Consumer technology news from the future
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US oil & energy providers hit by plunging market cap in 1H 2020
As the COVID-19 coronavirus pandemic continues to lead many market sectors into turbulence, the energy sector has not escaped unscathed.
Alibaba Cloud commits US$283M to aid partners in joint ventures
“The investment shows our commitment to help partners integrate their businesses with Alibaba Cloud, and together we will create more value for the global cloud industry.”
Alibaba Cloud to invest US$283 million to accelerate global partner innovation
The investment aims to bring its partners up to speed with digitalisation capabilities and create joint products and solutions to benefit more customers across all sectors.
Reach for the low-hanging fruit: How achieving a rapid ROI is becoming a leading AI trend
Focusing on returns, rather than adopting AI for its own sake, will drive the emergence of rapid AI ROI throughout the rest of 2020.
How to help your data scientists deliver better business value
Most people will describe someone who spends time extracting valuable insights from large volumes of information. While that definition is correct, unfortunately reality is rather different.
Healthcare IT is in dire need of investment, says NZ Health IT chief
“This isn’t about replacing people for robots, it’s about providing already fully stretched clinical and non-clinical staff with the tech tools they desperately need when looking after their patients."
Razer invests US$50M in business partners impacted by COVID-19
The company will utilise the Razer Gold, Razer Fintech and ZVentures in order to support businesses through economic difficulties brought on by nationwide lockdowns.
AirTrunk sets sights on APAC expansion, backed by fresh investment
"MIRA’s strong track record with infrastructure investments in APAC will provide valuable experience as AirTrunk consolidates and expands its Asia-Pacific presence.”
New investor partnership to unlock $6bn for NZ business
"We see this as a prime opportunity to fill the gap for established companies who need a broader range of funding options, especially when looking to expand their burgeoning businesses."
Revealed: Global trends in technology investment
The US and China see total investment values drop year-on-year, but the UK records a rise in investment into British tech companies.
Singapore security firm Right-Hand scores $1.4m seed funding
Right-Hand states that the seed round funds will be used to boost the company’s product roadmap development.
Data center construction looks towards liquid cooling power
Key trends in data center construction include efforts to reduce power consumption and carbon emissions, improve operations, and the deployment of liquid cooling to support AI and big data analytics.
Google Cloud to invest $10b in US presence in 2020
Google will invest more than $10 billion in its United States offices and data centers in 2020, Google CEO Sundar Pinchai declared last week.
NZ software company set to go global after securing $3.65 million
LawVu plans to set up offices in Australia and the US, as well as leverage business opportunities in other overseas markets.
Snowflake valuation skyrockets to $12.4 billion following strategic partnership with Salesforce
Cloud data platform Snowflake has announced additional growth funding to the tune of USD$479 million, co-led by new investors Dragoneer Investment Group and Salesforce Ventures.
Aussie sports startup announces aim to raise $750K
The company states it is seeking capital from investors to increase staff numbers and to round out its current platform suite which will enable the company to deliver a turnkey solution to sporting organisations across the globe.
How to steal $1 million by email: Check Point researchers detail million-dollar fraud against Chinese VC firm
A series of spoofed emails enabled a Hong Kong-based hacker to make off with a million dollars.
Philippines becoming key location for ICT investment
The Philippine Board of Investments (BOI) has noted a surge in approved foreign investments into the country, which will boost the Philippines economy over the next two to three years.
Kiwis adopting great savings habits but overestimating returns
As people get older, they are more likely to consider putting any savings into term deposits, rising from 28% of those under 30, to 57% of 50-64-year-olds, and 65% of those 65-plus.
Trust essential to business-driven SD-WAN deployment
Navigating the options for SD-WAN can be a bit like walking through a minefield of unknowns.
NetDragon raises $150m to expand China education sector
The proceeds from the investment will be used to support product development and growth strategies, as well as to fund potential acquisitions and investments in the education sector.
Big data, security are key investment areas for pharma industry
The pharmaceutical industry is looking towards big data, blockchain, cloud computing and cybersecurity as its four major investment areas.
NZ’s TIN200 top tech companies on a $12b winning streak
New Zealand’s 200 largest tech export companies by revenue (TIN200) exceeded more than $12 billion in revenue and more than $8 billion in export earnings.
Kiwi fintech startup looks to expand following investment success
Hnry have expanded their office space in Wellington as they look to further invest into technology, bring more value to customers, hire more staff and begin trials to expand into overseas markets.