Amazon launches ‘Nova’ AI foundational models
Amazon has launched a range of new AI foundation models, dubbed ‘Nova’, as it seeks to keep pace with Microsoft, Google and Meta. With the ability to process text, image, and video as prompts, customers can use Amazon Nova-powered GenAI applications to understand videos, charts, and documents, or generate videos and other multimedia content. Amazon […]
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SysGroup shares tank 21% on year end warning
First half results from SysGroup caused shares in the company to tank 21% this morning – at time of writing. The firm, which is positioning itself as “the partner of choice for small and medium sized businesses on their data journey” said that it expects revenue for the remaining half of the year to to be […]
Tewke’s smart grid technology attracts £2.6m investment
ClimateTech startup Tewke has raised £2.6m in seed funding (backers were not disclosed). The company develops smart grid technology, designed to optimise energy generation and consumption. It’s developed all its tech in-house (from the electronics that power the Tewke’s home units to its custom operating system, Tewke OS). Tewke Tap (the company’s “intelligent light switch”) […]
Vianet revenue up 7% in H1 with return to profitability
Vianet Group, the hospitality and retail-focused asset management and business intelligence software provider, has announced its financial results for the first half of FY25 (ended 30th September 2024), trading “in line with management expectations”. Revenue was up 7% to £7.69m, with 84% of this (£6.45m) being recurring revenue—down from the 87% figure of H1 2024, […]
Tembo Money secures £14m cash injection
UK-fintech Tembo Money has raised new funding totalling £14m as it looks to further develop its digital savings and mortgage platform. The Series B round was led by Goodwater Capital and supported by a variety of existing investors including Aviva, Ascension and Love Ventures. Co-founded in 2020 by Richard Dana, Eddie Ross and Geoff Wright, […]
Single Trade Window shuts on Deloitte…for now
Deloitte’s £100m Single Trade Window (STW) Technical Delivery Partner contract with HM Revenue and Customs (HMRC) faces an uncertain future following a government decision to stop work on the programme for at least 16 months. The hiatus was announced last month by James Murray, The Exchequer Secretary to the Treasury, who cited the financial challenges […]
MoD employee passwords stolen by Russian hackers
The Ministry of Defence (MoD) has been hit by a serious security breach, with passwords belonging to nearly 600 employees stolen and leaked onto the dark web. The cyberattack, believed to have been perpetrated by Russian hackers, has exposed sensitive information of both military personnel, civilian staff and defence contractors. The hackers targeted the Defence […]
Atos states ‘whole stack view’ key to supporting EUROCONTROL
Atos’ recent tumultuous journey towards its financial restructuring is no secret. That journey is nearing its end, with Atos determined to emerge the other side stronger and with renewed confidence. The recent H1 results, which revealed a 10% drop in Group revenues, highlighted the difficulties that Atos has had securing new clients during this period […]
Debt analytics firm 9fin raises $50m
London and Belfast based 9fin has raised $50m in Series B funding as it looks to disrupt the market for debt research. The funding round was led by Highland Europe, with participation from Spark Capital, Redalpine, Seedcamp, 500 Startups and Ilavska Vuillermoz Capital. 9fin was founded in 2016 and competes with the likes of Reorg, […]