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Market Intel

Software spend up 15%, yet SaaS valuations crash: the market has split in two

Total B2B software spend is accelerating to $1.4T, growing 15% year over year, the fastest in a decade. At the same time, public SaaS companies are trading at a discount to the S&P 500 for the first time ever, with Monday, HubSpot, and Atlassian down 60% to 70%. The market has bifurcated: AI-native companies are tapping new budget and re-accelerating, while legacy SaaS runs the old playbook and waits for a recovery that is not coming.

Jul 6, 2026 · 4 min
Market Intel

Big Four consulting split considered after KPMG audit scandal

Government considering splitting audit and consulting arms at KPMG, EY, Deloitte, PwC after KPMG withdrawn AI report contained fabricated case studies. Caps on partner numbers also on table. Combined $219B revenue firms could face structural changes affecting thousands of ANZ consulting and sales roles.

Jul 2, 2026 · 2 min
Market Intel

Google loses two AI scientists to Anthropic, stock drops $225B

Noam Shazeer and John Jumper left Google for Anthropic within 48 hours, wiping $225 billion off Alphabet's market cap. The departures signal a talent retention crisis as Google holds #3 in AI behind OpenAI and Anthropic. Wall Street is questioning whether the company can compete when pre-IPO rivals offer equity upside that a public giant cannot match.

Jun 27, 2026 · 2 min
Market Intel

Adobe defers $500m price increase, first major B2B pricing crack since 2022

Adobe walked away from planned Creative Cloud price increases worth $500m ARR in H2 FY2026. The company that raised prices every year for the past decade just blinked. Enterprise renewals still getting the full increase, but consumer and SMB tier pricing power is gone. Canva at $4b ARR, Figma at $1.2b, and free Affinity changed the math.

Jun 25, 2026 · 3 min
Market Intel

Victoria mandates 2-day WFH: Casuals, part-timers included

Victoria's new work-from-home law covers regular casuals and part-time staff, creating Australia's first statutory remote work entitlement. Two days per week starts September 2026 for businesses with 15+ employees, July 2027 for smaller teams. Disputes go to state commission, not Fair Work.

Jun 16, 2026 · 2 min
Market Intel

US blocks Australians from Anthropic's frontier AI models

Australians lost access to Anthropic's Fable 5 and Mythos 5 AI models after a US government order citing national security. The block hit locally distributed AI tools mid-deployment, raising questions about regulatory risk for any vendor selling frontier tech into ANZ.

Jun 15, 2026 · 2 min
Market Intel

OpenAI IPO filing exposes vendor dependency risk for sales teams

OpenAI filed confidentially for an IPO, valued at $852 billion but burning $10 billion a year. If your sales tech stack runs on ChatGPT or OpenAI models, you are betting on a landlord who has not shown profit yet. Public market pressure will change how they price, prioritise enterprise customers, and manage margin.

Jun 12, 2026 · 2 min
Market Intel

Shopify hits $13B revenue run rate in year 20, growing 34%

Most 20-year-old software companies coast on installed base. Shopify just posted 34% growth, its fastest in four years, on $3.17B quarterly revenue. The model: payments and merchant solutions now drive 76% of revenue, subscriptions just 24%. Worth noting for B2B sales teams: success-based revenue is growing 2x faster than recurring.

Jun 11, 2026 · 2 min