After a month of listening to companies espouse the virtues of artificial intelligence, analysts have warned investors not to be seduced by the hype and that its biggest benefits could be realised outside the tech sector. A wave of AI breakthroughs that has lifted the stocks of companies such as Nvidia, Microsoft and Google featured heavily in local investor presentations throughout the earnings season, which wrapped up last week. Josh Kannourakis, Barrenjoey’s co-head of technology, said...

A little-known technology company, backed by a host of big names from the Australian Football League has landed $US30 million ($45 million) from New York-based private equity firm Bluestone Partners, after selling its software to major professional sports events including the Super Bowl, the US Open Tennis, and the upcoming Paris Olympics. PMY Group was founded in Melbourne in 2009, by Paul Yeomans a former lawyer who managed the commercial opportunities for over 100 AFL players. It has...

Mortgage disruptor Tic:Toc plans to add insurance products to its technology platform after closing a $54 million funding round that values the business at $254 million and gives it more breathing space to prepare for an initial public offering. The Series D round consisted of $30 million raised in February, led by Regal Funds Management, and a new $24 million strategic investment, announced Thursday, from existing investor IAG Firemark Ventures. This article is for subscribers only. Save 50%...