From misery walk to mass layoffs: Inside Canva’s hardest month

The Sydney Morning Herald - Nov 6, 2026

Insiders say Canva’s billionaire co-founders agonised over layoffs for weeks. They now have to try and turn the company around.

Read full article

More News

SK Biopharmaceuticals builds massive AI dataset to speed up drug discovery

Nov 6, 2026

SK Biopharmaceuticals builds massive AI dataset to speed up drug discovery

SK Biopharmaceuticals, a Korean firm focused on developing original prescription drugs, has built a massive artificial intelligence (AI) dataset of more than 7 million chemical entries to streamline candidate screening for new therapies. The project is part of the Ministry of Science and ICT’s program to develop AI foundation models for specific fields. A foundation model is a large AI model trained on vast amounts of data that can be adapted for many tasks. SK Biopharmaceuticals belongs to a medical and health care consortium led by medical AI firm Lunit, along with Trillion Labs, Kakao Healthcare and other companies, universities and hospitals. The consortium built a base model specialized in medical science. It then developed versions focused on three areas: drug development, covering chemical compounds and proteins; omics, the large-scale study of genes and other biological molecules; and clinical research. SK Biopharmaceuticals put together the drug discovery dataset based on what researchers actually need in the lab. The data covers 66 drug development tasks, including predictin

Doosan Corp. expands in China to boost supply of key materials for AI chips, smartphones

Nov 6, 2026

Doosan Corp. expands in China to boost supply of key materials for AI chips, smartphones

Doosan Corp., a major supplier of core materials for high-tech electronics, is expanding its manufacturing footprint in China to boost production of copper-clad laminates — essential components used in advanced microchips, artificial intelligence servers and smartphones. The company said Friday it signed an investment agreement with Changshu, a city in China's Jiangsu province, to build new copper-clad laminate (CCL) production lines near its existing factory. The agreement was signed Thursday at Suzhou City Hall, with Suzhou Mayor Wang Wei, Doosan President Yoo Seung-woo and Kim In-wook, head of the company's Electronics Business Group, among those in attendance. The project represents the Chinese portion of an investment plan worth approximately 970 billion won (about $670 million), announced by Doosan in September, including approximately 550 billion won earmarked for China. Doosan plans to develop a 185,000-square-meter site near its existing Changshu factory, with investment scheduled to be carried out in stages through 2028. The new production lines are expected to begin operating

TPG to take Lotte Rental private via tender offer

Nov 6, 2026

TPG to take Lotte Rental private via tender offer

U.S. private equity firm Texas Pacific Group (TPG) will acquire the remaining shares in Korea's leading car rental company, Lotte Rental, through a tender offer by early next month, the company said Friday. TPG's wholly owned special purpose vehicle (SPV), Lexicon Korea Holdco Inc., plans to purchase 14 million shares, or a 38.83 percent stake, in Lotte Rental at 59,000 won ($43.50) per share during the tender offer period from Friday through Dec. 3, according to a regulatory filing. The tender offer is valued at 831.7 billion won. "We have launched the tender offer to secure control of the target company, delist it from the Korean stock market and make it a wholly owned subsidiary," Lexicon Korea said in the filing. The bidder plans to settle the tender offer in cash on Dec. 7, paying for all shares, the filing outlined. KB Securities is advising on the deal. Last month, TPG acquired a combined 61.2 percent stake in Lotte Rental for 1.31 trillion won from Lotte Group affiliates Hotel Lotte and Lotte Hotel Busan. Lotte Group, the country's sixth-largest conglomerate by assets, has been sel

Lam Research appoints Kim Tae-won as new Korea head

Nov 6, 2026

Lam Research appoints Kim Tae-won as new Korea head

Lam Research said Friday it has appointed Kim Tae-won as the new regional vice president of Korea, succeeding Park Joon-hong, who has worked at the U.S. semiconductor equipment maker for nearly 25 years. Kim is a technology expert with more than 20 years of experience in the semiconductor industry, specializing in chemical vapor deposition and etching technologies. Since joining Lam Research in 2008, Kim has served in key positions in productivity solutions, product deployment and process development within the company's etch products group. Kim earned a bachelor's degree in chemical engineering from Seoul National University and a doctorate from the University of California, Santa Barbara. Lam Research Senior Vice President of Global Customer Operations Neil Fernandes said Kim's technical expertise, customer-focused leadership and track record of bringing teams together would help strengthen partnerships with Korean customers and drive further growth and innovation. Outgoing Regional Vice President Park previously held several senior positions at Lam Research, including head of the Surf

Palantir signs partnership with Korean footwear manufacturer

Nov 6, 2026

Palantir signs partnership with Korean footwear manufacturer

Few people who lace up a pair of Nike sneakers have heard of Changshin, but there is a good chance the Busan-based company made them. And before long, those shoes may carry Palantir's technology, too. Palantir Technologies said Friday it has signed a partnership agreement with Changshin, which has been producing Nike sneakers under contract since the 1980s. According to the two sides, Changshin will deploy Palantir’s Foundry and Artificial Intelligence Platform (AIP) across its footwear development and production operations. Foundry integrates and analyzes enterprise-wide data in one place, and AIP brings generative artificial intelligence (AI) into business workflows. Building on these platforms, Changshin said it will seamlessly connect information flows from footwear development and sample production planning to factory operations. This will allow the company to gain a comprehensive view of its manufacturing processes and enable closer collaboration across departments. The partnership is based on the results of a recent AgentCamp, a program in which participants develop AI agents and

Celebrity restauranteur Paik Jong-won suits up as delivery rider to promote new pizza

Nov 6, 2026

Celebrity restauranteur Paik Jong-won suits up as delivery rider to promote new pizza

Celebrity restaurateur and entrepreneur Paik Jong-won traded his usual role as a restaurant executive for that of a delivery rider, personally bringing pizzas to customers to promote a new menu item from his Paikboy Pizza chain. In a video uploaded Thursday to his YouTube channel, “Paik Jong-won,” Paik spends a day working at a franchise location in South Chungcheong Province as part of his series “My Business, My Way 2.” The visit was inspired by the franchise owner's efforts to personally deliver many orders placed through delivery apps, ensuring customers receive freshly baked pizzas while still warm. Paik joined the deliveries on a motorcycle, surprising customers by bringing an additional pizza he had paid for himself and demonstrating how to finish the new menu item with cheese and crushed red pepper. Several customers appeared startled by the unexpected visit, with some taking commemorative photographs with the restaurant entrepreneur. Paik also kept a promise he made to firefighters he encountered along the way, telling them he would bring pizzas during their lunch break b

Why Lumos thinks Singapore needs another affordable Android tablet brand

Nov 6, 2026

Why Lumos thinks Singapore needs another affordable Android tablet brand

The homegrown projector brand is taking on the crowded tablet market with four models starting from S$139, including a new 12-inch Tablet Ultra.

Celebrity restaurateur Paik Jong-won suits up as delivery rider to promote new pizza

Nov 6, 2026

Celebrity restaurateur Paik Jong-won suits up as delivery rider to promote new pizza

Celebrity restaurateur and entrepreneur Paik Jong-won traded his usual role as a restaurant executive for that of a delivery rider, personally bringing pizzas to customers to promote a new menu item from his Paikboy Pizza chain. In a video uploaded Thursday to his YouTube channel, “Paik Jong-won,” Paik spends a day working at a franchise location in South Chungcheong Province as part of his series “My Business, My Way 2.” The visit was inspired by the franchise owner's efforts to personally deliver many orders placed through delivery apps, ensuring customers receive freshly baked pizzas while still warm. Paik joined the deliveries on a motorcycle, surprising customers by bringing an additional pizza he had paid for himself and demonstrating how to finish the new menu item with cheese and crushed red pepper. Several customers appeared startled by the unexpected visit, with some taking commemorative photographs with the restaurant entrepreneur. Paik also kept a promise he made to firefighters he encountered along the way, telling them he would bring pizzas during their lunch break b

Does the Democratic midterm victory spell the end of US AI data centre boom?

Nov 6, 2026

Does the Democratic midterm victory spell the end of US AI data centre boom?

The sweeping midterm election victory by US Democrats has triggered warnings from analysts that an impending regulatory clampdown could derail the nation’s multi-trillion-dollar artificial intelligence data centre buildout. Wall Street forecasters slashed their projections for Big Tech infrastructure spending hours after the vote, cautioning that a wave of proposed project moratoria and tighter oversight could stall up to 30 per cent of planned US facilities and force developers to downscale...

Here are 6 new features coming to iOS 27.3 that you need to know

Nov 6, 2026

Here are 6 new features coming to iOS 27.3 that you need to know

Apple’s upcoming iOS 27.3 is going to be a big update.

The ROG Xbox Ally X20 will be available as a standalone purchase, with pre-orders starting from 16 Nov

Nov 6, 2026

The ROG Xbox Ally X20 will be available as a standalone purchase, with pre-orders starting from 16 Nov

It was previously only available as part of a bundle with the ROG Xreal R1 Edition 20.

Nothing announces new flagship Headphone (1) Pro headphones with audiophile features *Updated*

Nov 6, 2026

Nothing announces new flagship Headphone (1) Pro headphones with audiophile features *Updated*

These headphones will likely sound different, thanks to a new tuning partner.

Recommended

Futurally

Get the latest news and have a look at the innovations and technologies that are shaping the future and changing the world here in Futurally.

ABOUT US
Newsletter

Copyright © 2015 - 2026 Futurally. All Rights Reserved.