Investment stories
Businesses worldwide have increased their IT spend this year due to the COVID-19 pandemic, leading to new concerns around IT budgets and cost control.
PPRO, the local payments platform-as-a-service provider, has announced an 85% volume growth and new investment from Sprints and Citi.
Stax, the cloud automation platform, plans global expansion despite the economic downturn, with managing director Mike Middaugh leading the investment strategy.
Despite the COVID-19 pandemic, over 30% of Australian and New Zealand businesses plan to increase budgets for AI in 2020, says IDC report.
Exxon Mobil – the largest United States oil and gas company – suffered the hardest hit, losing a market cap of US$82.02 billion in the last six months.
Tech Data plans to invest USD $750 million in digital transformation over five years, following its acquisition by Apollo Global Management.
As the COVID-19 coronavirus pandemic continues to lead many market sectors into turbulence, the energy sector has not escaped unscathed.
Alibaba Cloud plans to invest US$283m to support partners in joint innovations and digitalisation capabilities.
Alibaba Cloud is investing USD $283 million to speed up global partner innovation, aiming to boost digitalisation and create joint products for diverse sectors.
Focusing on returns, rather than adopting AI for its own sake, will drive the emergence of rapid AI ROI throughout the rest of 2020.
Data scientists spend just 12% of their time delivering insights, according to IDC. Silos and admin tasks are to blame.
Razer commits USD $50 million to aid business partners hit by COVID-19. The funds will be distributed via Razer Gold, Razer Fintech, and ZVentures.
Macquarie has acquired an 88% stake in AirTrunk, valuing the hyperscale data center provider at over A$3bn ($2.2bn).
The US and China see total investment values drop year-on-year, but the UK records a rise in investment into British tech companies.
The global data centre construction industry is shifting towards liquid cooling to support AI and big data, aiming for efficiency and reduced emissions.
New Zealand's digital health tech needs more investment to support healthcare during the pandemic, says NZ Health IT.
Lockdown has forced Invercargill Central to push back its planned opening, complicating talks with Farmers and bank financing for the project.
New partnership between Neu Capital and Grant Thornton set to unlock USD $6 billion in funding for New Zealand's medium and small businesses.
Singapore's Right-Hand has secured SGD$1.4 million in seed funding to enhance its SaaS cybersecurity platform, focusing on mitigating human-error risks.
Economic worries are deepening as COVID-19 threatens recession, job losses and delayed launches across New Zealand's fintech sector.
