NCC Group turnaround showing positive momentum
Manchester HQ’ed cybersecurity supplier NCC Group has published its results for the 16-month period ending 30th September, following a change to the Group’s financial year end. For the full 12 months to 31 May 2024, Cybersecurity revenues declined -2.2% to £258.5m, with a stronger second half performance of +6% growth (constant currency) in the six months ended […]
Kyndryl to move Co-op Bank’s apps to the cloud
Kyndryl has announced a strategic agreement with Co-operative Bank to migrate existing on-prem applications to Amazon Web Services (AWS) cloud. With a more flexible IT infrastructure environment, the Bank hopes to bring down costs and improve service delivery. Kyndryl and Co-op are long-time partners, and this is an extension of an existing relationship. The move […]
TechMarketView’s Research Theme 2025
xAI Colossus to grow to new heights
Elon Musk’s AI start-up xAI has announced it intends to expand its Colossus supercomputer, potentially increasing the size tenfold to incorporate more than 1m graphics processing units, which xAI will use to train its Grok AI models. Colossus was built in just three months earlier this year and is believed to be the world’s largest […]
Retaining focus on people, skills, and apprenticeships as AI accelerates
A few weeks ago, I had the pleasure of hosting panel with a couple of apprentices. Shola Ogueboule, a Software Developer Apprentice, and Katie Amison, a Data Analytics Apprentice, both work for Fujitsu. We were also joined by Jason Daniels, Chief Digital Officer at the firm. One of the key areas we discussed was around […]
OpenAI’s Military Pivot
OpenAI‘s newly announced partnership with defence technology company Anduril marks a dramatic shift in the company’s stance on military applications of AI. Just twelve months ago, OpenAI explicitly prohibited the use of its technology for “weapons development” and “military and warfare.” This new partnership will result in the deployment of OpenAI’s technology on the battlefield, […]
Lawhive raises $40m in Series A
UK-based Lawhive has raised $40m in Series A funding led by Google Ventures and TQ Ventures, with participation from Balderton Capital, Jigsaw, Episode 1 and Premier League footballers Harry Maguire and Reece James. Lawhive is a Lawtech that we first covered back in April when they raised £9.5m in seed funding (see AI paralegal Lawhive raises £9.5m). […]
Digital Bank Zopa secures €80m raise
UK digital bank, Zopa, has secured €80m in equity funding. The investment is being provided by A.P. Moller Holding, with support from a number of other investors. The move comes just over one year since Zopa’s last cash injection, when it gained access to £75m in debt funding, raising a total of £150m in 2023. […]
HPE creeps past FY24 revenue target
FY24 results from HPE show the firm surpassed its revenue growth target range (of 1-3%) with an increase of 3.3% to $30.1bn. When the firm released Q3 results in September, we pondered whether the hit to the share price – despite posting record AI revenue – came partly as a result of it leaving the […]
General Atlantic closes deal to acquire Learning Technologies Group for $1bn
US private equity investor General Atlantic has closed the deal we reported on in October to buy AIM-listed Learning Technologies Group (LTG) – see LTG takeover discussions ongoing, General Atlantic deadline extended. The deal was unanimously recommended by LTG’s board at the time, but last-minute hurdles remained with stipulations by General Atlantic that LTG CEO […]