investments

AI will drive economic growth in the West

Global investments in fintech ventures doubled last year to US$55.3 billion due to a surge in funding in China and gains in other markets according to a new Accenture report. In Australia, fintech startups raised US$756.7 million last year, doubling the amount of $322.3 million in 2017. Accenture said this

chart business investment growth asia pacific

Last year venture capital investments in Australia hit a record high, skyrocketing 36 per cent to US$899.05 million. Globally VC investments set a new record, jumping from US$175 billion in 2017 to US$255 billion. The figures come from the quarterly report, Venture Pulse Q4 2018 published by KPMG. In the last quarter,

National Australia Bank is investing an additional $50 million in its corporate venture capital fund NAB Ventures, taking the total fund to $100 million until 2020. Todd Forest managing director at NAB Ventures said the company is doubling down on backing innovative third-party companies that can bring desired assets to

Digital investments, especially in the industrial economy, will drive strong growth in IT spending around the world in 2015, according to research company Gartner. Spending in 2015 is expected to rise by 3.9 per cent over this year’s level, according to Gartner’s worldwide head of research, Peter Sondergaard. He made