Global IT spend set for 9,8% growth in 2025

Global IT spend set for 9,8% growth in 2025

Worldwide IT spending is expected to total $5,61-trillion in 2025, an increase of 9,8% from 2024, according to the latest forecast by Gartner. “While budgets for CIOs are increasing, a significant portion will merely offset price increases within their recurrent...

Stargate puts down $100bn for AI infrastructure

US president Donald Trump has announced a new joint venture, Stargate, that will immediately unlock $100-billion in infrastructure projects to power artificial intelligence (AI). The initial equity funders in Stargate are SoftBank, OpenAI, Oracle, and MGX. SoftBank...

Trump’s AI initiative a wake-up call for investors

US President Donald Trump’s announcement of a $100-billion artificial intelligence (AI) investment venture, with industry leaders such as SoftBank’s Masayoshi Son, OpenAI’s Sam Altman, and Oracle’s Larry Ellison at the helm, confirms that investors should be looking...

Critical minerals group braces for US policy shifts

The Critical Minerals Africa Group (CMAG), the advocacy group seeking to foster deeper relations between Africa and global markets and put Africa at the heart of international discussions surrounding critical minerals policy, is working closely with its members and...

Robust growth forecast for distributed cloud networking

The distributed cloud networking market is projected to grow from $4-billion in 2023 to $17-billion by 2028 – a compound annual growth rate (CAGR) of 34% percent – according to a new report from Dell’Oro Group. This growth is driven by enterprises’ transition to...