Kiwi Harry Mellsop raises $7.3m for his physical-world AI start-up Antioch
He then moved to New York, where he co-founded his start-up, Transpose, with fellow Stanford grad Alex Langshur.…
Customs seizes cocaine worth nearly $16m from container at Port of Tauranga
The outer packaging depicting a hamster in a crown. Photo / NZ Customs Hidden amongst legitimate goods, Customs…
Media Insider: RNZ’s $11m move into TVNZ delayed by up to eight months, broadcaster outlines details of new-look studios
It is understood the company started paying rent last month for its new staff and studio spaces on…
Dynamic Business: One NZ’s AI agents cut calls, energy use and cyber fraud at telco
The journey began with robotic process automation (RPA), the software that handles repetitive tasks that would otherwise require…
IRD Covid loan defaults hit $447m as 20,000 small firms fall behind
In addition, tens of billions of dollars’ worth of extraordinary government grants and loans, including the cashflow lending…
Former Covid response lead Alister Thorby stole $1.8 million from DHBs
As well as a holiday, he’d spent the money on a property in Foxton and multiple vehicles. Now,…
Rio Tinto to spend $50m on toxic waste plant at Tiwai Point smelter
“Our new facility at Tiwai Point means this processing will now take place in New Zealand, reducing the…
Long-lost Rubens ‘masterpiece’ sells at auction in France for $5.5m
Later historians described this engraving and, despite having never seen the painting, catalogued its existence. It was bought…
One NZ hit with $1.1 million penalty for breaching emergency call obligations
Flood said One NZ had worked closely with the Commerce Commission to put the breaches right. “No customers…
Westpac fined $3.64m for breaching lender responsibility rules
“The pecuniary penalty sends a strong message not only to Westpac but to the consumer credit industry that…
Oceania Healthcare selling 11 rest homes for $75m, laid off 23 head office staff
She would not name any properties, indicating the company did not want to upset residents or staff. Oceania…
Cocaine worth $11.5m seized at Port of Tauranga, Customs says
Officers found 17 bricks of cocaine in one container and 16 in the other, among legitimate goods. Customs…