Vantage Data Centers Completes $1.6B Investment in APAC Platform from GIC and ADIA; Closes Acquisition of Yondr’s 300MW+ Hyperscale Campus in Johor, Malaysia




Vantage Data Centers Completes $1.6B Investment in APAC Platform from GIC and ADIA; Closes Acquisition of Yondr’s 300MW+ Hyperscale Campus in Johor, Malaysia

Milestones position Vantage as a leading digital infrastructure provider in APAC with 1GW of operational and planned capacity across the region

DENVER & SINGAPORE–(BUSINESS WIRE)–Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced that it has completed a $1.6 billion equity investment into its Asia-Pacific platform led by an affiliate of GIC, a global institutional investor, and a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”). Part of this capital was allocated to close the acquisition of Yondr Group’s 300MW+ hyperscale data center campus located in Sedenak Tech Park, Johor, Malaysia.

The transaction, initially announced in September, expands Vantage’s regional platform to 1GW of operational and planned IT capacity across Australia, Malaysia, Japan, Taiwan and Hong Kong. The addition of the Johor campus marks Vantage’s third campus in Malaysia and strengthens its ability to serve customers with direct access to other key Asia-Pacific markets, including Singapore, Indonesia and Thailand.

“DigitalBridge’s vision and long-standing investment, now bolstered by new commitments from anchor investors GIC and ADIA, will drive our continued growth and expansion in the region,” said Jeremy Deutsch, president of Vantage Data Centers, APAC. “Finalizing the acquisition of this campus in Johor marks an important step in our growth strategy for APAC. We are bringing one of Southeast Asia’s largest and most advanced hyperscale campuses into our platform, enhancing our ability to deliver sustainable and scalable infrastructure for AI and cloud customers across the region at rapid speed and scale.

“We’re thrilled to welcome more than 30 Yondr APAC team members into the Vantage APAC family. We look forward to their contributions as we expand and support our customers in the locations that matter most.”

The Johor campus, JHB1, sits on nearly 73 acres and will deliver more than 300MW of IT capacity across three data centers once fully developed. Located within the Johor-Singapore Special Economic Zone, JHB1 offers strategic connectivity with dark fiber routes and access to regional hubs. The campus was originally financed through a green loan and features sustainability-focused technologies, including direct-to-chip liquid cooling. The data center campus is also on track to meet EDGE certification standards.

To learn more about Vantage’s expanding APAC platform, please visit: https://vantage-dc.com/data-center-locations/apac/.

About Vantage Data Centers

Vantage Data Centers is a global leader in digital infrastructure serving the world’s most influential AI and cloud providers. With operations spanning North America, EMEA and Asia Pacific, Vantage delivers capacity at unrivaled speed and scale, driven by a relentless commitment to operational excellence and customer success. Vantage is empowering transformative companies to shape the future.

For more information, visit http://www.vantage-dc.com.

Contacts

Press
Mark Freeman

Vantage Data Centers

mfreeman@vantage-dc.com
+1-202-680-4243

Robin Bectel

REQ for Vantage Data Centers

vdc@req.co
+1-202-936-6335

Brenda Fong

Vantage Data Centers

brenda.fong@vantage-dc.com
+852-9466-4788

Sovina Taneja

Creative Consulting Group for Vantage Data Centers, APAC

sovina.taneja@creativegp.com
+852-5643-2495

Vantage Data Centers Completes $1.6B Investment in APAC Platform from GIC and ADIA; Closes Acquisition of Yondr’s 300MW+ Hyperscale Campus in Johor, Malaysia




Vantage Data Centers Completes $1.6B Investment in APAC Platform from GIC and ADIA; Closes Acquisition of Yondr’s 300MW+ Hyperscale Campus in Johor, Malaysia

Milestones position Vantage as a leading digital infrastructure provider in APAC with 1GW of operational and planned capacity across the region

DENVER & SINGAPORE–(BUSINESS WIRE)–Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced that it has completed a $1.6 billion equity investment into its Asia-Pacific platform led by an affiliate of GIC, a global institutional investor, and a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”). Part of this capital was allocated to close the acquisition of Yondr Group’s 300MW+ hyperscale data center campus located in Sedenak Tech Park, Johor, Malaysia.

The transaction, initially announced in September, expands Vantage’s regional platform to 1GW of operational and planned IT capacity across Australia, Malaysia, Japan, Taiwan and Hong Kong. The addition of the Johor campus marks Vantage’s third campus in Malaysia and strengthens its ability to serve customers with direct access to other key Asia-Pacific markets, including Singapore, Indonesia and Thailand.

“DigitalBridge’s vision and long-standing investment, now bolstered by new commitments from anchor investors GIC and ADIA, will drive our continued growth and expansion in the region,” said Jeremy Deutsch, president of Vantage Data Centers, APAC. “Finalizing the acquisition of this campus in Johor marks an important step in our growth strategy for APAC. We are bringing one of Southeast Asia’s largest and most advanced hyperscale campuses into our platform, enhancing our ability to deliver sustainable and scalable infrastructure for AI and cloud customers across the region at rapid speed and scale.

“We’re thrilled to welcome more than 30 Yondr APAC team members into the Vantage APAC family. We look forward to their contributions as we expand and support our customers in the locations that matter most.”

The Johor campus, JHB1, sits on nearly 73 acres and will deliver more than 300MW of IT capacity across three data centers once fully developed. Located within the Johor-Singapore Special Economic Zone, JHB1 offers strategic connectivity with dark fiber routes and access to regional hubs. The campus was originally financed through a green loan and features sustainability-focused technologies, including direct-to-chip liquid cooling. The data center campus is also on track to meet EDGE certification standards.

To learn more about Vantage’s expanding APAC platform, please visit: https://vantage-dc.com/data-center-locations/apac/.

About Vantage Data Centers

Vantage Data Centers is a global leader in digital infrastructure serving the world’s most influential AI and cloud providers. With operations spanning North America, EMEA and Asia Pacific, Vantage delivers capacity at unrivaled speed and scale, driven by a relentless commitment to operational excellence and customer success. Vantage is empowering transformative companies to shape the future.

For more information, visit http://www.vantage-dc.com.

Contacts

Press
Mark Freeman

Vantage Data Centers

mfreeman@vantage-dc.com
+1-202-680-4243

Robin Bectel

REQ for Vantage Data Centers

vdc@req.co
+1-202-936-6335

Brenda Fong

Vantage Data Centers

brenda.fong@vantage-dc.com
+852-9466-4788

Sovina Taneja

Creative Consulting Group for Vantage Data Centers, APAC

sovina.taneja@creativegp.com
+852-5643-2495

ISG Announces 2025 ISG Paragon Awards™ Asia Winners




ISG Announces 2025 ISG Paragon Awards™ Asia Winners

Program spotlights innovative approaches that leverage AI, digital technology and new operating models to drive business success

SINGAPORE–(BUSINESS WIRE)–#AI–Information Services Group (ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm, has announced the winners of the inaugural 2025 ISG Paragon Awards™ Asia, which recognize innovative approaches that help enterprises leverage technology to make a significant and lasting impact on their businesses.

The following winners were selected by an independent, external judge and announced at a gala awards dinner at the Fullerton Bay Hotel, Singapore, on November 12, 2025:

Best-in-Class Excellence: Outstanding delivery by a technology or service provider

• Avanade with Country Foods, a subsidiary of SATS Ltd.

Innovation: Imagination and entrepreneurial spirit in helping organizations future-proof their businesses and better serve clients

• Tech Mahindra with Mahindra Auto and Farm

Transformation: The successful transformation of an organization or key business function

• Tata Consultancy Services with Plaza Premium Group

AI Pacesetter: Substantial business impact through the adoption of AI

• Avanade with Alexandra Group

iCompaz, an Infosys and Temasek company, and Temasek Holdings (Pte) Ltd., were selected by the independent judge to receive the Paragon Asia Honorary Distinction for Partnership Excellence, recognizing a high-performing partnership that exemplifies best practices in driving exceptional business outcomes and economic growth.

“Congratulations to the winners of the first-ever ISG Paragon Awards program for Asia,” said Michael Gale, partner and regional leader, ISG Asia Pacific. “Providers across Asia are delivering critical innovation and support for enterprises looking to leverage and scale AI and other technologies for business value. We are delighted to expand the Paragon Awards program to cover this dynamic and growing market.”

The ISG Paragon Awards were established in 2010 in the Australia/New Zealand region, and have since expanded to cover North America, Europe, the Middle East and Africa and South America. Full details are available here.

About ISG

ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world’s top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data, in-depth knowledge of provider ecosystems, and the expertise of its 1,600 professionals worldwide working together to help clients maximize the value of their technology investments.

Contacts

Press Contacts:

Laura Hupprich, ISG

+1 203 517 3100

Laura.Hupprich@isg-one.com

Julianna Sheridan, Matter Communications for ISG

+1 978 518 4520

isg@matternow.com

U.S. Original Equipment Automotive Industry Must Transform and Collaborate for Future Resilience and Relevance Finds Joint Research by Arthur D. Little and MEMA OE Suppliers




U.S. Original Equipment Automotive Industry Must Transform and Collaborate for Future Resilience and Relevance Finds Joint Research by Arthur D. Little and MEMA OE Suppliers

SOUTHFIELD, Mich. & NEW YORK–(BUSINESS WIRE)–At a time of unprecedented volatility, the U.S. original equipment (OE) automotive industry is at an inflection point. Building resilience and driving reshoring requires concerted actions from policymakers, original equipment manufacturers and suppliers. This is the key message from Turbocharging US Automotive Manufacturing Competitiveness, an in-depth Arthur D. Little (ADL) landmark study, carried out in conjunction with industry body MEMA Original Equipment Suppliers.

The study draws on research from over 100 global OE automotive suppliers with major U.S. presence and more than 30 interviews with C-suite executives of leading global OE automotive suppliers. Based on ADL analysis, the research provides clear recommendations for transforming the industry to strengthen supply chain resilience and underpin national competitiveness and global relevance.

High import dependence exposes the U.S. OE automotive supply chain to cost volatility and geopolitical risk. Current reshoring efforts, driven by policy incentives and industry realignment, not only bring production home, but also secure long-term supply resilience and technology leadership.

The report analyzes the viability of this approach and critical gaps that remain across all major groups of auto parts and systems: body and chassis, EV batteries and motors, ICE engines and transmissions, interior and plastics, tires and rubber and electrics and electronics. It also examines how these groups are shaped by four key factors: labor, automation, supply chain, and regulation/policy.

Key constraints affecting all component categories, as highlighted by the research, include persistent skilled labor shortages, limited automation capabilities and a weak domestic supply base for industrial machinery. These challenges all stem from an overarching lack of historic holistic industrial policies comparable to competing countries.

Solving these bottlenecks must be balanced with the ongoing shift in vehicle architectures which will require building capabilities in high-performance semiconductors, advanced electronics, EV systems and software-defined integration. Each of these are also critical to adjacent industries such as aerospace and defense, construction and agricultural equipment, and marine and powersports.

Joern Buss, Partner, Automotive and Manufacturing Group, at Arthur D. Little, comments: “The US automotive supply chain faces unprecedented pressures, from technology shifts to geopolitical tensions. Ensuring its continued competitiveness and relevance requires close collaboration to reshape the industry. Our report highlights the strategic levers that will propel this transformation and the actions needed to foster change.”

Collin Shaw, president of MEMA Original Equipment Suppliers commented: “Vehicle suppliers are the largest manufacturing sector in the U.S. and a cornerstone of our national economy. Developed with industry insight and ADL’s expertise, this landmark study offers a roadmap to strengthen U.S. supplier competitiveness, accelerate innovation, and ensure our industry continues to lead on the global stage.”

The full report can be downloaded here.

About Arthur D. Little

Arthur D. Little has been at the forefront of innovation since 1886. We are an acknowledged thought leader in linking strategy, innovation and transformation in technology-intensive and converging industries. We navigate our clients through changing business ecosystems to uncover new growth opportunities. We enable our clients to build innovation capabilities and transform their organizations.

Our consultants have strong practical industry experience combined with excellent knowledge of key trends and dynamics. ADL is present in the most important business centers around the world. We are proud to serve most of the Fortune 1000 companies, in addition to other leading firms and public sector organizations.

For further information, please visit www.adlittle.com.

About MEMA Original Equipment Suppliers

MEMA Original Equipment Suppliers exclusively serves vehicle original equipment (OE) suppliers, a part of the largest manufacturing sector in the United States and leading the way in new vehicle innovations. Members conceive, design, and manufacture the OE systems and technologies that make up two-thirds of the value of every vehicle, fueling international commerce and meeting society’s transportation needs. MEMA members are committed to safety and sustainability.

MEMA, The Vehicle Suppliers Association, is the leading trade association in North America for vehicle suppliers, parts manufacturers, and remanufacturers. It has been the voice of the vehicle supplier industry since 1904. Its more than 1,000 members are Strong by Association.

MEMA has offices in Southfield, Mich.; Research Triangle Park, N.C.; and Washington, D.C. Learn more at mema.org/original-equipment-suppliers.

Contacts

Media Contact:

For Arthur D. Little:
Sue Glanville

Catalyst Comms

+44 7715 817589

Glanville.sue@adlittle.com

For MEMA
Megan Gardner

MEMA

919-636-2941

mgardner@mema.org

It’s the Season for Savings: Amazon’s Black Friday Week and Cyber Monday Deal Events Offer Deep Discounts on Customer-Favorite Brands from November 20 through December 1




It’s the Season for Savings: Amazon’s Black Friday Week and Cyber Monday Deal Events Offer Deep Discounts on Customer-Favorite Brands from November 20 through December 1

Unwrap holiday savings with up to 50% off select electronics from JBL and Canon; 50% off select beauty products from Lancôme and Maison Margiela; 40% off select toys from MAGNA-TILES, Melissa & Doug, and Play-Doh; and 40% off select kitchen essentials from Vitamix, Staub, and Nespresso

Shop everything you need for the season—Thanksgiving fresh grocery and pantry essentials under $4, matching family pajamas starting at $5, and stocking stuffers under $10

Experience the ultimate Black Friday game day, as Prime Video will broadcast 15 hours of live sports coverage, including the third annual Black Friday Football game, an NBA on Prime doubleheader, and the PGA TOUR’s “The Skins Game” golf event

Don’t wait—shop the Amazon Haul two-day global sale event now from November 10-11 featuring $1 deals across apparel, beauty, electronics, and household essentials, plus exclusive $0.11 deals on select items.

SEATTLE–(BUSINESS WIRE)–Amazon (NASDAQ: AMZN) today announced its Black Friday Week and Cyber Monday deal events, kicking off November 20 at 12:01 a.m. PST, running through December 1. The savings events will feature millions of deals across popular categories including home, electronics, beauty, and apparel from brands like BISSELL, Beats, medicube, and Nike. Customers can save on great deals such as up to 55% off select home products from Shark, 50% off select games from Nintendo, and 50% off select apparel from NAADAM, plus some of our lowest prices of the year so far from brands like Kiehl’s, LEGO, PlayStation, and Bose. Shoppers can also browse top gifts of the season in the Holiday Shop including Amazon-exclusive products like the Charlotte Tilbury holiday bundle and toys from Fisher-Price and Hot Wheels; explore top toys from this year’s Holiday Kids Gift Book like LEGO Star Wars and LEGO Creator sets; and discover new daily deal drops throughout the events with Today’s Big Deals—featuring deep discounts, while supplies last. Each day, customers can discover exciting new deals across themes like 4+ star gifts featuring 55% off Keurig K-Express Coffee Maker, Toys for all featuring 50% off select Squishmallows, and Premium gifts featuring 40% off NordicTrack Commercial Studio Cycle.

“Amazon is your home for holiday shopping savings. We’re providing customers with incredible Black Friday Week and Cyber Monday deals across a vast selection of products, with deep discounts across more than 35 categories and some of our lowest prices of the year so far on top brands,” said Doug Herrington, CEO of Worldwide Amazon Stores. “We aim to meet or beat other retailers’ prices every day so customers don’t have to spend time comparing prices. And with record-breaking delivery speeds—including Same-Day Delivery in over 9,000 U.S. cities and towns—customers can get everything they want and need for the holiday season fast regardless of whether they live in a big city or a rural community.”

Holiday Essentials at Unbeatable Prices

Customers can prepare their homes for the holidays with incredible savings on seasonal essentials across decorating, entertaining, and dining. Shoppers will find up to 40% off holiday decor from brands like Lenox and Yankee Candle. Gift-giving preparations are made affordable with wrapping essentials starting at $3, including festive paper, gift bags, ribbons, bows, and tape; and hosting gifts starting at $10 such as seasonal candles, decorative serving pieces, and artisanal kitchen accessories. For their holiday feast, customers can shop Amazon’s exclusive “Feed 5 for $25” Thanksgiving meal offer—featuring Butterball turkey, homestyle sides, and a classic pre-made pie—making entertaining both festive and accessible this season.

The Ultimate Holiday Shop: Curated Gifts for Every List

The Amazon Holiday Shop is the ultimate gift-finding destination, featuring thoughtfully curated collections that make discovering the perfect present effortless. This season, customers can explore Top 100 lists and gift guides organized by recipient, price point, and interest—from stocking stuffers to premium picks for the hardest-to-shop-for people on their lists. Customers can also browse the annual Toys We Love list and Holiday Kids Gift Book featuring this season’s most exciting toys, games, and entertainment, with deals throughout the shopping experience.

Shop While You Watch: Exclusive Black Friday Sports Coverage and Shopping

Prime Video is set to broadcast an unprecedented 15 hours of exclusive live sports action on Black Friday, with no subscription or Prime membership required. Coverage begins at 6:00 a.m. PST with the anticipated return of the PGA TOUR’s “The Skins Game” golf event, followed by the third annual Black Friday Football game featuring the Super Bowl Champion Philadelphia Eagles hosting the Chicago Bears. The day concludes with an NBA on Prime doubleheader that includes the Milwaukee Bucks vs. New York Knicks, leading into the Dallas Mavericks vs. Los Angeles Lakers. Fans can watch and shop simultaneously with the enhanced “Shop the Game” experience—simply press “up” on your remote or open the Amazon Shopping app and search “shop the game” to find great deals featured in the broadcasts. Sports enthusiasts can shop game-day essentials including custom NFL and NBA apparel designed by Amazon Creators including Brittany Mahomes, Normani, Winnie Harlow, and Jordyn Woods, along with official merchandise from premium brands.

Preview Top Deals

Black Friday Week and Cyber Monday deal events bring Amazon’s holiday savings from November 20 through December 1, with incredible deals across categories at amazon.com/blackfriday and amazon.com/cybermonday.

• Amazon Devices: Save up to 50% on select Amazon devices, including new releases like Echo Dot Max, Fire TV Stick 4K Select, Fire TV 50″ 4-Series, Blink Mini 2K+, and Blink Outdoor 2K+. Customers can also save on favorites such as Echo Show 11, Fire HD 8 and Fire HD 10 tablets, Kindle Paperwhite, Kindle Scribe Essentials Bundle, and Ring Indoor Cam.
• Seasonal: Save up to 50% on artificial Christmas Trees from National Tree Company and Fraser Hill Farm. Customers can also find up to 40% on ornaments from Lenox, and up to 20% on holiday gift wrap, bags, and bows from Hallmark.
• Grocery: Save on complete holiday meals including Butterball turkey at $0.69 per pound, pre-made sides like homestyle stuffing, mashed potatoes, and traditional fixings from select brands—all online for Same-Day Delivery where available and at Amazon Fresh stores. Customers can also enjoy great prices on a wide selection of fresh grocery ingredients like carrots, green beans and gold potatoes, plus wine enthusiasts can save 20% when purchasing 6 or more bottles through Amazon Fresh (valid through 11/30). Visit amazon.com/grocery for our full selection of grocery items available in your area.
• Electronics: Save up to 50% on select electronics from JBL and Canon, and up to 45% on select Bose audio and PC hardware from ACER and ASUS. Customers can also enjoy up to 40% on select home entertainment from LG, TCL, and Hisense, and up to 35% on select Samsung and Google products.
• Home: Save up to 55% on select home products from Shark and up to 40% on select floorcare from BISSELL and iRobot. Customers can also find up to 35% on select floorcare from Dyson and select furniture from Signature Design by Ashley, and up to 25% on select luggage from Away and select fitness equipment from NordicTrack.
• Kitchen: Save up to 50% on select kitchen appliances from Ninja and up to 40% on select kitchen essentials from Bentgo, Vitamix, Staub, and Nespresso, including deals on Nespresso Original Line Capsules. Customers can also enjoy up to 35% on select espresso and coffee machines from Keurig and De’Longhi, and up to 25% on premium kitchen brands like Breville and Our Place.
• Beauty: Save up to 50% on select premium beauty products from Lancôme and luxury fragrances from Armani Beauty and Maison Margiela. Customers can also discover up to 30% on skincare and bodycare essentials from Kiehl’s, ELEMIS, Sol de Janeiro, and medicube, makeup favorites from NYX PROFESSIONAL MAKEUP, Milk Makeup, and Tarte; plus select beauty tools from Drybar and Shark.
• Fashion: Save up to 50% on select fashion from NAADAM, GAP, Levi’s, Cinq A Sept, and Derek Lam 10 Crosby. Customers can also enjoy up to 40% on apparel from Theory, AllSaints, New Balance, Carhartt, and ASTR the Label, plus up to 25% on select styles from Shopbop featuring brands like LE BOP, PAIGE, and FRAME.
• Toys: Save up to 40% on select toys from MAGNA-TILES, Melissa & Doug, Little Tykes, Play-Doh, and NERF. Customers can also enjoy up to 30% off select classic toys from Hasbro Gaming, Fisher-Price, and American Girl, plus character favorites featuring Disney, WICKED, Barbie, Star Wars, Marvel, and Harry Potter.
• Books: Save up to 80% on Kindle books and up to 65% on print books, including Editor favorites from Amazon’s Best Books of the Year lists of the past 25 years like A Little Life by Hanya Yanagihara, The Silent Patient by Alex Michaelides, and The Devil in the White City by Erik Larson. Customers can also enjoy 3 months of Kindle Unlimited for just $0.99, unlocking millions of titles across every genre. Terms and conditions apply. See here for details.

Shop Now: Amazon Haul Celebrates First Year

Amazon is celebrating the growth and global expansion of Amazon Haul with an exclusive two-day global sale event running November 10-11, featuring an incredible selection of deals for as low as $0.11—marking one of our biggest savings opportunities before Black Friday Week begins. Amazon Haul makes it easier than ever to discover sought-after products at ultra-low prices, all $20 or less, across a wide range of categories including fashion, home, lifestyle, electronics, and other products. Customers can find Amazon Haul in the Amazon Shopping app by searching “Haul” in the search bar, navigating to Amazon Haul from the main menu icon, or by going to amazon.com/haul.

Small Business Spotlight: Supporting Independent Sellers

This holiday season, Amazon is making it easier than ever to shop small through the Small Business Holiday Shop at amazon.com/smallbusinessgifts. The shop features unique products from small businesses across a wide range of categories. Shoppers can look for the Small Business Badge and browse holiday gift guides to find one-of-a-kind gifts and can’t-miss deals including: up to 50% off skincare from TruSkin and select toddler balance bikes from KRIDDO; 35% off Solawave Red Light Therapy Wand; up to 30% off Non-Alcoholic Le SpritzVariety 16-Pack from Ghia, Raycon Everyday Earbuds Classic, pet shampoo from Honest Paws, and select products from Blissy; and up to 20% off Phlur. The joy of giving is even greater when your purchase supports an entrepreneur’s dream.

Smart Shopping: Using Rufus this Holiday Season

Experience the magic of having your own personal shopper this holiday season with Rufus, Amazon’s AI assistant for shopping, that can find the perfect gift for every special someone on your list while you enjoy a lower-stress holiday:

• Save time with highly personalized deal recommendations: During deal events like Black Friday Week and Cyber Monday, customers can simply ask Rufus “What are the best deals for me?” or “Are any items on my wish list on sale?” and Rufus will quickly identify personalized savings opportunities based on their shopping history and wish lists.
• Maximize savings with automated purchases: Customers can ask Rufus to “Buy these headphones when they’re 30% off,” and the assistant will monitor prices every 30 minutes, automatically completing purchases when items hit target prices—ensuring shoppers never miss limited-time holiday discounts while focusing on what matters most during the busy season.
• Find similar products with image uploads: Shoppers can upload images to Rufus to find visually similar products or ask Rufus to find “dresses with this silhouette but under $100,” immediately narrowing down holiday gift options that fit both style preferences and budget constraints.
• Convert handwritten lists to digital carts: The handwritten list feature in Rufus allows customers to convert traditional shopping lists into digital carts with a single photo.
• Simplify complex shopping decisions: Rufus can provide comprehensive research to help customers who are not sure where to start shopping for a loved one. Shoppers can ask “What does someone need to create a home photography studio?” and Rufus will deliver digestible research and budget-conscious recommendations.

And for customers who are stuck and simply can’t make a decision, Amazon’s newest shopping innovation Help Me Decide analyzes browsing activity, searches, shopping history, and preferences to recommend the right product, helping shoppers confidently complete their holiday shopping and leaving them more time to enjoy the festivities.

From Wishlist to Doorstep: Fast, Free Delivery Through the Holidays

Amazon now offers Same-Day Delivery across millions of items in more than 9,000 U.S. cities and towns with Prime members having access to more than 300 million items with free Prime shipping, with tens of millions available for Same-Day or One-Day Delivery. Before the end of the year, Amazon will bring Same-Day and Next-Day Delivery to thousands of smaller cities, towns, and rural communities across the U.S. The vast selection, including grocery and household essentials, across health, beauty, baby, and pet food, is available for delivery or pickup within hours—ensuring customers have everything they want and need to prepare for the holidays. With these convenient delivery options, customers can shop with confidence knowing their holiday purchases will arrive on time.

About Prime

Prime is savings, convenience, entertainment, and shopping innovation all in one membership. More than 200 million paid Prime members around the world enjoy access to Amazon’s enormous selection, exceptional value, and fast delivery. In the U.S., we offer more than 300 million items with free Prime shipping, including tens of millions of products available with Same Day or One-Day Delivery. Anyone can join Prime for $14.99 per month or $139 per year, or start a free 30-day trial if eligible at amazon.com/prime. Additionally, young adults can try Prime for Young Adults with a six-month $0 trial at amazon.com/youngadult, then pay a discounted rate of $7.49 per month or $69 per year for a membership. Qualifying government assistance recipients and income-verified customers can get Prime Access for $6.99 per month at amazon.com/getprimeaccess. For more information about Prime, including discounted memberships, visit aboutamazon.com/prime.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.

Contacts

Amazon.com, Inc.

Media Hotline

Amazon-pr@amazon.com
www.amazon.com/pr

It’s the Season for Savings: Amazon’s Black Friday Week and Cyber Monday Deal Events Offer Deep Discounts on Customer-Favorite Brands from November 20 through December 1




It’s the Season for Savings: Amazon’s Black Friday Week and Cyber Monday Deal Events Offer Deep Discounts on Customer-Favorite Brands from November 20 through December 1

Unwrap holiday savings with up to 50% off select electronics from JBL and Canon; 50% off select beauty products from Lancôme and Maison Margiela; 40% off select toys from MAGNA-TILES, Melissa & Doug, and Play-Doh; and 40% off select kitchen essentials from Vitamix, Staub, and Nespresso

Shop everything you need for the season—Thanksgiving fresh grocery and pantry essentials under $4, matching family pajamas starting at $5, and stocking stuffers under $10

Experience the ultimate Black Friday game day, as Prime Video will broadcast 15 hours of live sports coverage, including the third annual Black Friday Football game, an NBA on Prime doubleheader, and the PGA TOUR’s “The Skins Game” golf event

Don’t wait—shop the Amazon Haul two-day global sale event now from November 10-11 featuring $1 deals across apparel, beauty, electronics, and household essentials, plus exclusive $0.11 deals on select items.

SEATTLE–(BUSINESS WIRE)–Amazon (NASDAQ: AMZN) today announced its Black Friday Week and Cyber Monday deal events, kicking off November 20 at 12:01 a.m. PST, running through December 1. The savings events will feature millions of deals across popular categories including home, electronics, beauty, and apparel from brands like BISSELL, Beats, medicube, and Nike. Customers can save on great deals such as up to 55% off select home products from Shark, 50% off select games from Nintendo, and 50% off select apparel from NAADAM, plus some of our lowest prices of the year so far from brands like Kiehl’s, LEGO, PlayStation, and Bose. Shoppers can also browse top gifts of the season in the Holiday Shop including Amazon-exclusive products like the Charlotte Tilbury holiday bundle and toys from Fisher-Price and Hot Wheels; explore top toys from this year’s Holiday Kids Gift Book like LEGO Star Wars and LEGO Creator sets; and discover new daily deal drops throughout the events with Today’s Big Deals—featuring deep discounts, while supplies last. Each day, customers can discover exciting new deals across themes like 4+ star gifts featuring 55% off Keurig K-Express Coffee Maker, Toys for all featuring 50% off select Squishmallows, and Premium gifts featuring 40% off NordicTrack Commercial Studio Cycle.

“Amazon is your home for holiday shopping savings. We’re providing customers with incredible Black Friday Week and Cyber Monday deals across a vast selection of products, with deep discounts across more than 35 categories and some of our lowest prices of the year so far on top brands,” said Doug Herrington, CEO of Worldwide Amazon Stores. “We aim to meet or beat other retailers’ prices every day so customers don’t have to spend time comparing prices. And with record-breaking delivery speeds—including Same-Day Delivery in over 9,000 U.S. cities and towns—customers can get everything they want and need for the holiday season fast regardless of whether they live in a big city or a rural community.”

Holiday Essentials at Unbeatable Prices

Customers can prepare their homes for the holidays with incredible savings on seasonal essentials across decorating, entertaining, and dining. Shoppers will find up to 40% off holiday decor from brands like Lenox and Yankee Candle. Gift-giving preparations are made affordable with wrapping essentials starting at $3, including festive paper, gift bags, ribbons, bows, and tape; and hosting gifts starting at $10 such as seasonal candles, decorative serving pieces, and artisanal kitchen accessories. For their holiday feast, customers can shop Amazon’s exclusive “Feed 5 for $25” Thanksgiving meal offer—featuring Butterball turkey, homestyle sides, and a classic pre-made pie—making entertaining both festive and accessible this season.

The Ultimate Holiday Shop: Curated Gifts for Every List

The Amazon Holiday Shop is the ultimate gift-finding destination, featuring thoughtfully curated collections that make discovering the perfect present effortless. This season, customers can explore Top 100 lists and gift guides organized by recipient, price point, and interest—from stocking stuffers to premium picks for the hardest-to-shop-for people on their lists. Customers can also browse the annual Toys We Love list and Holiday Kids Gift Book featuring this season’s most exciting toys, games, and entertainment, with deals throughout the shopping experience.

Shop While You Watch: Exclusive Black Friday Sports Coverage and Shopping

Prime Video is set to broadcast an unprecedented 15 hours of exclusive live sports action on Black Friday, with no subscription or Prime membership required. Coverage begins at 6:00 a.m. PST with the anticipated return of the PGA TOUR’s “The Skins Game” golf event, followed by the third annual Black Friday Football game featuring the Super Bowl Champion Philadelphia Eagles hosting the Chicago Bears. The day concludes with an NBA on Prime doubleheader that includes the Milwaukee Bucks vs. New York Knicks, leading into the Dallas Mavericks vs. Los Angeles Lakers. Fans can watch and shop simultaneously with the enhanced “Shop the Game” experience—simply press “up” on your remote or open the Amazon Shopping app and search “shop the game” to find great deals featured in the broadcasts. Sports enthusiasts can shop game-day essentials including custom NFL and NBA apparel designed by Amazon Creators including Brittany Mahomes, Normani, Winnie Harlow, and Jordyn Woods, along with official merchandise from premium brands.

Preview Top Deals

Black Friday Week and Cyber Monday deal events bring Amazon’s holiday savings from November 20 through December 1, with incredible deals across categories at amazon.com/blackfriday and amazon.com/cybermonday.

• Amazon Devices: Save up to 50% on select Amazon devices, including new releases like Echo Dot Max, Fire TV Stick 4K Select, Fire TV 50″ 4-Series, Blink Mini 2K+, and Blink Outdoor 2K+. Customers can also save on favorites such as Echo Show 11, Fire HD 8 and Fire HD 10 tablets, Kindle Paperwhite, Kindle Scribe Essentials Bundle, and Ring Indoor Cam.
• Seasonal: Save up to 50% on artificial Christmas Trees from National Tree Company and Fraser Hill Farm. Customers can also find up to 40% on ornaments from Lenox, and up to 20% on holiday gift wrap, bags, and bows from Hallmark.
• Grocery: Save on complete holiday meals including Butterball turkey at $0.69 per pound, pre-made sides like homestyle stuffing, mashed potatoes, and traditional fixings from select brands—all online for Same-Day Delivery where available and at Amazon Fresh stores. Customers can also enjoy great prices on a wide selection of fresh grocery ingredients like carrots, green beans and gold potatoes, plus wine enthusiasts can save 20% when purchasing 6 or more bottles through Amazon Fresh (valid through 11/30). Visit amazon.com/grocery for our full selection of grocery items available in your area.
• Electronics: Save up to 50% on select electronics from JBL and Canon, and up to 45% on select Bose audio and PC hardware from ACER and ASUS. Customers can also enjoy up to 40% on select home entertainment from LG, TCL, and Hisense, and up to 35% on select Samsung and Google products.
• Home: Save up to 55% on select home products from Shark and up to 40% on select floorcare from BISSELL and iRobot. Customers can also find up to 35% on select floorcare from Dyson and select furniture from Signature Design by Ashley, and up to 25% on select luggage from Away and select fitness equipment from NordicTrack.
• Kitchen: Save up to 50% on select kitchen appliances from Ninja and up to 40% on select kitchen essentials from Bentgo, Vitamix, Staub, and Nespresso, including deals on Nespresso Original Line Capsules. Customers can also enjoy up to 35% on select espresso and coffee machines from Keurig and De’Longhi, and up to 25% on premium kitchen brands like Breville and Our Place.
• Beauty: Save up to 50% on select premium beauty products from Lancôme and luxury fragrances from Armani Beauty and Maison Margiela. Customers can also discover up to 30% on skincare and bodycare essentials from Kiehl’s, ELEMIS, Sol de Janeiro, and medicube, makeup favorites from NYX PROFESSIONAL MAKEUP, Milk Makeup, and Tarte; plus select beauty tools from Drybar and Shark.
• Fashion: Save up to 50% on select fashion from NAADAM, GAP, Levi’s, Cinq A Sept, and Derek Lam 10 Crosby. Customers can also enjoy up to 40% on apparel from Theory, AllSaints, New Balance, Carhartt, and ASTR the Label, plus up to 25% on select styles from Shopbop featuring brands like LE BOP, PAIGE, and FRAME.
• Toys: Save up to 40% on select toys from MAGNA-TILES, Melissa & Doug, Little Tykes, Play-Doh, and NERF. Customers can also enjoy up to 30% off select classic toys from Hasbro Gaming, Fisher-Price, and American Girl, plus character favorites featuring Disney, WICKED, Barbie, Star Wars, Marvel, and Harry Potter.
• Books: Save up to 80% on Kindle books and up to 65% on print books, including Editor favorites from Amazon’s Best Books of the Year lists of the past 25 years like A Little Life by Hanya Yanagihara, The Silent Patient by Alex Michaelides, and The Devil in the White City by Erik Larson. Customers can also enjoy 3 months of Kindle Unlimited for just $0.99, unlocking millions of titles across every genre. Terms and conditions apply. See here for details.

Shop Now: Amazon Haul Celebrates First Year

Amazon is celebrating the growth and global expansion of Amazon Haul with an exclusive two-day global sale event running November 10-11, featuring an incredible selection of deals for as low as $0.11—marking one of our biggest savings opportunities before Black Friday Week begins. Amazon Haul makes it easier than ever to discover sought-after products at ultra-low prices, all $20 or less, across a wide range of categories including fashion, home, lifestyle, electronics, and other products. Customers can find Amazon Haul in the Amazon Shopping app by searching “Haul” in the search bar, navigating to Amazon Haul from the main menu icon, or by going to amazon.com/haul.

Small Business Spotlight: Supporting Independent Sellers

This holiday season, Amazon is making it easier than ever to shop small through the Small Business Holiday Shop at amazon.com/smallbusinessgifts. The shop features unique products from small businesses across a wide range of categories. Shoppers can look for the Small Business Badge and browse holiday gift guides to find one-of-a-kind gifts and can’t-miss deals including: up to 50% off skincare from TruSkin and select toddler balance bikes from KRIDDO; 35% off Solawave Red Light Therapy Wand; up to 30% off Non-Alcoholic Le SpritzVariety 16-Pack from Ghia, Raycon Everyday Earbuds Classic, pet shampoo from Honest Paws, and select products from Blissy; and up to 20% off Phlur. The joy of giving is even greater when your purchase supports an entrepreneur’s dream.

Smart Shopping: Using Rufus this Holiday Season

Experience the magic of having your own personal shopper this holiday season with Rufus, Amazon’s AI assistant for shopping, that can find the perfect gift for every special someone on your list while you enjoy a lower-stress holiday:

• Save time with highly personalized deal recommendations: During deal events like Black Friday Week and Cyber Monday, customers can simply ask Rufus “What are the best deals for me?” or “Are any items on my wish list on sale?” and Rufus will quickly identify personalized savings opportunities based on their shopping history and wish lists.
• Maximize savings with automated purchases: Customers can ask Rufus to “Buy these headphones when they’re 30% off,” and the assistant will monitor prices every 30 minutes, automatically completing purchases when items hit target prices—ensuring shoppers never miss limited-time holiday discounts while focusing on what matters most during the busy season.
• Find similar products with image uploads: Shoppers can upload images to Rufus to find visually similar products or ask Rufus to find “dresses with this silhouette but under $100,” immediately narrowing down holiday gift options that fit both style preferences and budget constraints.
• Convert handwritten lists to digital carts: The handwritten list feature in Rufus allows customers to convert traditional shopping lists into digital carts with a single photo.
• Simplify complex shopping decisions: Rufus can provide comprehensive research to help customers who are not sure where to start shopping for a loved one. Shoppers can ask “What does someone need to create a home photography studio?” and Rufus will deliver digestible research and budget-conscious recommendations.

And for customers who are stuck and simply can’t make a decision, Amazon’s newest shopping innovation Help Me Decide analyzes browsing activity, searches, shopping history, and preferences to recommend the right product, helping shoppers confidently complete their holiday shopping and leaving them more time to enjoy the festivities.

From Wishlist to Doorstep: Fast, Free Delivery Through the Holidays

Amazon now offers Same-Day Delivery across millions of items in more than 9,000 U.S. cities and towns with Prime members having access to more than 300 million items with free Prime shipping, with tens of millions available for Same-Day or One-Day Delivery. Before the end of the year, Amazon will bring Same-Day and Next-Day Delivery to thousands of smaller cities, towns, and rural communities across the U.S. The vast selection, including grocery and household essentials, across health, beauty, baby, and pet food, is available for delivery or pickup within hours—ensuring customers have everything they want and need to prepare for the holidays. With these convenient delivery options, customers can shop with confidence knowing their holiday purchases will arrive on time.

About Prime

Prime is savings, convenience, entertainment, and shopping innovation all in one membership. More than 200 million paid Prime members around the world enjoy access to Amazon’s enormous selection, exceptional value, and fast delivery. In the U.S., we offer more than 300 million items with free Prime shipping, including tens of millions of products available with Same Day or One-Day Delivery. Anyone can join Prime for $14.99 per month or $139 per year, or start a free 30-day trial if eligible at amazon.com/prime. Additionally, young adults can try Prime for Young Adults with a six-month $0 trial at amazon.com/youngadult, then pay a discounted rate of $7.49 per month or $69 per year for a membership. Qualifying government assistance recipients and income-verified customers can get Prime Access for $6.99 per month at amazon.com/getprimeaccess. For more information about Prime, including discounted memberships, visit aboutamazon.com/prime.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.

Contacts

Amazon.com, Inc.

Media Hotline

Amazon-pr@amazon.com
www.amazon.com/pr

mimik Ignites Abu Dhabi Edge AI Revolution—New Joint Venture Builds a Global Blueprint for Industrial Edge Agentic AI




mimik Ignites Abu Dhabi Edge AI Revolution—New Joint Venture Builds a Global Blueprint for Industrial Edge Agentic AI

ABU DHABI, United Arab Emirates–(BUSINESS WIRE)–#ADAutonomousSummit–mimik, a global pioneer in device-first Continuum AI and agentic software, has signed a strategic MOU to establish mimik UAE, in partnership with Next71 Ltd and ASK Holding LLC, key local investment vehicles driving Artificial Intelligence innovation in the region. The partnership, announced during Abu Dhabi Autonomous Week, aligns with Abu Dhabi’s vision to position the UAE as a global leader in AI and sovereign technology development. The creation of mimik UAE underscores the partners’ strong commitment to advancing the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan and the Artificial Intelligence and Advanced Technology Council (AIATC) to accelerate the nation’s sovereign digital capabilities and innovation ecosystem.

“Together with mimik we are reimagining what’s possible — building a smart, sustainable economy where intelligence exists everywhere, for everyone,” said Sara Dhafer Alahbabi, Director of SPV and Portfolio Relations at Next71. “mimik UAE will empower local industries and innovators with the autonomy, flexibility, and security required to push artificial intelligence to every level of the Emirates’ AI ambitions.”

By decentralizing AI, mimik UAE will accelerate the Emirates’ pledge to create a diversified, knowledge-based economy driven by sustainability and innovation that serves every citizen. The strategic partnership marks a decisive move beyond traditional cloud computing as mimik’s technology enables distributed intelligence across devices, vehicles, and infrastructure, turning cities into interconnected, autonomous systems that adapt in real time.

The other partner in the joint venture, ASK Holding, states, “We’re not chasing another cloud trend—we’re building sovereign intelligence where life happens on our roads, in our ports, across our factories, and in every small business. Together with mimik and Next71, we are moving the UAE from cloud-first to citizen-first AI—private, resilient, and real-time. This partnership turns devices into doers and data into new industries, new jobs, and safer communities—built in Abu Dhabi, for the UAE.”

As humanity enters the age of the agentic economy, the world is shifting from a cloud-dominant, app-based SaaS model to an era defined by billions of intelligent agents and a knowledge-as-a-Service (KaaS) economy valued in the trillions. This transformation demands a new kind of software infrastructure, one that is distributed, autonomous, and deeply contextual.

“We are entering the age of the agentic economy,” said Fay Arjomandi, Founder and CEO of mimik. “With built-in sovereignty and execution, along with sustainability and energy cost savings, mimik provides the most valuable tech stack for the agentic-native economy. The mimik platform enables operational freedom and control, while simultaneously delivering customers the flexibility they need to grow their businesses.”

Device-First Continuum AI represents an evolution. It is local and offline-first, yet effortlessly connected, enabling every device—robot, sensor, or machine—to become self-aware and contextually intelligent. These devices process and act at the edge, collaborating dynamically with each other and with humans to form an adaptive, decentralized intelligence network.

mimik UAE will become a cornerstone in Abu Dhabi’s agentic future, fuelling AI innovation, cultivating advanced talent, and strengthening regional data sovereignty. Together, the partners in the mimik UAE joint venture envision Abu Dhabi as the world’s leading hub for physical AI, where intelligence transcends centralized data centers to form a living, evolving mesh of interconnected systems that grows alongside society itself.

About mimik

mimik powers the Agentic Economy with Agentix-Native software that turns everyday devices into intelligent collaborative systems. Its software platform enables real-time inference across smartphones, cameras, drones, robots, machines, and servers. By creating a Device-First AI continuum across endpoint devices and the cloud, mimik gives a way for enterprises to operationalize agentic AI, scale intelligence, and optimize performance and cost.

For more information, visit: https://mimik.com/

Contacts

mimik Contact:

PR@mimik.com
Arthur Bailey

Tel: +1-206-919-1805

mimik Ignites Abu Dhabi Edge AI Revolution—New Joint Venture Builds a Global Blueprint for Industrial Edge Agentic AI




mimik Ignites Abu Dhabi Edge AI Revolution—New Joint Venture Builds a Global Blueprint for Industrial Edge Agentic AI

ABU DHABI, United Arab Emirates–(BUSINESS WIRE)–#ADAutonomousSummit–mimik, a global pioneer in device-first Continuum AI and agentic software, has signed a strategic MOU to establish mimik UAE, in partnership with Next71 Ltd and ASK Holding LLC, key local investment vehicles driving Artificial Intelligence innovation in the region. The partnership, announced during Abu Dhabi Autonomous Week, aligns with Abu Dhabi’s vision to position the UAE as a global leader in AI and sovereign technology development. The creation of mimik UAE underscores the partners’ strong commitment to advancing the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan and the Artificial Intelligence and Advanced Technology Council (AIATC) to accelerate the nation’s sovereign digital capabilities and innovation ecosystem.

“Together with mimik we are reimagining what’s possible — building a smart, sustainable economy where intelligence exists everywhere, for everyone,” said Sara Dhafer Alahbabi, Director of SPV and Portfolio Relations at Next71. “mimik UAE will empower local industries and innovators with the autonomy, flexibility, and security required to push artificial intelligence to every level of the Emirates’ AI ambitions.”

By decentralizing AI, mimik UAE will accelerate the Emirates’ pledge to create a diversified, knowledge-based economy driven by sustainability and innovation that serves every citizen. The strategic partnership marks a decisive move beyond traditional cloud computing as mimik’s technology enables distributed intelligence across devices, vehicles, and infrastructure, turning cities into interconnected, autonomous systems that adapt in real time.

The other partner in the joint venture, ASK Holding, states, “We’re not chasing another cloud trend—we’re building sovereign intelligence where life happens on our roads, in our ports, across our factories, and in every small business. Together with mimik and Next71, we are moving the UAE from cloud-first to citizen-first AI—private, resilient, and real-time. This partnership turns devices into doers and data into new industries, new jobs, and safer communities—built in Abu Dhabi, for the UAE.”

As humanity enters the age of the agentic economy, the world is shifting from a cloud-dominant, app-based SaaS model to an era defined by billions of intelligent agents and a knowledge-as-a-Service (KaaS) economy valued in the trillions. This transformation demands a new kind of software infrastructure, one that is distributed, autonomous, and deeply contextual.

“We are entering the age of the agentic economy,” said Fay Arjomandi, Founder and CEO of mimik. “With built-in sovereignty and execution, along with sustainability and energy cost savings, mimik provides the most valuable tech stack for the agentic-native economy. The mimik platform enables operational freedom and control, while simultaneously delivering customers the flexibility they need to grow their businesses.”

Device-First Continuum AI represents an evolution. It is local and offline-first, yet effortlessly connected, enabling every device—robot, sensor, or machine—to become self-aware and contextually intelligent. These devices process and act at the edge, collaborating dynamically with each other and with humans to form an adaptive, decentralized intelligence network.

mimik UAE will become a cornerstone in Abu Dhabi’s agentic future, fuelling AI innovation, cultivating advanced talent, and strengthening regional data sovereignty. Together, the partners in the mimik UAE joint venture envision Abu Dhabi as the world’s leading hub for physical AI, where intelligence transcends centralized data centers to form a living, evolving mesh of interconnected systems that grows alongside society itself.

About mimik

mimik powers the Agentic Economy with Agentix-Native software that turns everyday devices into intelligent collaborative systems. Its software platform enables real-time inference across smartphones, cameras, drones, robots, machines, and servers. By creating a Device-First AI continuum across endpoint devices and the cloud, mimik gives a way for enterprises to operationalize agentic AI, scale intelligence, and optimize performance and cost.

For more information, visit: https://mimik.com/

Contacts

mimik Contact:

PR@mimik.com
Arthur Bailey

Tel: +1-206-919-1805

Best’s Market Segment Report: AM Best Maintains Stable Outlook on New Zealand’s Life Insurance Segment




Best’s Market Segment Report: AM Best Maintains Stable Outlook on New Zealand’s Life Insurance Segment

SINGAPORE–(BUSINESS WIRE)–#insurance—AM Best is maintaining its stable outlook on the New Zealand life insurance segment, based in part on improving economic conditions, ongoing regulatory refinements that support market discipline, digitalisation efforts and robust capital adequacy levels among its insurers.

While there are indications that New Zealand’s economy is experiencing signs of a recovery, AM Best anticipates muted premium growth in the life insurance segment over the short-to-medium term. Persistent cost of living pressures, high household debt levels, and weak real wage growth continue to constrain discretionary spending on protection products.

According to the report, prolonged competitive pressures are expected to support product optimisation and promote heavier discounting and incentives for new customers. “These trends can erode new business margins and further increase lapse risk, which has been elevated in recent post-pandemic periods,” said Yi Ding, associate director, AM Best. “In addition, compliance and system investments linked to regulatory requirements continue to weigh on short-term profitability.”

The Financial Markets (Conduct of Institutions) Amendment Act 2022 (the CoFI Act), which took effect on 31 March 2025, requires insurers to operate under a fair conduct principle, ensuring policyholders are treated ethically and transparently throughout the product life cycle. Insurance companies have already absorbed substantial expenses to meet the IFRS 17 requirements, effective since January 2023. Now with CoFI implementation underway, insurers face further investment in governance frameworks, staff training, and technology to ensure compliance.

“Smaller insurers and those with large legacy portfolios are under greater pressure to modernise systems and strengthen oversight while maintaining profitability,” Ding said.

To access the full copy of this report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=359759.

AM Best will discuss New Zealand’s insurance industry in further detail at its Insurance Market Briefing – Auckland, which will take place at 3:30 p.m. (GMT+13) on Thursday, 13 November 2025, at Level 2/204 Quay Street, Auckland. Presentations and a Q&A session will run to 5:30 p.m. (NZDT); a networking reception will immediately follow. To register or for more information about the market briefing, please visit the event page and agenda here.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Yi Ding
Associate Director, Analytics
+65 6303 5021
yi.ding@ambest.com

Victoria Ohorodnyk
Director, Head of Analytics
+65 6303 5020
victoria.ohorodnyk@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Cynthia Ang
Senior Industry Research Analyst
+65 6303 5026
cynthia.ang@ambest.com

Best’s Market Segment Report: AM Best Maintains Stable Outlook on New Zealand’s Life Insurance Segment




Best’s Market Segment Report: AM Best Maintains Stable Outlook on New Zealand’s Life Insurance Segment

SINGAPORE–(BUSINESS WIRE)–#insurance—AM Best is maintaining its stable outlook on the New Zealand life insurance segment, based in part on improving economic conditions, ongoing regulatory refinements that support market discipline, digitalisation efforts and robust capital adequacy levels among its insurers.

While there are indications that New Zealand’s economy is experiencing signs of a recovery, AM Best anticipates muted premium growth in the life insurance segment over the short-to-medium term. Persistent cost of living pressures, high household debt levels, and weak real wage growth continue to constrain discretionary spending on protection products.

According to the report, prolonged competitive pressures are expected to support product optimisation and promote heavier discounting and incentives for new customers. “These trends can erode new business margins and further increase lapse risk, which has been elevated in recent post-pandemic periods,” said Yi Ding, associate director, AM Best. “In addition, compliance and system investments linked to regulatory requirements continue to weigh on short-term profitability.”

The Financial Markets (Conduct of Institutions) Amendment Act 2022 (the CoFI Act), which took effect on 31 March 2025, requires insurers to operate under a fair conduct principle, ensuring policyholders are treated ethically and transparently throughout the product life cycle. Insurance companies have already absorbed substantial expenses to meet the IFRS 17 requirements, effective since January 2023. Now with CoFI implementation underway, insurers face further investment in governance frameworks, staff training, and technology to ensure compliance.

“Smaller insurers and those with large legacy portfolios are under greater pressure to modernise systems and strengthen oversight while maintaining profitability,” Ding said.

To access the full copy of this report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=359759.

AM Best will discuss New Zealand’s insurance industry in further detail at its Insurance Market Briefing – Auckland, which will take place at 3:30 p.m. (GMT+13) on Thursday, 13 November 2025, at Level 2/204 Quay Street, Auckland. Presentations and a Q&A session will run to 5:30 p.m. (NZDT); a networking reception will immediately follow. To register or for more information about the market briefing, please visit the event page and agenda here.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Yi Ding
Associate Director, Analytics
+65 6303 5021
yi.ding@ambest.com

Victoria Ohorodnyk
Director, Head of Analytics
+65 6303 5020
victoria.ohorodnyk@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Cynthia Ang
Senior Industry Research Analyst
+65 6303 5026
cynthia.ang@ambest.com