Billion-dollar losses but worth $2.9 trillion? The mind-boggling maths of AI

The Sydney Morning Herald - Sep 30, 2026

Anthropic’s IPO prospectus reveals it lost $US42 billion last year and is dangerously reliant on two big customers and its own rivals as it plans the biggest sharemarket float in history.

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One EV sold every 100 seconds: More electric cars to hit Australia’s roads

Sep 30, 2026

One EV sold every 100 seconds: More electric cars to hit Australia’s roads

Cheaper models and soaring fuel prices have supercharged Australia’s electric vehicle sales and triggered a decisive tipping point for the industry.

Housing, fuel drive higher inflation; banks fall, Northern Star gains

Sep 30, 2026

Housing, fuel drive higher inflation; banks fall, Northern Star gains

The Australian sharemarket opened little changed on Wednesday, as traders digest the RBA’s move to lift interest rates to a 15-year high.

Trump rejects AI laws after tech titans agree to ‘self-police’ AI development

Sep 29, 2026

Trump rejects AI laws after tech titans agree to ‘self-police’ AI development

The US president shot down the idea of new regulations for AI, but signed an accord with top tech executives setting a “morally binding” set of voluntary safety commitments.

Anthropic warns investors its AI could pose ‘existential risks to humanity’

Sep 29, 2026

Anthropic warns investors its AI could pose ‘existential risks to humanity’

In the prospectus for its $US2 trillion sharemarket float, the company uses 80 pages to outline its AI models’ dangers, including unpredictable behaviours such as attempts to “resist shutdown” and “conceal or manipulate information.”

Asking for free dental care is like pulling teeth. But we still need to do it

Sep 29, 2026

Asking for free dental care is like pulling teeth. But we still need to do it

I’m far from the only one delaying treatment. Like my wisdom tooth, though, the cost of keeping dental care unaffordable will probably only grow.

From fear to greed and back again: AI is taking Wall Street to extremes

Sep 29, 2026

From fear to greed and back again: AI is taking Wall Street to extremes

Artificial intelligence could wipe us all out. Or it might just kill our unwanted subscriptions. Those are the scenarios sharemarkets have swung between over the past two weeks.

ASX edges higher after RBA boss tempers Cup day rate hike fears

Sep 29, 2026

ASX edges higher after RBA boss tempers Cup day rate hike fears

The Australian market was initially down in the mid-afternoon, when the central bank flagged it was willing to inflict more pain on home owners if needed.

Rio2 gold ramp-up rebounds from Chilean winter blast

Sep 29, 2026

Rio2 gold ramp-up rebounds from Chilean winter blast

Rio2 Ltd has resumed gold production ramp-up at its Fenix Gold mine in Chile after winter storms halted progress, with commercial production still on track for the fourth quarter.

Critica surges after unveiling $1.4B tin-tungsten prize in Tasmania

Sep 29, 2026

Critica surges after unveiling $1.4B tin-tungsten prize in Tasmania

Critica Ltd surged after a scoping study at its Tasmanian tin-tungsten project delivered a $1.42B pre-tax NPV, 65% IRR and 1.9-year payback from a proposed underground mine.

TikTok and Meta ran hundreds of ads for illegal tobacco, vapes

Sep 29, 2026

TikTok and Meta ran hundreds of ads for illegal tobacco, vapes

The ads, many of which have since been pulled, helped to fuel a mammoth black market that has spawned firebombings and crime around the country.

Accelerate grabs full control of Pilbara manganese play

Sep 29, 2026

Accelerate grabs full control of Pilbara manganese play

Accelerate Resources has taken 100 per cent ownership of its Woodie Woodie North manganese project in WA, issuing shares to remove all future milestone payments and royalties.

Mortgage calculator: Here’s how much extra your repayments will be

Sep 29, 2026

Mortgage calculator: Here’s how much extra your repayments will be

The RBA has increased interest rates to 4.60 per cent. Use our calculator to see how much extra your mortgage repayments will be.

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