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Elon Musk s golden age of tech innovation is coming
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Capital One To Deliver Mixed Results In Q1?
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A digital skills gap signals a rebound in tech services spending
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Recent survey data from Enterprise Technology Research shows that enterprise tech spending is tracking with projected U.S. GDP growth at 6% to 7% this year. And many markers continue to point the way to a strong recovery including hiring trends and the loosening of frozen information technology project budgets.
However, skills shortages are blocking progress at some companies, which bodes well for an increased reliance on external IT services. Moreover, while there’s much talk about the rotation out of work-from-home plays such as videoconferencing, virtual desktop infrastructure and other remote worker tech, we see organizations still trying to figure out the ideal balance between funding headquarters investments that have been neglected and getting hybrid work right. In particular, the talent gap combined with a digital mandate means companies face some tough decisions as to how to
Was The Smart Money Right About Mercadolibre Inc (MELI)?
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Updated April 21 with start of trading:
Shares of automation technology platform startup UiPath Inc. jumped 23% in trading Wednesday after the company’s initial public offering raised $1.4 billion.
The company late Tuesday sold 23.9 million Class A shares at $56 per share, Reuters reported. That’s above an indicated price range of $52 to $54 per share that the company announced Tuesday, which itself was up from an original price range of $43 to $50 quoted in a filing with the Securities and Exchange Commission last month.
Some 9.4 million of the shares sold were owned by UiPath, with the remaining 14.5 million sold by existing investors. The shares start trading publicly today on the New York Stock Exchange under the ticker symbol “PATH,” gaining more than $13 a share to close at $69.22.