Activeops ‘well placed’ for investment as profit rises July 3, 2024 The firm posted a pre-tax profit of £1m, up from a loss of £0.2m the year prior. Revenue meanwhile rose five per cent to £26.8m.
South Yorkshire firm Intelliam AI floats on the Aquis Stock Exchange July 3, 2024 South Yorkshire AI firm Intelliam AI made its stock market debut this morning, floating on the Aquis stock exchange in a move that valued the firm at nearly £18m.
Oscar-winner DNEG lands $2bn-plus valuation after Abu Dhabi fundraising July 2, 2024 Oscar-winning UK movie tech firm DNEG Group has achieved a valuation of more than $2bn (£1.6bn) after an Abu Dhabi-backed fundraising to support expansion into producing its own films and games.
Craneware signs landmark deal with Microsoft July 2, 2024 Healthcare software provider Craneware has signed a landmark deal Microsoft that will provide the Scottish firm with access to the tech giant's Azure platform, improving customer access to its software and 'expanded cloud capabilities, and boosting its AI capabilities.
Building Blocks: Smart contracts – the groundbreaking feature of blockchain technology July 1, 2024 Blockchain’s ability to deploy “smart contracts” represents one of its most revolutionary aspects.
How AI can help fight crime July 1, 2024 The City of London’s AI Innovation Challenge will harness the power of technology to prevent and track fraud, says Chris Hayward AI chip producer Nvidia is vying with Microsoft and Apple for the title of world’s most valuable company. History teaches us that those who become the world’s most valuable company, be they Standard Oil, [...]
Google Deepmind among nominees for ‘Nobel Prize of engineering’ June 28, 2024 AI-powered weather forecasting, innovative heat batteries and the rapid manufacturing scale-up of a Covid vaccine are the three cutting edge technologies nominated for an engineering award dubbed "the Nobel Prize of Engineering".
‘Market prices vulnerable to sharp correction,’ Bank of England warns June 27, 2024 The Bank of England has warned that investors are only focusing on good economic news, sending up asset prices and raising the risk of a “sharp correction” in the future.
Currys back in the black thanks to ‘encouraging’ momentum in key markets June 27, 2024 Tech retailer Currys has seen its profit rise as bosses say the company is "getting back on track" after a tumultuous couple of years.
Mark Kleinman: Challenging times for challenger banks June 27, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City A.M. column. Today, he looks at challenger banks, Carlsberg's Britvic play and office space woes