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Atlassian splashes $1b on AI browser as chief defends redundancy video call
['David Swan']
WA Today - Technology
Software giant Atlassian has quietly pulled off one of the biggest acquisitions in its two-decade history, buying the start-up behind Silicon Valley’s buzziest AI-powered browser in a deal worth nearly $1 billion.
The $US610 million ($932 million) cash purchase gives Atlassian ownership of The Browser Company, a New York-based firm that is building web browsers for the world’s billion “laptop warriors” who are drowning in open tabs and juggling work across numerous applications.
Atlassian CEO Mike Cannon-Brookes has been accused of being out of touch for firing 150 workers via a recorded video message.
The deal also represents a coup for Atlassian chief executive Mike Cannon-Brookes, who has been in the media for headlines that accused the executive of presiding over falling morale, and for perceptions that he was out of touch for firing 150 employees via a recorded video message.
“Browsers were built for the wrong era,” Cannon-Brookes said in an interview.
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