A New Zealand investment firm is involved in infrastructure required to build OpenAI, Oracle & Softbank’s enormous AI Stargate compute project in Texas.

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The Social Development Minister says more jobs are coming to address the number of people on the benefit rising.

Ministry of Social Development statistics show almost eight thousand more people were receiving a main benefit in June compared to March.

As well, close to 81 thousand beneficiaries have moved into work in the last financial year.

Louise Upston told Heather du Plessis Allan the Budget included multiple incentives to create more jobs.

She says apart from the infrastructure pipeline, they're also giving businesses the confidence to take on more staff.

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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

See omnystudio.com/listener for privacy information.

The hunt is on for New Zealand's next big new start-up.

Icehouse Ventures recently opened a $30 million seed round in an attempt to fund 30 new Kiwi-made business ventures.

CEO Robbie Paul says they're looking to invest in new technology that can go from New Zealand to the world.

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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

See omnystudio.com/listener for privacy information.