Investment stories
EDGNEX Data Centers, part of DAMAC Group, is investing EUR 400 million in a new 40MW data centre in Madrid to meet rising global demand.
A new study reveals that 70% of telecommunications firms are adopting generative AI, outpacing other sectors in investment and implementation.
Mobii Green Energy Group has partnered with North Rakaia Ltd to launch a green hydrogen data centre in Canterbury, featuring an initial investment of USD $2 billion.
Layer has raised USD $6 million in seed funding to enhance trust in internet software, spearheading advancements in decentralised application technology.
Australian companies outpace US, UK, and Europe in AI readiness, with 90% prioritising AI literacy and GTM leaders gearing up for a 20% tech investment increase by 2025.
A Vectra AI report reveals 69% of ANZ SOC practitioners fear missing cyber threats due to legacy tools, while AI gains trust as a modern solution.
Australia and New Zealand are outpacing the world in generative AI investment, committing USD$15 million in 2024, surpassing the global average.
Lumachain, an AI supply chain platform from Sydney, secures a minority investment from Chipotle's USD $100 million Cultivate Next fund to enhance food supply transparency.
GaiaLens has been named a winner of FinTech Scotland's ESG innovation call, securing funding to enhance its Greenwashing Analytics Solution.
Kao Data has begun construction on a GBP £350 million data centre in Stockport, set to enhance Greater Manchester's digital infrastructure by 2026.
ProPal Robotics and OnRobot have unveiled Southeast Asia's first off-the-shelf palletising automation solution, targeting Singapore's SME manufacturers.
A report by the Social Market Foundation reveals the UK ranks last for 5G connectivity among 15 global markets, with coverage only 10% of the time.
Belgium-based start-up Enky launches its subscription furniture service in the UK, focusing on sustainability and the circular economy for businesses.
Oracle plans to invest over USD $6.5 billion in AI and cloud services in Malaysia, launching a new public cloud region for enhanced digital capabilities.
Google Cloud and DNeX partner to offer sovereign cloud services in Malaysia, targeting industries with strict data needs like finance and healthcare.
LitUp Network and International Gateway Company have inked a USD $300 million MoU to enhance Thailand's network infrastructure, boosting their ASEAN presence.
Capmont Technology unveils a €100 million fund to invest in B2B tech startups, boosting its total funding to €300 million.
Princeton Digital Group plans a USD $5 billion expansion in Asia, adding 500 MW in India, Malaysia, and Indonesia to meet surging AI-driven data centre demand.
UK business leaders are set to boost tech investments by 23% due to AI innovations, a new study from Seismic reveals.
UK businesses ramp up AI investment by 177% year-on-year, leveraging tools like ChatGPT and Fireflies.ai, but finance teams lag in adoption, reports Soldo.
