Tech

Reddit on track to launch new Australian HQ

Published

5 years ago

July 12, 2021

Commonly referred to as “the front page of the internet” – Reddit will officially open a Sydney office on Monday.

The multibillion-dollar company’s first presence on the land down under and just its third outside the United States — is a bid to grow its Australian audience and challenge Facebook and Twitter.

The local arm of the world’s most famous bulletin board will be lead by a former executive of Woolworths, Twitter, and Amazon, David Ray.

Reddit chief operating officer Jen Wong says the company chose Australia as its latest target after the local audience grew by more than 40 percent over the past year to become the network’s fourth-largest worldwide.

“We’ve been fortunate to experience strong organic growth from our Australian user base in recent years ,”
Ms Wong said.

Reddit has been expanding its user presence in Australia

Currently, the social media platform currently has more than 52 million daily active users on its platform, including an Australian community of more than 700,000.

Reddit users share videos, photos, text, and web links that can be up or downvoted by fellow users on more than 100,000 channels known as subreddits.

The website’s popularity and content attract has attracted controversy in recent years, however; becoming a target for criticism earlier this year when a GameStop short squeeze was organised in one subreddit.

Reddit is the latest in a long line of US tech giants to establish a presence in Australia

Google and Facebook opened Australian offices in 2009, and Twitter established its Sydney headquarters in 2016.

Reddit now plans to compete with Facebook, Twitter, Snapchat for Australian advertisers, but the company says they reach a different market entirely.

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Nvidia and Amazon explore massive OpenAI funding round

Nvidia CEO downplays $100B OpenAI investment, as Amazon eyes $50B stake in AI startup

Published

2 days ago

February 2, 2026

Harvey Vargas

Nvidia CEO downplays $100B OpenAI investment, as Amazon eyes $50B stake in AI startup

In Short:
– OpenAI aims to raise up to $100 billion, with Amazon considering a $50 billion investment.
– Funding will support Project Stargate and address projected losses of $14 billion by 2026.

Nvidia’s CEO has confirmed the company will participate in a major funding round for OpenAI, though the previously mentioned $100 billion commitment is not final.

This investment comes as OpenAI seeks to raise up to $100 billion, potentially valuing the AI startup at around $830 billion. Amazon is also reportedly in discussions to contribute up to $50 billion.

The funding is intended to support OpenAI’s ambitious $500 billion Project Stargate, aimed at pushing the boundaries of artificial intelligence.

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News

Big Tech earnings spark investor unease over AI spending

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Published

4 days ago

January 30, 2026

Harvey Vargas

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.

Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.

Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.

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Tech

Memory shortages and rising prices could persist through 2027

Memory chip supply tight, prices high; Lenovo warns rising costs impact budget devices amid strong PC demand from Windows 11.

Published

1 week ago

January 27, 2026

Harvey Vargas

Memory chip supply tight, prices high; Lenovo warns rising costs impact budget devices amid strong PC demand from Windows 11.

Memory chips critical to consumer electronics and AI data centres remain in tight supply, keeping prices elevated despite production expansion by major players including Samsung and Micron.

Lenovo warns higher memory costs will hit budget devices first, even as PC demand stays strong from Windows 11 upgrades.

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