tech

Tech companies push remote work global

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Technology companies seek more global remote talent as a result of COVID-19 according to a new report from Velocity Global, the leading provider of global expansion solutions.

Responses from 1,000 U.S. and UK tech company decision-makers highlight that 65% of U.S. tech companies and 46% of UK tech companies will maintain or increase their global remote workforce this year.

“The global pandemic forced the biggest workforce shift in modern history as businesses adopted remote work en masse overnight, and the changes are permanent,” said Velocity Global founder and CEO Ben Wright. “The worker fundamentally separated from the workplace, including transcending borders. Companies now use the tech tools and manage remote teams almost exclusively. The comfort level rose in 2020 and companies seek top talent around the world like never before.”

Remote Work By the Numbers

The switch to remote work in response to the pandemic inspired lasting

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‘Rolls-Royce will become Britain’s best tech stock’

Technology companies have unquestionably been the winners of the pandemic. Share prices rocketed last year as millions grew accustomed to lockdown life and relied more than ever on their products.

Funds that invest in these companies soared and the Fidelity Global Technology fund was no exception: it has returned 40pc over the past 12 months, ahead of the 36pc from a global index of tech stocks.

Hyun Ho Sohn, who has run the £8.2bn fund since 2013, is now turning his attention to life after the pandemic and the stocks poised to take off when we exit lockdown. He tells Telegraph Money why he thinks not all technology shares are expensive and why one household name should be seen as one of Britain’s tech leaders.

Who is the fund for?

The fund is for any investor looking for long-term returns from the technology sector. Technology is used in our daily

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2020 tech transformation: Year in review

The year 2020 proved to be a pivotal one in tech, as companies provided essential services during the coronavirus pandemic and unveiled 5G telecom technology while facing unprecedented antitrust scrutiny and accusations of censorship amid an intense election and social justice movement.

“I think sometimes we hear that … U.S. innovation is slowing down, and I think the last year has shown that that’s not really the case,” Neil Chilson, senior research fellow for tech and innovation at the Charles Koch Institute, told Fox News. 

Chilson gave examples of the country’s rapid COVID-19 vaccine development, SpaceX’s astronaut launch in May and autonomous driving company Waymo’s recent announcement that its self-driving cars will be completely autonomous in trials in Phoenix.

“I’m pretty excited about the future. I think 2020 shows that the U.S. is still the world leader in tech and innovation, and we should continue to maintain our cultural

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Voice Recognition Tech Privacy and Cybersecurity Concerns

A new report released by Global Market Insights, Inc. last month estimates that the global market valuation for voice recognition technology will reach approximately $7 billion by 2026, in main part due to the surge of AI and machine learning across a wide array of devices including smartphones, healthcare apps, banking apps and connected cars, just to name a few. Whether performing a quick handsfree search on your phone or car command while driving, voice recognition technology has enhanced the effortlessness of consumer use. Particularly in the wake of the COVID-19 pandemic, companies that may never have considered voice-recognition technology are now rethinking their employee access control systems, and considering touchless authorization technologies, like voice recognition, as the main form of entry into their workspace, as opposed to fingerprint scanners or keypads that increase the risk of germs or virus spreading.

But while the ease and

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Clean Up Your Portfolio: The CTEC Renewable Tech ETF

ETF investors may want to start cleaning up their portfolios ahead of the New Year, with a clean energy technology fund in the Global X CleanTech ETF (CTEC) being one bright idea.

CTEC seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global CleanTech Index. The fund invests at least 80% of its total assets, plus borrowings for investments purposes, in the securities of the index and in ADRs, GDRs based on the securities in the index.

The index is designed to provide exposure to exchange-listed companies that are positioned to benefit from the increased adoption of technologies focused on improving the efficiency of renewable energy production and/or mitigating the adverse environmental effects of resource consumption. Overall, the fund gives investors exposure to:

  • High Growth Potential: CTEC enables investors to access high growth potential through companies at
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Supply chains will see a split, tech to play a bigger role: Investor

CEO and Founder of North Summit Capital Min Wanli speaks during Day 2 of CNBC East Tech West on November 18, 2020 in Nansha, Guangzhou, China.

Dave Zhong | Getty Images for CNBC

A split between global and local supply chains will be important in the event of another crisis like the global pandemic, said the chief executive and founder of investment firm North Summit Capital.

“I believe there’s a bifurcation of the global supply chain into global and local,” said Min Wanli of technology-focused North Summit Capital.

A supply chain is a network between a company and its suppliers to produce and distribute the firm’s products.

“For the critical supply systems, they’ve got to have the self-contained local ecosystem, especially in the next crisis like the … coronavirus,” he told CNBC’s Evelyn Cheng. On the other hand, the pandemic has also shown that a “resilient and also highly

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