Market Intel

ServiceNow hits 603 customers spending $5M+, up 20% YoY

ServiceNow reported 603 customers spending over $5M annually, averaging $14.7M each. The company closed 244 deals over $1M in net-new ACV in Q4 alone, up 40% YoY. Paul Fipps, President of Global Customer Operations, detailed how they built the GTM engine behind $10B+ revenue and five years of 20%+ growth.

Mar 19, 2026 · 2 min
Market Intel

ASIC: 56% of Gen Z trust social media for investment advice

Australia's financial regulator surveyed 1,227 18-28 year olds. Two-thirds use social media for investment decisions, one in five rely on AI tools, and 52% trust finfluencers. ASIC Commissioner Alan Kirkland warns algorithms prioritise clicks over accuracy, putting young investors at risk.

Mar 16, 2026 · 2 min
Market Intel

Canva beats Claude and Deepseek in AI tool usage rankings

Sydney's Canva ranks third for monthly AI web users behind ChatGPT and Gemini, according to A16Z analysis. The design platform outranks Claude, Perplexity, and Deepseek after expanding AI features through Magic Studio. Worth noting: this counts web visits, not revenue or enterprise adoption.

Mar 10, 2026 · 2 min
Market Intel

Canva denies Leonardo AI job cuts, says no redundancies planned

Canva pushed back on reports that its Leonardo AI integration would trigger job losses. The company says it is not exploring redundancies as it folds the 150-person Sydney team into its AI roadmap. Worth noting: this comes as tech layoffs continue across ANZ, with AI integration often cited as the reason.

Mar 2, 2026 · 2 min