Business - The Oz Post

Anthropic Files Confidentially for IPO Amid AI Race

Anthropic, the AI firm behind Claude chatbot, has confidentially filed for an IPO on the US stock market, with a valuation of $965 billion, leapfrogging OpenAI as the world's most valuable startup.

11:48

Billionaire Wealth Surges $50k/Minute; Reynolds Repays

Australia's billionaires gained $25.67bn in a year, Reynolds repaid $8,800 in expenses, and a new cancer drug shows promise. Plus: Barnaby Joyce headlines anti-abortion rally.

12:22

UK Green Economy Worth Over £100bn a Year, Research Finds

UK Green Economy Worth Over £100bn Annually

The UK's net zero economy is valued at over £100bn annually, supporting more than a million jobs with higher wages, according to CBI Economics research commissioned by the ECIU.

11:47

Minimum wage workers to get 4.75% pay rise from July

Minimum wage to rise 4.75% from July

About 3 million Australian workers will receive a pay rise after the Fair Work Commission's annual review, with the lowest paid getting a 6% increase from July.

12:07

This Free Telegram App Replaces Your Messy Shopping Notes

Shared lists with real-time sync. No signup needed — just open and shop together.

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BP Backs Blanc to Lead Chair Search Despite Investor Doubts

BP Backs Blanc for Chair Search Despite Investor Concerns

BP has reaffirmed support for Amanda Blanc to lead the search for a new chair after Albert Manifold's abrupt departure, despite shareholder concerns over her role in the process.

11:44

Democrats Slam Trump Plan to Allow Crypto in 401(k) Retirement Accounts

Dems Oppose Crypto in 401(k) Plans Citing Risk

Congressional Democrats oppose a Trump administration proposal to allow 401(k) investments in crypto, private credit, and private equity, warning it exposes workers to extreme volatility and higher fees.

12:00

Alphabet Plans Record $80bn Equity Raise for AI Infrastructure

Alphabet Plans $80bn Equity Raise for AI Infrastructure

Alphabet announces plans to raise up to $80bn in equity, partly to fund AI infrastructure, in one of the largest equity raisings ever. The move includes a $10bn share sale to Berkshire Hathaway.

11:57

Alphabet Raises $80bn in Stock to Fund AI Infrastructure Spending

Alphabet Raises $80bn in Stock for AI Spending

Alphabet plans to raise up to $80bn in equity to fund AI infrastructure, including a $10bn share sale to Berkshire Hathaway. The move highlights the massive capital demands of the AI boom.

11:37