ICT sector stories - Page 13

CFOs seize control of cloud spending as volatile infrastructure and AI costs erode tech start-up margins and strain forecast accuracy.

Cisco Systems Capital's New Zealand branch lifted profit in FY2025, supported by lower costs, currency gains and higher assets.

Linux Foundation unites Anthropic, Block and OpenAI in new Agentic AI hub to standardise tools and protocols for autonomous AI agents.

AI-powered cyber attacks are outpacing thinly staffed security teams, as firms prioritise defence but starve programmes of people and budget.

Snowflake will run Google's Gemini 3 AI models natively in Cortex, keeping enterprise data in-platform while deepening Google Cloud ties.

Airwallex secures USD $330m at a USD $8b valuation and names San Francisco a dual global HQ as it ramps US expansion and AI investment.

Devoli becomes first to appear five years running in Deloitte New Zealand's Masters of Growth Index, capping a 478% revenue surge.

Victoria University of Wellington to award honorary doctorates to Dame Theresa Gattung and Sir David Carruthers in December.

Xero founder Rod Drury has been made a Knight Companion of the New Zealand Order of Merit for services to business and technology.

Global CEOs pin 2026 hopes on APAC growth and soaring AI spend, despite geopolitical risks and investor pressure for faster returns.

Ransomware attacks dipped in November, but ClickFix techniques and alliances between groups like Qilin and CL0P drove fresh risks.

After a bruising 2025, falling inflation, rate cuts and small-cap strength are teeing up 2026 as the widest market rally in years.

PaySauce launches NZD $4m equity raise at NZD $0.26 a share to fund its 2026 Australian expansion and broaden its investor base.

AI dominates CEO earnings calls for the first time, as leaders pair record investment pledges with mounting warnings of an AI market bubble.

Tech Mahindra and Google Cloud will scale Gemini 2.5-based agentic AI to move enterprises from pilots to production-grade, governed workflows.

Gartner names Google, Microsoft, OpenAI and Palo Alto Networks as frontrunners in nearly 30 fiercely contested AI market “races”.

A fresh US rate cut ripples through New Zealand markets as tech investors reassess global liquidity, risk assets and digital exposures.

Databricks secures over USD $4bn in fresh funding, lifting its valuation to USD $134bn as demand for AI data infrastructure surges.

BlackLine snaps up WiseLayer to embed AI agents in its Verity suite, automating complex close tasks and reshaping finance team workloads.

B2B buyers are rebelling against scripted 'discovery theatre' sales, accusing vendors of wasting time, misusing AI and eroding trust.