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Australian Shoppers Queue 100 Metres for Savers Amid Scrutiny Over US Owner

Australian shoppers lined up for about 100 metres outside Savers’ new thrift store in Geelong, with some customers travelling for hours to attend its August 27 opening. The expansion has attracted attention because Savers Australia is part of US-based Savers Value Village, which is valued at $2.2 billion and majority-owned by private equity firm Ares […]

September 8, 2026
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Startup News
Nvidia H100 Rental Prices Jump 22% as Older AI Hardware Retains Value

Nvidia CEO Jensen Huang pointed to a 22% monthly rise in rental prices for the company’s three-year-old H100 AI chip as a sign that older hardware can still hold its value. The H100 now rents for around $3.28 per hour. The H100 was widely used to train early generative AI models. Rental prices have recovered […]

September 8, 2026
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Startup News
Alchelyst Appoints Ben Middleton as Managing Director

Alchelyst, a global investor solutions and fund administration company for private market asset managers, has appointed Ben Middleton as Managing Director and Head of Sales for EMEA. The company also opened new UK offices on Oxford Street in London. The appointments and new office reflect Alchelyst’s continued investment in its global operations as demand grows […]

September 8, 2026
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Startup News
Oracle stock surges 12.6% ahead of earnings on OpenAI deal buzz

Oracle shares rose more than 3% in overnight trading on Monday, extending a three-day gain of 12.6% ahead of the company’s earnings report on September 10. The rise follows OpenAI’s launch of its GPT-6 Astra AI model, which could increase demand for Oracle’s cloud infrastructure under its $300 billion supply deal. Morgan Stanley raised its […]

September 8, 2026
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Startup News
California-Based Replit Opens First International Office in London

Replit, an AI-powered platform that helps people turn ideas into apps, websites, products, and businesses, has opened its first international office in London. Mayor of London Sadiq Khan joined the company for a ribbon-cutting ceremony to mark the opening. Replit has more than 60 million users worldwide, including users at 85% of Fortune 500 companies. […]

September 8, 2026
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RECENT ARTICLES

Startup News
SentinelOne Stock Surges 16% in August on AI Expansion

SentinelOne’s stock rose nearly 16% in August after the cybersecurity company reported strong quarterly results and shared positive business updates. The company expanded its Wayfinder Frontier AI Services and partnered with Amazon Web Services to bring AI runtime security to Amazon Bedrock. Second-quarter revenue increased 21% to $291 million, while adjusted net income more than […]

September 8, 2026
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Startup News
Honest Company’s revenue fell 11% to $83M, Yet Profits Nearly Tripled

The Honest Company reported second-quarter revenue of $83.3 million, down 10.9% year over year. However, net income nearly tripled to $10.7 million from $3.9 million, while gross margin improved by 800 basis points to 48.4%. Much of the profit increase was linked to one time items, including tariff refunds and costs related to strategic exits. […]

September 8, 2026
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Startup News
Avathon and IIT Roorkee launch Physical AI Lab

Avathon and the Indian Institute of Technology Roorkee (IIT Roorkee) have announced the launch of the Avathon Physical AI Lab (Avathon PAL), a research initiative focused on advancing Physical-AI for industrial applications. The lab will be established in the Department of Computer Science & Engineering at IIT Roorkee. It will support collaborative research in Physical […]

September 8, 2026
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Startup News
Australia’s Firmus secures OpenAI compute deal for Malaysian AI data centres

Australian AI data centre operator Firmus has secured a compute capacity agreement with OpenAI for two planned data centres in Malaysia. The Nvidia-backed company will provide computing infrastructure to support OpenAI’s AI services. The deal comes as OpenAI continues to expand its global computing infrastructure to meet growing demand for AI. Firmus specialises in building […]

September 8, 2026
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Startup News
Frost & Sullivan Appoints Janesh Janardhanan as Global Partner

Frost & Sullivan, a global analytics and growth advisory firm, has appointed Janesh Janardhanan as Global Partner and Head of its Subscriptions business. In his new role, Janardhanan will lead the financial performance of the company’s global subscription business, including its analytics services, subscriptions platform, and Growth Generator data platform. The appointment highlights Frost & […]

September 8, 2026
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