OpenSpace unveils Visual Intelligence Platform with smartphone-first capture
San Francisco, September 10, 2025 News Summary At its Waypoint summit in San Francisco, OpenSpace introduced a Visual Intelligence Platform combining smartphone-first field capture with milestone-based analytics. The suite includes OpenSpace Field, which uses Spatial AI to pin photos to floorplans and align imagery to BIM, and OpenSpace Progress Tracking, a milestone-driven service powered by an […]
Speedchain expands commercial cards and AI expense management
Atlanta, September 10, 2025 News Summary Speedchain, a fintech focused on commercial card programs and expense management for construction and project-driven industries, closed a $111 million financing comprised of debt and equity. The funding will support national expansion, product development and new AI modules for predictive coding and automated receipt workflows. Its platform pairs company cards […]
Chicago NFL team confirms privately financed domed stadium and mixed‑use district in Arlington Heights
Arlington Heights, Illinois, September 10, 2025 News Summary A Chicago NFL team has confirmed plans to build a privately financed fixed‑roof domed stadium and a surrounding mixed‑use district on a 326‑acre suburban site. The full development is projected as roughly a $5 billion investment, with the stadium portion about $2 billion and seating for 65,000–70,000 fans. […]
Construction project management software market poised for rapid growth
Global, September 10, 2025 News Summary Global demand for construction project management software is accelerating as owners, contractors and programs seek unified platforms for scheduling, budgeting, document control, resource tracking, collaboration and reporting. Cloud and mobile access, integration with BIM, AI, IoT and drones, and rising infrastructure investment are expanding use across complex, multi-project programs. Reported […]
Latin America construction market faces strong demand amid diverging forecasts
Latin America, September 8, 2025 News Summary Two recent studies present conflicting size and growth estimates for the Latin America construction market but agree on core dynamics: robust urban and infrastructure demand, large public investment programs and expanding PPPs, cost and logistics pressures, a widening skills gap, heightened climate risks, and increased focus on sustainability and […]
Dongfeng completes 47,000 m² gigacasting plant 25 days early
China, September 8, 2025 News Summary Dongfeng has finished construction of a 47,000 m² gigacasting factory 25 days ahead of schedule, allowing earlier equipment installation and commissioning. The single‑phase building will house ultra‑large die‑casting lines including a 16,000‑tonne unit and a 10,000‑tonne unit, positioning the company at the forefront of large‑format casting. Using Building Information Modeling […]
Construction market set for steady rise as data‑centres and insurance deals reshape priorities
Dublin, Ireland, September 8, 2025 News Summary A major market study forecasts significant expansion in the global construction market, driven by housing, commercial development and infrastructure, with sustainability and advanced technologies accelerating change. Africa’s data‑centre construction is identified as a faster‑growing niche due to cloud demand and AI workloads. The specialist insurance sector is consolidating after […]
Nedinsco launches NedEye, a European drone gimbal for tactical ISR
Netherlands, September 8, 2025 News Summary Nedinsco has launched NedEye, a fully European-designed airborne gimbal for tactical ISR missions aimed at medium-weight drones. Built for fixed-wing and rotary platforms in the 2–150 kg class, NedEye combines advanced optical and digital continuous zoom, mechanical and software image stabilisation, night-vision sensors and onboard AI for automated detection and […]
Venture debt accelerates ultra-low carbon cement rollout while 3D-printed home and Contech Top 50 shape construction market
Yaroslavl, Russia, September 8, 2025 News Summary Three sector developments signal near-term shifts in construction and building materials. A climate-tech cement developer secured venture debt to scale an alkali-fusion, AI-driven ultra-low carbon cement that claims up to 85% CO2 reduction versus traditional Portland cement. In Yaroslavl a multi-company team completed Europe/CIS’s first residential 3D-printed house, printed […]
North West Company Q2 preview amid TSX small‑cap record
Winnipeg, Manitoba, Canada, September 7, 2025 News Summary Canada’s TSX Small Cap Index set a new intraday record as investors turn to The North West Company ahead of its upcoming second‑quarter results. The Winnipeg‑based retailer faces two key wildcards: wildfire evacuations that may have disrupted store traffic, staffing and inventory, and accelerating First Nations settlement payments […]