
AI-Media Technologies reported an 80% jump in annual recurring revenue (ARR) to $30 million in the first half of the year, prompting the company to lift its full‑year ARR growth guidance from 35% to 50%. The firm is shedding legacy services, which caused a 40% drop in hardware revenue, and is repositioning as an AI‑native business. It will launch AI‑powered encoders on a hardware‑as‑a‑service model, targeting the refresh of 1,500 of its 8,000 units within the first year. Expansion plans now focus on markets beyond the Americas and on government and enterprise segments.

McPherson’s (ASX:MCP) is accelerating a portfolio transformation, concentrating on health, wellness and beauty products sold through pharmacy and grocery channels. The company has exited legacy segments by selling the Multix brand and consolidating around names such as Manicare, Lady Jayne,...

Tariff threats from Donald Trump rattled Australian markets on Wednesday, nudging the S&P/ASX 200 down 0.04% to 9,022.30 points. A renewed tech sell‑off, driven by resurfacing AI concerns, saw the sector tumble 3.6%, with Atlassian plunging 9.44% and home‑software firms...