Investment stories - Page 8

Commercial revenue from quantum technology is set to soar from USD $2.7 billion in 2024 to USD $9.4 billion by 2030, a new study reveals.

Oracle has unveiled Oracle Cloud Success Protection and Assurance Services, enhancing cloud investments with proactive support, guided learning, and 24/7 technical assistance.

A survey by OutSystems and KPMG reveals that AI adoption has cut development time by up to 50% for 75% of software executives, reshaping their roles.

Forrester's 2025 Predictions reports forecast AI and tech trends, highlighting AI investment pitfalls and increased AIOps adoption to manage tech debt.

QuantumLight, led by Revolut's CEO Nik Storonsky, releases a playbook for tech startup founders on building high-performance teams, based on Revolut's success.

STT GDC to invest USD $3.2 billion in India's data centre expansion, tripling its IT load capacity over the next 5-6 years amid rising digital demand.

Aerospike reports a 51% revenue surge in Q2 2024, fuelled by rising demand for scalable AI solutions and bolstered by a $114m investment.

Zendesk launches an outcome-based pricing model for its AI agents, aligning costs with resolved issues to enhance transparency and ensure tangible returns.

SleekFlow secures USD $7 million in Series A+ funding led by Atinum Investment, pushing its total to USD $15 million to fuel global expansion and AI advancements.

MicroLED technology is set to revolutionise automotive displays and lighting, offering superior brightness, durability, and energy efficiency for safer driving.

Rimini Street CEO Seth Ravin has discussed the company's rise and strategies to help clients optimise IT budgets amidst economic pressures.

CD&R and CVC will co-own Epicor, a leader in enterprise SaaS, under a new agreement enhancing SaaS migration and global expansion; financial terms undisclosed.

GenAIxOps unites generative AI, AIOps, and cross-domain observability, revolutionising IT operations for businesses, boosting efficiency, security, and cost savings.

ColorTokens targets 40% growth in APAC by bolstering its partner-driven programme and appointing new leadership, citing rising cyber-attack concerns in the region.

Retailers are gearing up for the new financial year with increased investments in cyber security, personalisation, and artificial intelligence to boost growth.

A Juniper Research study predicts operator investment in Open Radio Access Networks will hit USD $11 billion by 2029, up from USD $2 billion in 2024.

At least 30% of generative AI (GenAI) projects will be abandoned after proof of concept by the end of 2025, due to poor data quality, inadequate risk controls.

Despite rising cybersecurity investments, a new Appsbroker CTS survey reveals a growing sense of insecurity among UK's IT leaders, with 87% losing sleep over cyber risks.

An IT outage caused by a faulty update from CrowdStrike halted 8.5 million Windows PCs, disrupting airlines and the NHS; a fix and reboot are now advised.

Organisations are significantly boosting their generative AI investments, with nearly a quarter now integrating the technology, up from 6% in 2023.