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    A sheep and cattle farm north of Auckland where the owner is planting trees to earn carbon credits.

    This investor is slimming down its stake in Blackstone-backed Xpansiv

    The carbon trading platform counts some heavyweight backers including the private equity giant and Macquarie. But Perennial is selling down its investment.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Customers at LaGuardia Airport in New York after a faulty CrowdStrike update caused a major internet outage for computers running Microsoft Windows.

    Global IT outage could take weeks to resolve, experts warn

    The only remedy for Windows users affected by the “blue screen of death” error involves rebooting the computer and manually deleting CrowdStrike’s botched file update.

    • Updated
    • Stephanie Stacey and Camilla Hodgson

    IT outage: ‘significant’ cost to Australian economy

    Australian companies and services are struggling with knock-on effects from an unprecedented global IT outage caused by a simple software update.

    • Updated
    • Savannah Meacham and Samantha Lock

    Global IT chaos triggered by software glitch eases slightly

    The impact of what’s being called the most spectacular IT failure the world has ever seen is expected to take at least several days to tally.

    • Updated
    • Tess Bennett, Paul Smith, Andrew Tillett and Tom Richardson

    What is CrowdStrike? The IT giant behind the global meltdown

    Flights were cancelled, broadcasters went off air, trains didn’t run and medical procedures were delayed around the world.

    • Kate Conger and Claire Moses

    PE-owned Netlogix hunts capital partner; calls in MacCap

    The Pencarrow Bridge Fund owns 51.6 per cent of Netlogix Group Holdings Limited, according to the New Zealand Companies Register.

    • Sarah Thompson, Kanika Sood and Emma Rapaport

    Opinion & Analysis

    When tech fails, it is usually with a whimper instead of a bang

    Forget artificial intelligence, disaster is as likely to creep in quietly – perhaps from a piece of technology so mundane that hardly anyone knows it exists.

    David Streitfeld and Kate Conger

    Contributor

    Digital paralysis shows the dangers of e-globalisation

    Globalisation may be slowing, but e-globalisation is still accelerating. It is essential that, as far as possible, its dangers are minimised.

    John Thornhill

    Contributor

    How Apple helped Samsung improve its sound

    Samsung has copped a lot of flak for making many of the same design decisions as its rival for its new earbuds. But, as users, we’re better off for it.

    John Davidson

    Columnist

    John Davidson

    ‘Declined to comment’: three words destroying millions in VC brand equity

    There has been plenty of hand-wringing over the “negative coverage” the tech industry has copped in the past couple of years, but operators should speak up.

    Jessy Wu

    Contributor

    Jessy Wu

    Technology reviews

    • Gadgets With John Davidson

    This foldable phone will make other people envy your selfies

    Samsung’s Galaxy Flip6 won’t just take great self-portraits, it will help you get to Instagrammable locations, too.

    • John Davidson

    How Apple helped Samsung improve its sound

    Samsung has copped a lot of flak for making many of the same design decisions as its rival for its new earbuds. But, as users, we’re better off for it.

    • John Davidson
    Advertisement

    Yesterday

    When tech fails, it is usually with a whimper instead of a bang

    Forget artificial intelligence, disaster is as likely to creep in quietly – perhaps from a piece of technology so mundane that hardly anyone knows it exists.

    • David Streitfeld and Kate Conger
    The digital paralysis rapidly spread around the world causing massive disruption at banks, airports, hospitals, television stations and many other organisations.

    Digital paralysis shows the dangers of e-globalisation

    Globalisation may be slowing, but e-globalisation is still accelerating. It is essential that, as far as possible, its dangers are minimised.

    • John Thornhill

    This Month

    Dicker Data’s David Dicker.

    David Dicker still hasn’t found what he’s looking for

    The tech hardware CEO and chairman lashed Australia’s mindset towards the wealthy.

    • Mark Di Stefano
    Employees at Melanie Perkins’ Canva are higher paid than tech staff elsewhere, but are increasingly unionised, according to Professionals Australia.

    Microsoft may have just become Canva’s most dangerous rival

    The world’s biggest software company has debuted an AI-powered design app, presenting Canva with a deep-pocketed rival.

    • Tess Bennett
    The children of parents who spend a lot of time on their own phones are found to spend 40 minutes more on their phones.

    I gave up my phone as an example to my teenagers – it was disastrous

    Before you ban your kids from using smartphones, ask yourself why.

    • Bethan Ryder
    Advertisement
    AirTree founder Jackie Vullinghs sit on Grow Inc’s board.

    Grow Inc raise upsized after strong demand; IPO on the horizon

    A handful of new technology-focused investors will also join Grow’s register alongside venture capital funds AirTree and Five V Capital.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Wing ground operations manager Semira Ragan and Australia operations manager Dave Ojiako-Pettit loading a drone with a parcel in Melbourne.

    Drone food delivery set to land in Melbourne’s east

    Lightweight, styrofoam drones will soon be flying over the city, delivering meals and packages to homes in Melbourne’s sprawling outer-eastern suburbs.

    • Tom Rabe
    Zip Co group chief executive Cynthia Scott.

    Zip Co in $267m raise to pay down debt; Goldies, UCP on ticket

    Fund manager sources said the placement is expected to price at about $1.52 a share, representing a 5.3 per cent discount to the last close.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Blackbird Ventures co-founder and partner Rick Baker.

    ‘Not good enough’: Blackbird admits its gender pledge has stalled

    Australia’s largest VC fund pledged to track data to support its rhetoric around investing in more women founders. Its first report shows it has gone backwards.

    • Tess Bennett
    Elmo Software co-founder and former CEO Danny Lessem.

    Elmo’s US owner tests buyer appetite, two years on from $486m buy

    K1 picked up ELMO at a time when interest rate hikes had punched the oxygen out of valuations for ASX-listed names.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Professionals need smarter, more effective tools to handle the deluge of data and documents they process daily.

    AI revolutionises business document management

    Recent advancements in AI have transformed everyday tools into sophisticated allies in boosting productivity and streamlining workflows.

    Sponsored 

    by Adobe

    HammerTech co-founders James Harris and Ben Leach, with Eric Ma from Riverwood, pictured in Melbourne.

    Construction start-up lands mega $105m deal

    Melbourne software company HammerTech has landed a $105 million investment from Californian private equity shop Riverwood Capital.

    • Tess Bennett

    This foldable phone will make other people envy your selfies

    Samsung’s Galaxy Flip6 won’t just take great self-portraits, it will help you get to Instagrammable locations, too.

    • John Davidson
    From left, Misha Saul, head of the opportunities fund, joins EVP’s principals Daniel Szekely, Justin Lipman and Howard Leibman

    Sydney VC raises $20m in four days for ‘evergreen’ fifth fund

    Early-stage software investor EVP’s fifth fund is targeting an underserved segment of the Australian capital market, and pulled in $20 million since last Thursday.

    • Tess Bennett

    How Microsoft’s Nadella became tech’s steely eyed AI gambler

    Risky bets on AI have become a habit for Satya Nadella, a 56-year-old engineer who came up through the ranks of Microsoft to become its CEO about a decade ago.

    • Karen Weise and Cade Metz
    Advertisement

    How Apple helped Samsung improve its sound

    Samsung has copped a lot of flak for making many of the same design decisions as its rival for its new earbuds. But, as users, we’re better off for it.

    • John Davidson

    Woolies, Harris Farm, Tesla chair, pile in to back biosecurity start-up

    ExoFlare has plans to build a global biosecurity tech firm, modelled on international cybersecurity players, and has big-name backers watching as it helps tackle bird flu.

    • Paul Smith
    Saying “no comment” removes any opportunity for a company to influence the narrative.

    ‘Declined to comment’: three words destroying millions in VC brand equity

    There has been plenty of hand-wringing over the “negative coverage” the tech industry has copped in the past couple of years, but operators should speak up.

    • Jessy Wu
    ASX CIO Tim Whiteley is attempting to deliver a raft of tech upgrades.

    ASX cuts back on overpaid tech contractors who were ‘taking the p---’

    The company’s tech boss is reducing reliance on contractors and consultants after insiders blew the whistle on temporary staff.

    • Paul Smith
    ASX CEO Helen Lofthouse, had to pull the pin on the CHESS upgrade early in her tenure.

    Regulator needed as ASX techies tinker with critical infrastructure

    The ASX has a glut of big tech upgrades to deliver, on top of its CHESS debacle ‘do-over’. If it stuffs them up, then everyone in the market suffers.

    • Paul Smith