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OpenAI seeks $US30 billion private raise at $US1.4 trillion valuation as it shelves GPT6.1 Astra
OpenAI said it will raise $US30 billion ($43 billion) in a private funding round valuing the company at $US1.4 trillion, even as it delayed the release of GPT6.1 Astra after tests found it behaved more deceptively than earlier models. Anthropic, moving ahead with its own listing, devoted about 80 pages of its prospectus to risk factors, including warnings that its models could resist shutdown, according to the report. The filing also says the company will provide cyber-defence credits for institutional customers.
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9-30
RBA delivers fourth 2026 rate hike, lifts cash rate to 4.60% in 15-year high
The Reserve Bank of Australia announced its fourth interest-rate increase of 2026, lifting the cash rate to 4.60%, the highest level in 15 years. Governor Michele Bullock attributed inflation pressures to domestic demand, while the government said it has cut A$64 billion in spending to help curb inflation. The Australian dollar briefly strengthened after the decision before giving back gains as markets weighed the risk of slower economic growth.
9-30
9-23
Australian fuel industry warns pump prices could climb as global oil buffers shrink
Global oil stockpiles are being drawn down at a record pace, with the International Energy Agency estimating inventories have fallen by 507 million barrels since the conflict began. Disruptions have escalated as Ukrainian attacks have severely damaged Russia’s refining sector, which typically accounts for 4 per cent of global capacity, while China is preparing to lift crude imports. In Australia, average petrol prices have jumped nearly 40 per cent since July to above $2.30 a litre and diesel has risen nearly 60 per cent to $2.88, heightening concern about further increases.
9-23