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Space Machines Company is setting up its satellite manufacturing in Western Sydney - Startup Daily
Bradfield, the site of the new Western Sydney airport, will become a manufacturing hub for space infrastructure such as satellites following a deal between the NSW government and local startup Space Machines Company. Space Machines Company will begin high-value manufacturing projects at the Advanced Manufacturing Readiness Facility’s (AMRF) this year, developing production capability to produce... Read more »
'Profitiness': Why Canva's 'profitable' right up until it has to file accounts with the government - Startup Daily
It’s just shy of 20 years since US political satirist Stephen Colbert coined the term ‘truthiness’. He described it as “something that seems like truth – the truth we want to exist”. In corporate circles, there’s a fiscal truthiness where everyone’s wealthy and successful right up until the moment they lodge tax filings with the... Read more »
OpenAI looks to set up shop in Sydney - Startup Daily
US artificial intelligence giant OpenAI, is looking to open a base in Sydney by the end of 2025. The company behind ChatGPT, now worth around A$750 billion, has been busy signing local deals over the past 12 months, including with UNSW and most recently, the Commonwealth Bank, as well as ramping up its lobbying efforts... Read more »