Canadian venture capital firm Alacrity has set up in Mexico City, with plans to invest 10 million pesos into 12 technology startups over the next 3 years.

Scheduled for August 15 to 18 at the Mexico City Arena, the event will focus on solving energy efficiency problems with the creation of robots.

The lab will test and promote AI solutions that positively impact businesses, besides training Mexicans interested in acquiring skills in the new technology.

Mexican software vendor Nearshore Delivery Solutions (NDS) featured at the Global Information Technology Management Association’s (GITMA) annual conference last week, which was hosted in Mexico City for the first time in nine years.

The city of Phoenix is making plays to build a strong technological and economic relationship with Mexico, especially in the field of Fintech.

Known as AT&T Foundry, the center is the first of its kind in Latin America, but the sixth one the carrier has built in the Americas.

The expansion into China is predicted to help the company increase its revenue by five times, with the technology startup expected to post US$10 million in revenue for 2017.

Didi Chuxing is taking on Uber in a head-to-head battle of the apps, with the Chinese provider launching operations in Mexico in the first quarter of 2018.

Conacyt has ushered Mexico into the Transformative Innovation Policy Consortium, a global council that solves local challenges through joint research.

With new service providers entering the market and existing participants widening their service portfolios, competition is growing like never before.