plant-based protein ingredient manufacturer. Founded by Kristi Riordan and...

OpenAI wins Microsoft support for for-profit pivot

Posted on   |  by Krystal Hu and Stephen Nellis
Microsoft and OpenAI have signed a non-binding deal for new relationship terms that would allow OpenAI to proceed to restructure itself into a for-profit company, marking a new phase...