Inside Being AI: What happened?

Inside Being AI: What happened?
Being AI, listed last year, was suspended from the NZX. (Image: NZME)
Ben Moore
Since listing on the New Zealand Exchange less than a year ago, Being AI has faced a series of challenges.Most recently, the company’s two latest independent directors resigned without replacements, leading to Being AI being suspended from the NZ Exchange (NZX) until further notice.BusinessDesk spoke to several people familiar with the firm’s operations and they collectively described a rift in the company’s leadership.BusinessDesk agreed to retain their anonymity but learned that this rift resulted in a lack of clear directio...

More Markets

Lower bond yields lift NZ sharemarket
Markets Market Close

Lower bond yields lift NZ sharemarket

Lower bond yields have helped drive the NZ sharemarket sharply higher at the close.

Jamie Gray 30 May 2025
Turbulent market slashes 2 Cheap Cars' profit
Markets

Turbulent market slashes 2 Cheap Cars' profit

New Zealand’s continued economic downturn, a sharp fall in immigration and consequent softer market demand has driven a 47% drop in profit for 2 Cheap Cars.The company reported total revenue of $81.9 million with 7675 cars sold in the year to March 31, down 6% compared to $86.7m...

Staff reporters 30 May 2025
Pacific Edge launches $20m capital raise
Markets

Pacific Edge launches $20m capital raise

The raise will help the medtech company continue operations for another year.

Staff reporters 30 May 2025
King Salmon slashes earnings guidance
Primary Sector

King Salmon slashes earnings guidance

Reduced harvests are needed to build up fish stocks.

Staff reporters 30 May 2025