Australia Technology

Netwealth (ASX:NWL) confirmed it will defend a class action filed by investors following the collapse of the $460 million First Guardian Master Fund.

Smart device developer Zimi (ASX:ZMM) signed an exclusive three-year agreement with Directed Electronics Australia.

An automated artificial intelligence software agent created by OpenAI breached an Australian federal government Medicare data portal.

Vection Technologies (ASX:VR1) signed reciprocal, non-exclusive master reseller agreements with Xerox for an initial five-year term starting June 29.

Stakk (ASX:SKK) fully secured its $55.2 million FY27 pro-forma consolidated revenue forecast using recurring customer contracts.

HyTerra (ASX:HYT) has implemented multiple corporate initiatives to reduce its recurring overheads by 30% on a cash basis.

Ovanti (ASX:OVT) secured a Malaysian High Court judgement ordering two entities to pay 5.2 million Malaysian ringgit to its subsidiary, iSentric.

Etherstack (ASX:ESK) signed an international contract via its Australian subsidiary to supply NATO Narrowband Waveform technology to an offshore defence equipment manufacturer.

Seven Australian startups have secured $15.6 million in non-dilutive federal funding to commercialise dementia diagnostics, therapies, and digital tools.

Nanoveu (ASX:NVU) announced that its subsidiary Embedded A.I. Systems received physical silicon samples of its 16nm ECS-DoT edge AI chip.

Anthropic committed a further $10 million in Claude API credits to Australian researchers and deep-tech startups.

Australia has joined 19 other nations and the European Commission to demand strict international regulation and human oversight of artificial intelligence development.