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☆ LatAm startups lay off staff, expect more IPOs next year - report
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, Aug 30 (Reuters) - Two-thirds of Latin American startups have laid off staff over the last 18 months, as venture capital funding fell sharply in the region, according to "Latin America Digital Transformation" report by venture capital fund Atlantico. Venture capital funding in the second quarter slumped 65% in Latin America, compared with last year, and down more than the 49% globally during the reported period. As the volume of IPOs recovers globally, venture capitalists and Latin American unicorns may return to capital markets. Fintechs are among the fastest growing startups in the region, with digital payment systems such as the Central Bank of Brazil's PIX scheme helping to increase bank account penetration in the region. The launch of a new digital payment system in Mexico, as well as the arrival of digital banks, can change the scenario, according to the report.

Persons: IPOs, Julio Vasconcellos, Tatiana Bautzer, Sherry Jacob, Phillips Organizations: Atlantico, Venture, SoftBank, Arm Holdings, Central Bank of, Thomson Locations: Latin America, Atlantico, Argentina, Mexico

☆ Ukraine showed off experimental new land drones, including one mounted with a turret
▼ + stars: | 2023-08-29 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Ukraine shared images of experimental land drones it has been testing. The photos showed one mounted with a camera and what might be a turret and a feed for ammunition:Experimental drones being tested by Ukrainian forces, seen in a photo shared on August 28, 2023 by state-affiliated media. Facebook/@Михайло ФедоровIn a post, Fedorov said that 25 drones had been tested, and shared images of four different types. Most visible have been the aerial drones which both Ukraine and Russia uses for reconnaissance, targeting, to drop bombs, and also exploding drones which detonate on impact. Ukraine has made great strides in the drone market in recent months, with companies expanding their operations to land robots, the platform added.

Persons: Mykhailo Fedorov, Fedorov, Brave1, United24, Михайло Федоров Organizations: Service, Russia, Ukrainian, Facebook, Pentagon's, Innovation Unit Locations: Ukraine, Wall, Silicon, Ukrainian, Russia, Crimea

☆ Malaysia eyes more investments to enlarge EV footprint after landmark Tesla deal
▼ + stars: | 2023-08-23 | by ( Clement Tan | ) www.cnbc.com time to read: +5 min

Tesla's groundbreaking move with Malaysia is a boost to Southeast Asia's place in the EV supply chain and the first deal under the country's Battery Electric Vehicle Global Leaders initiative. There are also plans for Tesla to embark on EV battery manufacturing in Malaysia. Anwar said Malaysia is open to more EV investments, including from Chinese automakers. Tesla Inc. signage during a launch of company's Model Y electric vehicle in Kuala Lumpur, Malaysia, on Thursday, July 20, 2023. Building readinessStill, Anwar was hesitant to say a full electric vehicle assembly line is in the pipeline.

Persons: Tesla, Anwar Ibrahim, CNBC's Martin Soong, Anwar, Elon Organizations: country's, Vehicle Global, U.S, EV, Bumiputeras, CNBC, Tesla Inc, Bloomberg, Getty, IT, Zhejiang, Infineon Technologies, Proton Locations: Malaysia, Southeast Asia, Putrajaya, Kuala Lumpur, China, Shanghai, Selangor, Malay, Tanjong Malim, Perak, Kedah, Geely

☆ In AI push, Telenor hires Google Cloud's Amol Phadke as CTO
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSummaryCompanies Telenor recruits Chief Tech Officer from Google CloudAmol Phadke to implement AI strategyTelecom sector's AI adoption is going slowly, Phadke saysAlso appoints Petter-Boerre Furberg as head of Asia unitOSLO, Aug 22 (Reuters) - Norwegian telecoms firm Telenor (TEL.OL) has recruited Google Cloud's Amol Phadke as its new Chief Technology Officer (CTO) to strengthen its AI activities, Telenor said on Tuesday. Phadke most recently headed Google Cloud's (GOOGL.O) telecom business and has previously worked for British Telecom, Alcatel-Lucent and Accenture's network services unit. He said he wanted Telenor "to use AI in all of our operations to make operations more efficient, develop new products, increase energy efficiency." Phadke said Telenor would use AI will to make business operations more efficient, for example to predict traffic demand and allocate more bandwidth to areas with more users, and to improve interactions with customers. "We do not believe that AI will directly result in job reductions," Phadke said, adding he envisaged using AI to augment and enhance, not substitute, humans in processes.

Persons: Dado Ruvic, Phadke, Petter, Boerre Furberg, Sigve Brekke, Brekke, Arentz, Rostrup, Furberg, Victoria Klesty, David Evans Organizations: Telenor, REUTERS, Google, Telecom, Technology, British Telecom, Alcatel, Lucent, Reuters, Telenor Nordics, Thomson Locations: Asia, OSLO, Norwegian, Myanmar, Bangladesh, Thailand, Malaysia, Southeast Asia

☆ Emerging tech, from AI to extended reality, is radically reshaping today's business world — and leaders who don't get on board ASAP will be left in the dust
▼ + stars: | 2023-08-21 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +14 min

As technology shapes customer habits, entire industries, and society at large, digital transformation has become a critical priority for every company. A February report from Deloitte found effective digital transformation initiatives could increase market capitalization by a staggering $1.25 trillion. From artificial intelligence to extended reality, a variety of technologies are shaping digital transformation strategies. He said he expected industries with "significant human implications," such as healthcare and space exploration, to benefit the most from digital transformation. Extended reality — a combination of virtual reality, augmented reality, and mixed reality often called "XR" — is another technology that could revolutionize organizational cultures.

Persons: Nigel Vaz, Publicis, It's, Vaz, Jean Pelletier, Pelletier, Schneider, Beth Johnson, Johnson, Tom Fairbairn, Tom Fairbairn Fairbairn, Duncan Roberts, Roberts Organizations: Technology, Morning, Deloitte, Netflix, Schneider, Schneider Electric, Citizens Bank, Amazon Prime, Amazon Web Services, Company, Imperial College London Locations: Cognizant

CNN —Russia temporarily shuttered all four major Moscow airports early on Friday morning following an alleged drone strike on the capital city, its civil aviation authority said. Moscow Mayor Sergey Sobyanin said Friday that Russian air defenses shot down a drone over the capital city overnight. The incident on Friday was the third time in the past month that this district of Moscow has been struck by drone debris. “The Kiev regime launched another terrorist attack using a drone against facilities in Moscow and Moscow region on August 18 at 4:00 Moscow time,” the ministry said in a statement, using the Russian spelling of the Ukrainian capital of Kyiv. Last month, Kyiv said Ukrainian forces carried out a drone strike in Moscow and warned more strikes were to come.

Persons: Sergey Sobyanin, “, Shamil Zhumatov, Mykhailo Fedorov, Volodymyr Zelensky, Rosaviatsiya Organizations: CNN, Russia, Moscow, Russian Defense Ministry, Reuters, Kyiv, Transformation Ministry, “ Army, Drones, Russian Association of Tour Locations: Moscow, Sheremetyevo, Zhukovsky, Expocentre, Ukraine, Kiev, Kyiv, Krasnopresnenskaya Embankment, Russia, Reuters Ukraine, Crimea, Ukrainian, Nizhny Novgorod, St, Petersburg, Minsk, Belarus

☆ Top Morningstar strategist tells investors to sell these 6 'overvalued' stocks — and names 5 to buy
▼ + stars: | 2023-08-16 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Despite last week's selloff, the strong rally this year means U.S. markets are now trading at only a small discount compared with the start of the year, says top Morningstar strategist Dave Sekera. He named six such stocks: Nvidia , Tesla , Oracle , Netflix , Apple , and Eli Lilly . Stocks to buy Still, Sekera said, there are opportunities in some stocks that investors can get into. He names five that he likes and that are still trading at a discount to their fair value. American Tower : This REIT, which owns cell phone towers, is trading at a 18% discount, Morningstar said.

Persons: selloff, Dave Sekera, CNBC's, Sekera, Eli Lilly, Morningstar, Stocks Organizations: Nasdaq, Nvidia, Tesla, Oracle, Netflix, Apple, Tech, Microsoft, Cognizant, Morningstar, Morningstar . U.S . Bancorp, U.S, Bank, Jacobs Solutions, RTX Corp, Pratt & Whitney Locations: U.S, Morningstar .

☆ Google to train 20,000 Nigerians in digital skills
▼ + stars: | 2023-08-15 | by ( Felix Onuah | ) www.reuters.com time to read: +1 min

The logo of Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCompanies Google Inc FollowAlphabet Inc FollowABUJA, Aug 15 (Reuters) - Google plans to train 20,000 Nigerian women and youth in digital skills and provide a grant of 1.2 billion naira ($1.6 million) to help the government's create one million digital jobs in the country, its Africa executives said on Tuesday. Nigeria plans to create digital jobs for its teeming youth population, Vice President Kashim Shettima told Google Africa executives during a meeting in Abuja. Google Africa executives said a grant from its philanthropic arm in partnership with Data Science Nigeria and the Creative Industry Initiative for Africa will facilitate the programme. Google director for West Africa Olumide Balogun said the company would commit funds and provide digital skills to women and young people in Nigeria and also enable startups to grow, which will create jobs.

Persons: Andrew Kelly, Kashim Shettima, Shettima, West Africa Olumide Balogun, Charles Murito, Felix Onuah, Chijioke Ohuocha, Josie Kao Organizations: Google, Chelsea, REUTERS, Google Africa, Data Science, Creative Industry Initiative, West Africa, Thomson Locations: Manhattan , New York City, U.S, ABUJA, Africa, Nigeria, Abuja, Data Science Nigeria

☆ How A.I. can help create jobs for humans, not just automate them
▼ + stars: | 2023-08-10 | by ( Rachel Curry | ) www.cnbc.com time to read: +5 min

In this article UPWK Follow your favorite stocks CREATE FREE ACCOUNTMemorystockphoto | Istock | Getty ImagesFor organizations creating a long-term strategy around generative artificial intelligence, the technology has the capacity to create jobs for humans, not just automate them. Then there are even more nuanced roles, such as AI ethicists (whose job is, essentially, to maintain a responsible AI framework). Not only are there more types of jobs as a result of the generative AI boom, but companies are actually hiring more because of the generative AI surge. That's why experts say upskilling existing employees is essential to any organization's AI integration. AI is fast — business consulting firm Accenture's report on so-called "AI maturity" predicts that AI transformation will occur 13% faster than overall digital transformation through 2024.

Persons: Margaret Lilani, upskilling, Ger Doyle, Doyle, " Doyle, Lilani, onboarding, it's Organizations: Istock, AI, Hire, SAS, Talent Survey

☆ A Ukrainian making gear for the war says his cheap tech wouldn't work against the US or China, but 'we're fighting the Russians'
▼ + stars: | 2023-08-10 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

A Ukrainian producer of cheaper headsets for troops said they wouldn't work against China or the US. The company is part of an incubator that includes 100s of projects making military tech for Ukraine. Misha Rudominski, the cofounder of Himera Tech, which makes jam-resistant radio handsets, told Bloomberg that his technology "wouldn't defeat US or Chinese electronic warfare systems, but it doesn't need to. Himera Tech is part of a Ukrainian government incubator that has hundreds of projects making military technology. Himera Tech started working on its headsets after Russia invaded Ukraine in February 2022, trying to make more affordable models for Ukraine's military to use.

Persons: Misha Rudominski, Rudominski, Mykhailo Fedorov Organizations: Service, Himera Tech, Bloomberg, Himera Locations: Ukrainian, China, Ukraine, Wall, Silicon, Russia

☆ Want to work in tech? Don't work in tech.
▼ + stars: | 2023-08-08 | by ( Tien Tzuo | ) www.businessinsider.com time to read: +8 min

I advise young engineers today to work for Fortune 500 companies, not Big Tech. Today, however, he's working on a project for a different kind of tech company: John Deere. There is no magic at Big Tech companies, there's only money. And Fortune 500 companies simply don't have the luxury of buying talent just to park it. Today, all companies are tech companies, and they all want to see more recurring revenue in their business models, which means they need smart, restless engineers.

Persons: moonshots, Jon Weisz, John Deere, Weisz, Peter Thiel, that's, Philips, Ford, Tien Tzuo, Tzuo Organizations: Fortune, Big Tech, Corporations, Oracle, Apple, Nike, Honeywell, Volvo, Boeing, Whirlpool, Technologists, Facebook, Consumer, SEI, Microsoft, EV, Cornell, Stanford Locations: Columbia, Baltimore, Hulu, Atlanta, Salesforce

☆ How Warner Bros. Discovery's MotorTrend beat the odds and went from magazine publisher to a 9-figure video and digital business
▼ + stars: | 2023-08-08 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Digital and video content has become a nine-figure business with shows aimed at a broad audience. Building on its linear channel MotorTrend TV and DTC business MotorTrend+, it launched Warner Bros. Discovery's first free, ad-supported TV (FAST) channel last October, and it's slated to roll out its first Spanish-language FAST TV channel, MotorTrend Veloz TV, in August. Discovery formed a joint venture in 2017 of MotorTrend and its cable channel Velocity (since renamed MotorTrend TV). MotorTrend's FAST channel launch last fall on Samsung TVs coincided with Samsung launching its own automotive channel, Ride or Drive, for example.

Persons: Kevin Hart's, Hart, It's, MotorTrend, Alex Wellen, Discovery's, MotorTrend MotorTrend, jumpstart MotorTrend, Discovery, Wellen, Rob Corddry, Mike Suggett, Suggett, Kevin Hart, there's, — Organizations: MotorTrend Group, Warner Bros, Automobile, Harvard Business, Discovery Communications, Scripps Networks Interactive, HGTV, Food Network, CNN Worldwide, FAST, Samsung, YouTube Locations: MotorTrend, That's

☆ Akamai Technologies forecasts upbeat third-quarter revenue, profit
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +2 min

The Cambridge, Massachusetts-based company forecasts revenue to be between $937 million and $952 million for the quarter ending Sept. 30, compared with analysts' average estimate of $931 million, according to Refinitiv data. The company expects adjusted profit per share for the third quarter to be between $1.48 and $1.52, while analysts estimated $1.41. Akamai also raised its full-year revenue forecast to between $3.77 billion and $3.80 billion, compared with its prior projection of $3.74 billion to $3.79 billion. Security and compute revenue, which formed 59% of the company's total revenue in the quarter, grew 14% over the year earlier, the company said. Excluding items, the company's profit per share was $1.49, compared with analysts' expectations of $1.41.

Persons: Akamai, Rishi Jaluria, Jaluria, Zaheer Kachwala, Jaspreet Singh, Shilpi Majumdar Organizations: Akamai Technologies, Wall, RBC Capital Markets, U.S . Department of Labor, Census Bureau, Department of Defense, eBay, Electronic Arts, Thomson Locations: Cambridge , Massachusetts, Bengaluru

☆ Top Wall Street analysts are banking on these stocks for solid returns
▼ + stars: | 2023-08-06 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

In this article GMMSFTSPOTMETADPZ Follow your favorite stocks CREATE FREE ACCOUNTThe Spotify logo on the New York Stock Exchange, April 3, 2018. Here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. Domino's PizzaMeta PlatformsNext up is Meta Platforms (META). Nonetheless, Goldman Sachs analyst Kash Rangan, who ranks 459th among more than 8,500 analysts tracked on TipRanks, remains bullish on MSFT stock. However, he observed that historically, whenever Microsoft increased its capital expenditure in the cloud market, Azure growth rate shot up meaningfully and margins rebounded, driving the stock price higher.

Persons: Lucas Jackson, Wall, Brian White, White, Goldman Sachs, Kash Rangan, Rangan Organizations: GM, New York Stock Exchange, Reuters, Meta, TipRanks, Spotify, Microsoft, General

☆ Russia's war is coming home as drone strikes hit Moscow. What does it mean for the conflict?
▼ + stars: | 2023-08-05 | by ( Rob Picheta | ) edition.cnn.com time to read: +10 min

London CNN —Ukrainian drone strikes taking place inside Russia once seemed an unthinkable prospect. A string of drone strikes have peppered Russian cities including Moscow throughout the summer. A damaged building in Moscow following last weekend's drone strikes. But anecdotal accounts at least speak to the impact of drone strikes on those in the vicinity of the attacks. But after almost eighteen months of disorganization and discord, the reality that Russia’s military plans are flailing has been increasingly hard to deny.

Persons: Volodymyr Zelensky, “, ”, Evgenia Novozhenina, ” Douglas Barrie, Mykhailo Fedorov, ” Keir Giles, we’ve, ” Giles, Barrie, ” Barrie, Stringer, Yurii, “ There’s, Vladimir Putin’s, Yuri Kochetkov, Shutterstock, June’s Wagner, Russia –, Karine Jean, Pierre Organizations: London CNN, Kyiv, Kremlin, Reuters, Military Aerospace, International Institute for Strategic Studies, CNN, Transformation Ministry, “ Army, Drones, Chatham House, “, West, NATO, Getty, Russia Kyiv, Ukraine’s Air Force, Institute for Locations: Ukrainian, Russia, Moscow, Reuters Ukraine, Kyiv, Ukraine, AFP, Kremlin, Russian, United States

☆ Lumen Technologies shares slide after posting loss of nearly $9 billion
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

A street sign marks Wall Street outside the New York Stock Exchange (NYSE) in New York, U.S., February 24, 2022. REUTERS/Caitlin Ochs/File PhotoAug 1 (Reuters) - Lumen Technologies (LUMN.N) reported a massive quarterly net loss of $8.74 billion on Tuesday, hurt by an impairment charge of nearly $9 billion in the second quarter. The company, whose second-quarter loss was more than four times its $2 billion market capitalization, recorded a steep fall from a profit of $344 million a year ago. The company said its long-term debt at the end of the second quarter was $19.9 billion, down from $20.42 billion, at the end of last year. Revenue in the second quarter stood at $3.66 billion, narrowly missing analysts' average estimate of $3.67 billion, according to Refinitiv data.

Persons: Caitlin Ochs, Lumen, Yamini Organizations: New York Stock Exchange, REUTERS, Lumen Technologies, Revenue, Thomson Locations: New York, U.S, Monroe , Louisiana, Bengaluru

☆ Amazon to invest $7.2 bln in Israel, launches AWS cloud region
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

Aug 1 (Reuters) - Amazon.com (AMZN.O) said on Tuesday it is planning to invest about $7.2 billion through 2037 in Israel, and launched its Amazon Web Services (AWS) data centers in the country. Amazon's cloud services in the region will allow the country's government to run applications and store data in data centers located in Israel. AWS is Amazon's cloud computing platform, used by companies such as Netflix (NFLX.O), General Electric (GE.N) and Sony (6758.T), enabling storage, networking and remote security. With the expansion, AWS will be available in 32 geographic regions, the company said, adding that its investment in Israel will contribute about $13.9 billion to Israel's gross domestic product. Reporting by Zaheer Kachwala in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Yali Rothenberg, Zaheer Kachwala, Krishna Chandra Organizations: Web Services, Netflix, General Electric, Sony, Thomson Locations: Israel, Bengaluru

CNN —Three drones were intercepted in “Moscow City” in an attempted attack on Sunday on the business and shopping development in the west of the Russian capital, Russia’s Ministry of Defense said. Russian state news agency TASS reported the attack, attributing it to security sources. Second drone attack in a weekSunday’s drone attack was the second reported in Moscow in the past week. Ukrainian forces carried out drone strikes on July 24, Ukrainian officials confirmed with CNN, adding that security forces were responsible for the strike. Russian officials said it was a “terrorist attack of the Kiev regime.”Ukrainian Minister Mykhailo Fedorov whose Digital Transformation Ministry oversees the country’s “Army of Drones” procurement plan, said there would be more strikes to come.

Persons: “, ”, Yurii Malashko, Mykhailo Fedorov, Stringer, Vladimir Putin, Putin Organizations: CNN, ”, Russia’s Ministry of Defense, Defense Ministry, Russia’s Defense Ministry, TASS, Interior Ministry, Transformation Ministry, “ Army, Drones Locations: “ Moscow, Russia’s, Odintsovo, Moscow, Moscow City, Russia, Crimea, Ukraine, Russian, Ukrainian, Sumy, Zaporizhzhia, Kiev, Russian Africa, St . Petersburg

☆ Capgemini CEO says the appetite from clients for digital transformation remains 'extremely strong'
▼ + stars: | 2023-07-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCapgemini CEO says the appetite from clients for digital transformation remains 'extremely strong'Aiman Ezzat, CEO of Capgemini, discusses first-half profits and why there is a softness in the market.

Persons: Ezzat

☆ Russia had a super-advanced air defense system within 300 meters of a drone attack in Moscow, but failed to shoot it down
▼ + stars: | 2023-07-25 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

A drone attack close to Russia's Defence Ministry on Monday left two buildings damaged. But less than 300 meters away from the attack, Russia has an air defense system, Radio Liberty reported. The defense system was not activated on the morning of the attack, eyewitnesses told Radio Liberty. "As for the development of the defense system, ensuring its more intensive work, this is a question for the Ministry of Defense." Ukraine has not formally accepted responsibility for the attack, though one unnamed intelligence official told CNN that Kyiv was behind it.

Persons: Dmitry Peskov, Peskov, Mykhailo Fedorov Organizations: Russia's Defence, Radio Liberty, Service, Russia, Drones, Russia's Ministry of Defence, Pravda, Ministry of Defense, Russia's Foreign Affairs Ministry, Ukraine, Ukrainian Pravda, CNN, Kyiv Locations: Russia, Wall, Silicon, Moscow —, Russian, Ukrainian, Ukraine

☆ New IT spending survey bodes well for 7 tech stocks in A.I. to cloud to cybersecurity
▼ + stars: | 2023-07-12 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Analysts at Morgan Stanley published the results of their second-quarter CIO survey, providing valuable insight into information technology budget expectations. Cloud and cybersecurity Digging a bit deeper, the survey reveals that cloud computing and security software remain the top two priorities for CIOs followed by artificial intelligence/machine learning. The analysts singled out Microsoft as the most exposed to the two major themes of the survey — generative AI via ChatGPT and cloud consumption via Azure. Cloud and AI enablers All of this also bodes well for the names that make cloud computing, generative AI, and LLMs possible. Importantly, the demand is not only coming from cloud service providers (CSPs) but also from enterprise players and AI startups.

Persons: Morgan Stanley, Bard, Dell, Salesforce, Jim Cramer's, Jim Cramer, Jim, Bing, Jonathan Raa Organizations: Microsoft, Google, Web Services, Club, Software, Hewlett Packard Enterprise, Palo Alto Networks, Alto, Nvidia, Devices, AMD, CNBC, Nurphoto, Getty

☆ Vietnam's digitalization efforts fuel startup scene
▼ + stars: | 2023-07-12 | by ( Nyshka Chandran | ) www.cnbc.com time to read: +2 min

Vietnam's tech startups are reaping the benefits as the country sets its sights on becoming a fully digital society by 2030. In 2021, new startup support centers Hanoi, Da Nang and Ho Chi Minh City were announced. It ranked third in terms of deal count in Southeast Asia, and fourth in deal value last year, the report said. Notably, domestic funds were the top investors in local startups last year, accounting for 45% of total deal value. However, the total value of investment in Vietnamese startups was only $634 million in 2022 — down 56% year-on-year from the record high of $1.4 billion in 2021, the report noted.

Persons: Momo, Sky Mavis Organizations: French IT, World Bank, Ventures, National Innovation Center, Ministry of Planning, Investment Locations: French, Ho Chi Minh City, Silicon, Hanoi, Da, Southeast Asia

☆ Salesforce raises prices for the first time in 7 years. What it means for the stock
▼ + stars: | 2023-07-11 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +5 min

Salesforce (CRM) on Tuesday took another step to deliver profitable growth — a welcome development for investors, like us, which sent its stock price higher. Investors appeared upbeat around the list price increases, which Salesforce said are the first in seven years. "I don't expect it to impact churn much," said Berg, who has a buy rating and $230-per-share price target on Salesforce stock. It's worth noting, large customers will usually negotiate with Salesforce to secure a discount to a product's list price. Previously, a customer who bought 100 licenses at a 20% discount to the old list price would've generated $24,000.

Persons: Salesforce, Needham, Scott Berg, Berg, Mizuho, Marc Benioff's, Benioff, He's, Jim Cramer's, Jim Cramer, Jim, Marc Benioff, Salesforce.com, David Paul Morris Organizations: Service, Industries, Nasdaq, Nvidia, Palo Alto Networks, Devices, CNBC, Salesforce, Mizuho Securities, Bloomberg, Getty Locations: Palo, San Francisco

☆ How Singapore has become a leading force in tech innovation
▼ + stars: | 2023-07-07 | by ( Sponsor Post | Created Insider Studios With Edb Singapore | ) www.businessinsider.com time to read: +8 min

Over 13 years ago, AvePoint, a SaaS solutions provider based in New Jersey, recognized the potential of Southeast Asia and found its entry point in Singapore. "While Singapore is a very small country, the country's focus on talent development and productivity results in it leading the forefront of innovation with a strong tech ecosystem for talent and corporate success," he said. In Singapore, ServiceNow was able to access a unique business partnership with Singapore Airlines, the world's most-awarded airline and one of the region's largest customers, developing a system called SQNow, which streamlines and manages IT workflows. "Being successful in Singapore is often a gateway into other markets around Southeast Asia," Nehammer added. Why Singapore's brand continues to thriveSingapore's ascent as a global tech powerhouse is anchored on the pillars of innovation, business networks, and robust tech infrastructure.

Persons: Tianyi Jiang, ServiceNow, it's, Jiang, Nehammer, AvePoint Organizations: ASEAN, Association of Southeast Asian Nations, Singapore government's Smart, Smart, Singapore, Singapore Airlines, NCS, Tech, Monetary Authority of Singapore, MAS, Higher, Insider Studios, Singapore Economic Development Board Locations: Singapore, New Jersey, Southeast Asia, Asia, Rhode

☆ Inside Ukraine's tech push to counter Russian 'suicide' drone threat
▼ + stars: | 2023-07-05 | by ( Tom Balmforth | ) www.reuters.com time to read: +6 min

One man arrived in shorts and a baseball cap with a large drone under his arm. Another participant, Yuriy, an engineer and deputy head of a Ukrainian company, said his team presented designs for new anti-drone electronic warfare systems that would be more effective against Shaheds. "This really is an unprecedented war of drones," Fedorov said, adding that Ukraine's military technology innovation had boomed since Russia's invasion. Anatoliy Khrapchynskyi, who works for a firm developing electronic warfare technology, contrasted Ukraine's approach to technological innovation with Russia's. "There were seven companies that could sell drones to the state when we began this project last year.

Persons: Yuriy Motov, Alina Smutko, Mykhailo Fedorov, Oleksandr Kubrakov, Fedorov, Oleksandr, Yuriy, Yurii, Shchyhol, Anatoliy Khrapchynskyi, ", " Fedorov, Tom Balmforth, Mike Collett, White, Gareth Jones Organizations: REUTERS, Russian, Reuters, Shaheds, Army, Defence Ministry, Thomson Locations: Ukraine, Russia, KYIV, Kyiv, Ukrainian, Yemen, Syria, Nagorno, Karabakh, China

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