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Read about the impacts of the innovation economy in the United States and around the world.
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2024-09-26 – Global Innovation Index 2024
This year’s Global Innovation Index (GII) highlights the growing significance of “social entrepreneurship,” a crucial source of innovation often overlooked by policymakers, innovation economists, development agencies, and funding institutions. “At every level—local to global—and across social, economic, and environmental areas, creativity is needed to reinvent globalization and to reconcile sustainability, equality, and prosperity. In the end, it is no surprise that some of the top GII innovation economies in North America, Europe and Asia also boast some of the most active global science, technology, and innovation clusters. GII data, especially at city level, can guide the policies and investments needed to support these efforts effectively.”— GII Co-Editor and President of IMD’s Smart City Observatory Bruno Lanvin
2024-09-23 – JPMorgan to bump up Asia-Pacific headcount to capture innovation economy opportunities
JPMorgan Chase plans to expand its corporate banking team across Asia next year as it eyes growing business opportunities from intra-Asia trades, the innovation economy and payment services, according to executives of the US bank. “We aim to add 10 per cent headcount to the corporate banking team across Asia next year,” said Oliver Brinkmann, Asia-Pacific co-head of global corporate banking.
2024-09-22 – The enduring US-UAE partnership is united by innovation and progress
When it comes to advanced technologies and artificial intelligence, few countries are working as closely and moving as quickly together as the United States and the UAE. The U.S. Silicon Valley and the UAE “Silicon Oasis” are driving AI research and innovation toward the frontier. And they are doing so in partnerships that span labs, boardrooms, and advanced production facilities. The drive along Sheikh Zayed Road from Abu Dhabi to Dubai feels very familiar to any American tech executive, with Google, Meta, IBM, and Microsoft signs lighting the way. This week, Abu Dhabi’s technology investment firm MGX joined with Microsoft, U.S. investment firm BlackRock, and others to launch a new technology infrastructure investment platform. Over the past year, Silicon Valley’s Cerebras teamed up with the UAE’s G42 to deploy several of the world’s fastest supercomputers for AI training in California and Texas. Mubadala’s transformational investment in NY-based GlobalFoundries is helping to expand U.S. semiconductor manufacturing and adding thousands of jobs to the region’s innovation economy. G42 is also partnering with Microsoft’s Azure on a new cloud computing platform in the UAE and working with other U.S. tech leaders like Nvidia, AMD, VAST, and Qualcomm to scale up advanced technology infrastructure in the UAE.
2023-11-14 – Collective Global Launches as a Next-Generation Venture Capital Firm With More Than $1 Billion in Assets Under Management
Jointly owned by leading asset owners alongside a management team led by co-Chief Executive Officers Sheel Tyle and Daniel Adamson, Collective Global creates strategic partnerships with venture managers and founders, serving as a bridge between the innovation economy and sophisticated institutional investors.