Collaborate Disseminate
Global spending on AI is forecast to double over the next four years, growing from $50.1 billion in 2020 to more than $110 billion in 2024. According to IDC, spending on AI systems will accelerate over the next several years as organizations deploy art… Continue reading Worldwide AI spending to reach more than $110 billion in 2024
In what felt like strange timing, Salesforce has confirmed a report in yesterday’s Wall Street Journal that it was laying off around 1000 people or approximately 1.9% of the company’s 54,000 strong workforce. This news came in spite of the company reporting a monster quarter on Tuesday in which it passed $5 billion in quarterly […] Continue reading Salesforce confirms it’s laying off around 1000 people in spite of monster quarter
Today is the day for huge VC returns. We talked a bit about Sequoia’s coming huge win with the IPO of game engine Unity this morning. Now, Sequoia might actually have the second largest return among companies filing to go public with the SEC today. Sequoia strikes gold with Unity’s IPO filing Snowflake filed its […] Continue reading Sutter Hill strikes ice-cold, $2.5B pre-market return with Snowflake’s IPO filing
As companies shift to remote work and move business operations online because of the spread of COVID-19, they are increasingly relying on cloud services. Unexpected expenses and cloud migration In fact, cloud spending hit a record $34.6 billion in the … Continue reading How can companies avoid the risks of unexpected expenses related to cloud migration?
Trends in BEC and email security during Q2 2020 included a peaking and plateauing of COVID-19-themed email attacks, an increase in BEC attack volume and acceleration of payment and invoice fraud, according to an Abnormal Security report. The report als… Continue reading Brand impersonation is a go-to tactic for attackers, especially for credential phishing and BEC attacks
Organizations that invest in key capabilities today to navigate a post COVID-19 business environment can position themselves to thrive in the “next normal”, according to a Deloitte survey. The survey also found that expectations for positiv… Continue reading Save-to-transform as a catalyst for embracing digital disruption
Umpqua Bank released a survey gauging the impact of the COVID-19 pandemic on the confidence and future of U.S.-based small and mid-size businesses. More than 1,200 leaders at companies across all industries and geographic regions were surveyed on how t… Continue reading Pandemic accelerates investments in tech, automation, workplace transformation
Buildots, a Tel Aviv and London-based startup that is using computer vision to modernize the construction management industry, today announced that it has raised $16 million in total funding. This includes a $3 million seed round that was previously unreported and a $13 million Series A round, both led by TLV Partners. Other investors include […] Continue reading Buildots raises $16M to bring computer vision to construction management
The growth of digital banking has opened up a wealth of opportunities for making the world of finance more accessible and transparent to a greater number of people. But the darker underbelly is that it has also created more avenues for illicit activity to flourish, with some $2 trillion laundered annually but only 1-3% of that […] Continue reading ComplyAdvantage nabs $50M for an AI platform and database to detect and stop financial crime
Based on responses from 1,000 U.S. cardholders who are familiar with contactless credit/debit card or “tap and pay” technology, a new Entrust Datacard survey reveals that 75% of U.S.-based payment cardholders prefer contactless cards as their primary p… Continue reading 75% of cardholders prefer contactless cards to other payment methods