Technology

Wise Sees Strong Customer Growth in Q2FY25, Driven by Increased Volu...

Key Points,:,Wise saw a 23% year-over-year growth in active customers, reaching 8.9 million in Q2 FY25.,Cross-border volumes increased by 20%, driven...

De La Rue Sells Authentication Division to Crane NXT for £300 Millio...

Key Points,:,De La Rue is selling its Authentication Division to Crane NXT for £300 million, with 5% held in escrow for 18 months.,The deal will help...

DiscoverIE Group's earnings are being supported by robust cash gener...

Highlights:,discoverIE Group PLC reported strong operational cash flow and robust margins, indicating that first-half earnings will align with expecta...

Thruvision Group Faces Revenue Shortfall as CEO Steps Down

Highlights:,Revenue Miss,: Thruvision's half-year revenue declined to £1.9 million, down from £3.5 million, missing forecasts due to fewer customs con...

Zapmap and Hive Join Forces to Simplify EV Charging for UK Drivers

Key Points:,£20 Charging Credit,: New Hive EV customers will receive £20 of credit for Zap-Pay-enabled chargers across the UK.,SmartCharge Savings,: H...

Equipmake and Textron Sign Agreement to Electrify Airport Ground Sup...

Key Points:,Equipmake to supply its Zero Emission Drivetrain for Textron's Safeaero 220E de-icing vehicle.,The electrified vehicle will help Textron m...

TI Fluid Systems Rejects Multiple Proposals from ABC Technologies; D...

Key Takeaways:,Fifth Offer Rejected:,TI Fluid Systems has rejected five all-cash offers from ABC Technologies, the latest at 200 pence per share.,Prem...

Crossword Cybersecurity Faces Financial Challenges, Proposes Sale of...

Highlights,Crossword Cybersecurity requires up to £600,000 within six weeks to continue operations.,The company is in discussions with major sharehold...

Oxford Metrics Acquires Sempre Group to Enhance Smart Sensing and So...

Highlights,Oxford Metrics is acquiring Sempre Group for up to £5.5 million, with £5 million paid in cash and up to £0.5 million contingent on business...

TomTom Lowers Revenue Expectations Amidst Weakening Automotive Marke...

Highlights:,Lowered Sales Forecast:,TomTom anticipates annual sales from its location technology unit to fall at the lower end of €490-520 million due...

Uber Shares Surge as Tesla Robotaxi Event Eases Market Concerns

Highlights:,Robotaxi Event Outcome:,Tesla's robotaxi event failed to show verifiable advancements in autonomous technology, reducing competitive press...

TikTok Shifts to Automation, Lays Off Hundreds in Global Content Mod...

Highlights:,Global Layoffs:,TikTok is laying off several hundred employees worldwide, with content moderation workers in Malaysia being most affected...

AMD Launches Advanced AI GPUs, Targeting Nvidia's Market Share

Highlights:,Enhanced AI Performance,: AMD's Instinct MI325X offers 1.8 times more memory capacity and 1.3 times more bandwidth than Nvidia’s H200 chip...

Netflix Prepares to Report Strong Q3 2024 Earnings, Anticipates Grow...

Highlights:,Earnings Projections:,Analysts expect Netflix’s Q3 revenue to reach $9.77 billion, with an EPS of $5.16, reflecting strong financial growt...

Global Anti-Scam Platform Launched by Google, DNS Research, and GAS

Highlights:,Global Signal Exchange,: A new data platform powered by DNS Research Federation’s DAP.live, with Google contributing abuse data to combat...

Rosslyn Data Technologies to Issue 68.7 Million New Shares in Major...

Highlights:,68.7 Million New Shares,: Rosslyn Data Technologies is issuing 68.7 million new shares as part of a broad fundraising initiative.,Chairman...

Tesla’s Shares Drop After Robotaxi Unveiling Despite Futuristic Reve...

Highlights:,Cybercab and Robovan Unveiled,: Tesla showcased its driverless Cybercab and 20-seater Robovan, pushing the boundaries of autonomous vehicl...

Oxford Metrics Strengthens Smart Manufacturing with Acquisition of T...

Highlights:,Strategic Acquisition,: Oxford Metrics acquires The Sempre Group for up to £5.5 million to enhance its smart manufacturing division.,Earni...

Blackbird CEO Shares Insights on Innovate UK's Global Business Innov...

Highlights:,Blackbird PLC has been selected for Innovate UK's Creative Catalyst and AI Global Business Innovation Program (GBIP).,The company will sho...

Auction Technology Delivers Revenue of $174M Despite Market Challeng...

Key Points:,ATG’s FY24 revenue is expected to reach $174 million, a 5% increase, with marketplace revenue up by 7%.,Adjusted EBITDA margin is projecte...