‘Fifty times easier’: Why our best AI founders are moving to America

The Sydney Morning Herald - Sep 18, 2026

Amid an AI gold rush, Australia may be losing its ability to hold on to its best and brightest tech talent.

More News

Sep 18, 2026

Hyundai E&C to lead gov't push for 100-megawatt green hydrogen plants

Global construction giant Hyundai Engineering & Construction (E&C) is stepping up its clean-energy push, heading a state-backed project to engineer large-scale green hydrogen facilities capable of generating over 100 megawatts of zero-carbon fuel. Hyundai E&C said Friday that its HMG Construction Research Institute will lead the project, which is being promoted by the Ministry of Climate, Energy and Environment. The project aims to develop a comprehensive design package covering plant systems, core processes and operating configurations for large-scale hydrogen production, with the goal of bringing the technology to a level suitable for demonstration and commercialization. Hyundai E&C will lead a consortium that includes Hyundai Engineering, Hyundai Motor, Hanwha Global, Korea Midland Power, Mirae Standards Research Institute, Seoul National University and Korea University. Hyundai E&C will be responsible for developing the basic engineering package and conducting an economic feasibility assessment, according to the company. The project will also use artificial intelligence and dynamic si

Sep 18, 2026

Hanwha Systems joins Korea's national space debris tracking system

Hanwha Systems said Friday it has signed a contract with the Korea Astronomy and Space Science Institute (KASI) to join, as the private-sector developer, a national system for tracking and predicting collisions among objects in orbit. The deal, signed Sept. 9, makes Hanwha Systems a system developer for the Korean Space Situational Awareness system (K-SSA) — a project under the Korea AeroSpace Administration (KASA), the country's space agency. Space situational awareness refers to observing and analyzing the position and orbit of objects in space to detect and forecast risks such as collisions or objects falling back to Earth. The company said the number of satellites in low Earth orbit has grown sharply in recent years, raising the risk of collisions between spacecraft and both artificial and natural objects in orbit — from defunct satellites to debris and meteoroids — and adding urgency to efforts to protect national space assets. Under the project, KASI will serve as the lead research institute, setting the mission, operating concept and system requirements for the K-SSA system

Sep 18, 2026

Hankook Tire extends OE supply deal with Europe's Schmitz Cargobull

Hankook Tire & Technology said it has signed a four-year deal to keep supplying original equipment (OE) tires — tires installed on vehicles at the factory, before they reach dealers — to German trailer manufacturer Schmitz Cargobull, extending a partnership that dates back more than a decade. Under the agreement, which runs from July 2026 through June 2030, Hankook will supply truck and bus radial (TBR) tires for Schmitz Cargobull's new trailers across Europe, the company said. Hankook first began supplying OE tires to Schmitz Cargobull in 2013 and has since expanded the range of products it provides. Schmitz Cargobull, headquartered in Germany, is Europe's largest trailer manufacturer, with production plants across the continent, including in the United Kingdom, Spain, Lithuania, Romania and Turkey. The company makes refrigerated semi-trailers and dump trailers, among other commercial vehicle equipment, and is a major supplier to Europe's logistics industry. The tires supplied under the deal will use Hankook's Smartec platform, its top-tier TBR technology line. Products include the

Sep 18, 2026

Hanwha deepens ties with Abu Dhabi in digital finance

Hanwha Group’s financial affiliates are expanding ties with Abu Dhabi across digital finance, stablecoins and cross-border payments, as the group seeks to build a broader foothold in the Middle East’s financial center. Hanwha Life Insurance, Hanwha General Insurance, Hanwha Asset Management and Hanwha Investment & Securities signed separate agreements with the Abu Dhabi Investment Office (ADIO) and Abu Dhabi Global Market (ADGM), covering digital finance and financial infrastructure. Hanwha Life signed a partnership with ADIO to collaborate on developing digital financial services, strengthening ties between the Korean and Abu Dhabi financial and capital markets and exploring opportunities in digital banking. Hanwha Asset Management, meanwhile, signed a tripartite partnership with ADGM and Hana Financial Group on stablecoins and financial infrastructure to develop cross-border payment and remittance solutions linking Korea and Abu Dhabi. The four financial affiliates also signed a partnership with ADGM for Abu Dhabi Finance Week 2026, building on discussions at last year’s event ab

Sep 18, 2026

Coway launches slim office chair combining recliner, massage functions

Coway has launched the Berex Triple Chair 2 Slim, a multifunctional chair that combines the functions of an office chair, recliner and massage chair. The new product reflects growing demand for space-saving furniture as housing costs rise and one- and two-person households become more common, the home appliance maker said. The Triple Chair 2 Slim is 9 percent smaller in volume than the previous model, making it easier to fit into tight spaces. It also features hidden wheels that give the chair a cleaner look while making it easier to move. The chair is designed for people who spend long hours sitting, such as those working from home or studying. The massage balls are tucked inside the backrest when the massage function is not in use, reducing pressure on the back. The head cushion supports the head and neck, while the seat height can be adjusted by up to 5 centimeters to suit different body types. The backrest can be reclined from 110 degrees for working to 150 degrees for relaxing. Users can also adjust the backrest and leg rest separately for a more comfortable position. The chair also f

Sep 18, 2026

Top Chinese AI models make 10% of OpenAI, Anthropic revenue despite high valuations: report

Chinese artificial intelligence models from seven major developers combined generate only about 10 per cent of the revenue reported for OpenAI and Anthropic, even as investor enthusiasm remains intense, according to US-based research firm Rhodium Group. The Chinese AI models earned an estimated US$10.7 billion in annual recurring revenue (ARR) from March to August, a fraction of the more than US$100 billion combined for OpenAI and Anthropic, according to the Rhodium report published on...

Sep 18, 2026

Chip foundries better insulated in an AI slowdown than Asia-Pacific tech peers, S&P says

As market fears mount over waning Big Tech spending and calls to slow down frontier artificial intelligence development, Asia-Pacific semiconductor foundries are better positioned to withstand a potential downturn in AI investment than other tech hardware firms in the region, according to S&P Global Ratings. In a report published on Thursday, the rating agency said it had stress tested four key Asia-Pacific sectors – foundries, memory manufacturers, cooling component suppliers and original...

Sep 18, 2026

China to see major shift to Huawei for AI model training in 2027: deputy chair

Huawei Technologies expects a major domestic shift towards its artificial intelligence computing infrastructure for model training next year, as its Ascend processors gain ground on Nvidia in China despite supply constraints, according to rotating chairman Eric Xu Zhijun. “I believe that starting from next year, a lot of the AI model training will be based on the SuperPoD or SuperCluster based on Ascend 950DT,” Xu told reporters during the Huawei Connect 2026 conference in Shanghai on...

The iPhone 18 Pro Max leads early Singapore sales as Burgundy dominates

Sep 18, 2026

‘Fifty times easier’: Why our best AI founders are moving to America

More News

Hyundai E&C to lead gov't push for 100-megawatt green hydrogen plants

Hanwha Systems joins Korea's national space debris tracking system

Hankook Tire extends OE supply deal with Europe's Schmitz Cargobull

Hanwha deepens ties with Abu Dhabi in digital finance

Coway launches slim office chair combining recliner, massage functions

Top Chinese AI models make 10% of OpenAI, Anthropic revenue despite high valuations: report

Chip foundries better insulated in an AI slowdown than Asia-Pacific tech peers, S&P says

China to see major shift to Huawei for AI model training in 2027: deputy chair

The iPhone 18 Pro Max leads early Singapore sales as Burgundy dominates

SIMBA puts Huawei Wi-Fi 7 inside its new 10Gbps broadband gateway

Apple iPhone 18 Pro, Pro Max and iPhone Duo: Singapore prices and availability

The billionaire who can’t stop writing essays that freak out everyone

Recommended

Coupang turns to Taiwan as key hub for global growth

Who helped Samsung become chip giant

Casetify unveils new iPhone 18 Pro cases, with iPhone Duo cases soon to come

Foreigners snap 7-month sell-offs of Korean stocks in August

Hyosung Heavy Industries forms US joint venture to make high-voltage circuit breakers

Hyundai Steel earns ISO 37301 certification for compliance management

Samsung Exynos chipset market share rises to 9% in Q2

The Met Unveils huge facade sculptures by Liu Wei in partnership with Genesis

Toss tests blockchain system for public payments