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5 hot IT budget investments — and 2 going cold

CIO Business Intelligence

The numbers are higher from Foundry’s 2023 State of CIO survey , which finds that 91% of CIOs expect their tech budgets to either increase or stay the same in 2023. CAGR through 2026, Fernandez notes. Related: 6 tips for making the most of a tight IT budget Budgeting, IT Leadership, IT Strategy

Budget 145
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Equinix to cut 3% of staff amidst the greatest demand for data center infrastructure ever

Network World

The news comes amidst reports that the company also plans to close its infrastructure as a service (IaaS) division Metal in 2026, and in the wake of the appointment of new CEO Adaire Fox-Martin and a shakeup in its C-suite that saw the departures of CIO Milind Wagle and CISO Michael Montoya.

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Seattle considers expanding ‘JumpStart’ tax on big businesses to plug budget deficit

GeekWire

The city this week released findings from a report detailing ideas for progressive taxes to help plug a budget gap that is expected to reach $221 million in 2025 and grow by another $207 million in 2026. Seattle considers expanding 'JumpStart' tax on big businesses to plug budget deficit by GeekWire on Scribd

Budget 98
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Seattle mayor wants to tap more revenue from payroll tax on big business to plug budget holes

GeekWire

GeekWire File Photo / Taylor Soper) Seattle Mayor Bruce Harrell on Tuesday announced details of his planned 2025-26 budget, which includes $287 million collected from the Payroll Expense Tax to plug holes in the city’s general fund. Seattle’s overall budget is $8.3 and Arlington, Va. ”

Budget 62
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Gartner projects major IT spending increases for 2025

CIO Business Intelligence

By 2026, hyperscalers will have spent more on AI-optimized servers than they will have spent on any other server until then, Lovelock predicts. Free the AI At the same time, most organizations will spend a small percentage of their IT budgets on gen AI software deployments, Lovelock says. Next year, that spending is not going away.

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City report: Seattle faces stronger economic headwinds due to cooling tech sector, remote work

GeekWire

(GeekWire Photo / Kurt Schlosser) Seattle faces stronger economic headwinds compared to the rest of the country due in part to its reliance on the technology industry, according to a revenue report released by city’s budget office this week. The city’s latest budget report this month provides updated forecasts from April.

Report 98
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More Spending on Cybersecurity Means More Attacks?

SecureWorld News

Many companies have noted that, as they have increased their cybersecurity budgets, the number of cyber threats has also increased. It could grow up to nearly $300 billion by 2026. It's no wonder that many businesses are taking hard looks at their technology budgets. Let's take a closer look.

Budget 89