The SaaS Apocalypse Was Never Coming. Here's What Is.
A single blog post spooked Wall Street and triggered billions in losses. The panic says more about investor sentiment than the actual future of enterprise software.
Oliver Pemberton Business
Corporate news, markets, and the economy
Oliver Pemberton 
AI Hunger Eats the Hard Drive Market, Leaving Consumers with Rising Prices and Shrinking Options
The world's two biggest hard drive makers have sold out their 2026 production to AI data centres, pushing consumer storage prices sharply higher with no relief in sight.
Helen Cartwright 
Dream Game, Shuttered Studio: Jake Solomon's Indie Gamble Falls Short
Jake Solomon, the celebrated designer behind XCOM, has shut down his indie studio Midsummer, revealing a glimpse of its cancelled game Burbank just as the doors close.
Jimmy O'Brien 
Epic's Better Revenue Deal Means Nothing If Nobody's Buying
New Blood Interactive CEO Dave Oshry says the Epic Games Store's generous revenue split is worthless without customers. His Christmas experiment proved him right.
Tom Whitfield 
Ubisoft Installs Veteran Trio to Lead Assassin's Creed as Tencent's Billions Reshape the Franchise
Ubisoft has appointed three franchise veterans to lead Assassin's Creed into its next phase under Vantage Studios, the Tencent-backed subsidiary now central to the publisher's survival strategy.
Mitchell Tan 
French Games Publisher Nacon Files for Insolvency After Parent Company's Loan Default
French AA publisher Nacon has filed for insolvency after parent company Bigben Interactive defaulted on a €43 million bond repayment, putting 16 studios and more than 1,000 jobs at risk.
Sophia Vargas 
OpenAI Raises $110 Billion in History's Largest Private Tech Funding Round
OpenAI has closed a record $110 billion funding round backed by Amazon, Nvidia, and SoftBank, valuing the company at $730 billion and reshaping the global AI infrastructure race.
Zara Mitchell 
Sony's PC Retreat: The Console Wars Are Back, Whether We Like It or Not
Reports suggest Sony is pulling back from releasing major single-player exclusives on PC, reversing a strategy it invested in heavily just four years ago.
Nina Papadopoulos 
Intel Loses Another Foundry Chief as Qualcomm Swoops In
Intel's foundry chief Kevin O'Buckley has joined Qualcomm, the latest in a string of senior exits testing the chipmaker's turnaround under CEO Lip-Bu Tan.
Helen Cartwright 
Paramount Seizes Warner Bros in a $111 Billion Media Earthquake
Paramount Skydance has clinched a $111 billion deal for Warner Bros Discovery after Netflix declined to match the higher bid, reshaping Hollywood in ways that will echo across the Pacific.
Yuki Tamura 
Nvidia's $216 Billion Year Shows AI Has Consumed the Company
Nvidia posted a record $215.9 billion in annual revenue for fiscal 2026, with AI data centre hardware now driving the vast majority of sales as gaming slips to just 11.45% of total revenue.
Darren Ong 
Intel Foundry's Revolving Door: Another Boss Departs as Chandrasekaran Takes Full Control
Intel Foundry chief Kevin O'Buckley has left for Qualcomm after less than two years, with Naga Chandrasekaran now holding full command of the unit. Markets and Australian chip consumers are watching.
Mitchell Tan 
RAM's Share of PC Costs Has Doubled. Your Next Laptop Will Feel It.
HP revealed memory now eats 35% of its PC build costs, up from 15–18% one quarter ago, as AI demand cannibalises global chip supply.
Darren Ong 
China's Rare Earth Grip Tightens Despite Trade Truce, Leaving Chipmakers Short
US chipmakers are running low on scandium critical to 5G production, as China's export licensing regime defies a trade truce struck with Washington in October 2025.
Mitchell Tan 
Amazon's $50 Billion OpenAI Bet Is the AI Arms Race at Its Most Extreme
Amazon has committed $50 billion to OpenAI in the largest private tech funding round ever, handing AWS exclusive cloud rights for the Frontier enterprise platform and cementing a new era in AI competition.
Jake Nguyen 
Sony's PC Retreat: PlayStation Pulls Back from Steam to Protect Its Hardware Fortress
Sony is reportedly abandoning its strategy of releasing PS5 single-player exclusives on PC, a move that could reshape the global gaming market and how Australians access PlayStation titles.
Mitchell Tan 
Google Brings Robotics Moonshot In-House in Physical AI Bet
Google has absorbed Intrinsic, its Alphabet robotics spinout, as the tech giant bets big on AI-powered industrial automation worth an estimated $370bn by 2040.
Darren Ong 
eBay Cuts 800 Jobs While Spending $1.2 Billion on Depop
eBay is laying off 800 workers, or 6% of its global workforce, while simultaneously acquiring Gen Z fashion app Depop for $1.2 billion.
Tom Whitfield 
Netflix and Apple's F1 Deal Is the Streaming Crossover Nobody Saw Coming
Apple and Netflix, rarely friends in the streaming wars, have struck a deal to share Formula 1 programming. It says a great deal about where the industry is heading.
Riley Fitzgerald 
OpenAI's $110 Billion Raise Is the Biggest Private Tech Deal Ever
OpenAI has closed a record-breaking $110bn funding round, but its own projections show losses widening to $14bn in 2026 before a promised $100bn revenue target in 2029.
Darren Ong