The tech world was knocked a little askew when the Commerce Commission blocked a huge exit for local DJ software company Serato.

The ComCom said the acquisition by AlphaTheta would reduce competition in the space but many in the tech sector said the move could put fear into startup founders and venture capitalists thinking about targeting a lucrative niche.

We're joined by tech entrepreneur Tim Warren and competition law expert Hayden Wilson, partner at Dentons Kensington Swan, who lay out the pros and cons of the block, and what could come next for the deal.

Plus, Crowdstrike!

The Business of Tech is powered by 2degrees Business.

Reading list

The tech world was knocked a little askew when the Commerce Commission blocked a huge exit for local DJ software company Serato.
The ComCom said the acquisition by AlphaTheta would reduce competition in the space but many in the tech sector said the move could put fear into startup founders and venture capitalists thinking about targeting a lucrative niche.
We're joined by tech entrepreneur Tim Warren and competition law expert Hayden Wilson, partner at Dentons Kensington Swan, who lay out the pros and cons of the block, and what could come next for the deal.
Plus, Crowdstrike!
The Business of Tech is powered by 2degrees Business.
<a href="https://businessdesk.co.nz/article/technology/business-of-tech-was-comcom-right-to-block-the-serato-deal">Reading list</a>

The Business of Tech, hosted by leading tech journalist Peter Griffin and BusinessDesk Technology editor Ben Moore.  Every week they take a deep dive into emerging technology and news from the sector to help guide the important decisions all Business leaders make.

Issues such as cybersecurity, retaining trust after a cyberattack, business IT needs, purchasing SaaS tools and more.

New Episodes out every Thursday. Follow or subscribe to get it delivered straight to your favourite podcatcher.

@petergnz

@bentm_journo

@businessdesk_nz

Proudly sponsored by 2degrees Business!

The Business of Tech, hosted by leading tech journalist Peter Griffin and BusinessDesk Technology editor Ben Moore.  Every week they take a deep dive into emerging technology and news from the sector to help guide the important decisions all Business leaders make.
Issues such as cybersecurity, retaining trust after a cyberattack, business IT needs, purchasing SaaS tools and more.
New Episodes out every Thursday. Follow or subscribe to get it delivered straight to your favourite podcatcher.
@petergnz
@bentm_journo
@businessdesk_nz
Proudly sponsored by 2degrees Business!

The Business of Tech

Was ComCom actually right to block the Serato deal?

"The question is, who supports the bill? Well, honestly, basically everyone."

That's what Commerce and Consumer Affairs Minister Andrew Bayly said about the Customer and Product Data (CPD) Bill at its first reading, and sure enough, every other party representative followed with their support.

The CPD Bill is the legislative force that mandates the sharing of customer data by organisations, starting with financial institutions - in other words, open banking.

So what is it about the Bill that has earned cross-party support? What changes will it bring for people across NZ? And why is NZ's open banking rollout already looking more promising than the UK's and Australia's?

Fintech leaders Josh Daniell from Akahu and Adrian Smith from BlinkPay join us to answer those questions and more.

Plus, what happened at Soul Machines, and Minister Judith Collins' big plans to bolster AI uptake.

Reading list

"The question is, who supports the bill? Well, honestly, basically everyone."
That's what Commerce and Consumer Affairs Minister Andrew Bayly said about the Customer and Product Data (CPD) Bill at its first reading, and sure enough, every other party representative followed with their support.
The CPD Bill is the legislative force that mandates the sharing of customer data by organisations, starting with financial institutions - in other words, open banking.
So what is it about the Bill that has earned cross-party support? What changes will it bring for people across NZ? And why is NZ's open banking rollout already looking more promising than the UK's and Australia's?
Fintech leaders Josh Daniell from Akahu and Adrian Smith from BlinkPay join us to answer those questions and more.
Plus, what happened at Soul Machines, and Minister Judith Collins' big plans to bolster AI uptake.
<a href="https://businessdesk.co.nz/article/technology/business-of-tech-will-sharing-data-really-improve-banking-yes">Reading list</a>

Will sharing data really improve banking? Yes

The National Science Challenges, a decade-long experiment in funding mission-led science has ended and the research shows it was a resounding success. 

Emeritus professor Sally Davenport joins us to explain what was learned over that time and how we can keep the spirit of mission-led science alive.

We also discuss the report out of the Treasury showing NZ lags in artificial intelligence adoption, and the Government Communications Security Bureau's statement that it needs a much better national cybersecurity strategy.

The National Science Challenges, a decade-long experiment in funding mission-led science has ended and the research shows it was a resounding success. 
Emeritus professor Sally Davenport joins us to explain what was learned over that time and how we can keep the spirit of mission-led science alive.
We also discuss the report out of the Treasury showing NZ lags in artificial intelligence adoption, and the Government Communications Security Bureau's statement that it needs a much better national cybersecurity strategy.

Science in NZ poor in funding but rich in lessons

150 New Zealand executives were given Spark-funded scholarships for a four-week course all about learning how to use modern AI tools to boost business productivity.

We talked to two of them, NZME's Matt Martel and the NZ Institute of Directors' Kristen 'KP' Patterson, who explained what they learned from the course and how it shaped their thinking about AI.

They outline the business cases they developed during the course and how they have started implementing them within their organisations.

Plus, Australia's open banking woes, concerns over AI power carbon emissions, and MT Gox and Cryptopia bankruptcy updates.

In this episode, Ben refers to the remaining assets of Cryptopia as being $775,000 of $28m - please note this is what remains of the liquid assets used to fund the liquidation process.

Reading list

150 New Zealand executives were given Spark-funded scholarships for a four-week course all about learning how to use modern AI tools to boost business productivity.
We talked to two of them, NZME's Matt Martel and the NZ Institute of Directors' Kristen 'KP' Patterson, who explained what they learned from the course and how it shaped their thinking about AI.
They outline the business cases they developed during the course and how they have started implementing them within their organisations.
Plus, Australia's open banking woes, concerns over AI power carbon emissions, and MT Gox and Cryptopia bankruptcy updates.
In this episode, Ben refers to the remaining assets of Cryptopia as being $775,000 of $28m - please note this is what remains of the liquid assets used to fund the liquidation process.
<a href="https://businessdesk.co.nz/article/technology/business-of-tech-podcast-is-the-ai-for-business-mini-mba-any-good">Reading list</a>

Was ComCom actually right to block the Serato deal?

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