AUCKLAND, NZ: TradeWindow (NZX:TWL) outlined proposed cost reductions to reduce cash usage to a more sustainable level. The proposed changes reflect a more conservative approach to its R&D investments in a challenging funding market for early-stage technology companies. The announcement is in line with TradeWindow’s announcement to the NZX on 27 February. TradeWindow remains in…
Cameron Judson to lead the business as Ignite Limited CEO Tim Moran has resigned
SYDNEY, AUSTRALIA: Ignite Limited announced that Tim Moran has tendered his resignation as Chief Executive Officer. Tim’s final employment date will be 31 March 2023. Following Tim’s decision to step down as CEO, Ignite has appointed Cameron Judson as Executive Director to lead the business until at least the release of Ignite’s full year results…
OpenAI has created GPT-4
OpenAI has created GPT-4, the latest milestone in OpenAI’s effort in scaling up deep learning. “The AI technology “exhibits human-level performance on some professional and academic tasks,” a company blog noted. The company said the model is “more creative and collaborative than ever before” and would “solve difficult problems with greater accuracy” than its earlier…
UK pay growth slows down ahead of interest rate hike
Basic pay in United Kingdom (UK), excluding bonuses, rose by 6.5% in the three months to January compared with 6.7% in the three months to December, representing the first slowdown since late 2021. Total pay grew by an annual 5.7% in the November-to-January period, slowing from 6.0% in the previous figures and the weakest increase…
Volkswagen to invest 180 billion euros with primary focus on electrification and digitalization
Volkswagen, has announced plans to invest Euros 180 billion ($192.6 billion) over the next five years (2023-2027) with primary focus on electrification and digitalization. Volkswagen is a German multinational automotive manufacturing company headquartered in Wolfsburg, Lower Saxony, Germany. It was founded in 1937 and is currently the largest automaker in Europe and the second-largest in…
Centrica announces plans to extend life of two nuclear power stations
LONDON, UK: Centrica plc has announced plans to extend the lives of the Heysham 1 and Hartlepool nuclear power stations, which are now expected to close in March 2026, two years later than previously forecast. These extensions are expected to add 6TWh to Centrica’s electricity generation volumes between 2024 and 2026 which equates to around…
Playtech Plc announces a landmark strategic partnership with Hard Rock Digital
LONDON, UK: Playtech Plc announced a landmark strategic partnership with Hard Rock Digital (“HRD”), the exclusive, global vehicle for interactive gaming and sports betting for Hard Rock International and Seminole Gaming. Under the partnership, HRD will license a range of the Company’s proven technology solutions and iGaming content to deliver the authentic experience customers have…
Fintech Asia agrees terms to acquire InvesCore Financial Group
LONDON, UK: Fintech Asia (LON:FINA), a company established to acquire one or more companies or businesses in the financial technology sector, has entered into a heads of terms to acquire the entire issued share capital of InvesCore Financial Group. InvesCore Financial is a group of companies with its primary operations in the micro-finance sector, offering…
Microlise Group has acquired Vita Software, a transportation management system provider
LONDON, UK: Microlise Group plc (AIM: SAAS), a leading provider of SaaS based transport technology solutions to fleet operators, announced the acquisition of Vita Software, a leading provider of transportation management system (TMS) solutions, for a total consideration of £2.06 million. The acquisition will expand Microlise’s suite of transport technology solutions and is expected to…
Coinsilium Group to acquire Web3 advisory service business of Tokenomi
LONDON, UK: Coinsilium Group Limited (AQSE: COIN) has entered into Heads of Terms (HoT) with Tokenomi, a blockchain and Web3 advisory services firm and with its owner and managing director, Alexis Nicosia, to acquire the advisory service business and certain intellectual property assets of Tokenomi, under a proposed Asset Purchase Agreement (APA). Tokenomi advisory client…
RS Group appoints Simon Pryce as Chief Executive Officer
LONDON, UK: RS Group announced that Simon Pryce is to be appointed to the role of Chief Executive Officer (CEO) and Executive Director with effect from 3 April 2023. David Egan, currently Acting CEO, will work alongside Simon in his role of Chief Financial Officer (CFO). RS Group plc is a distributor of industrial and…
Guild Mortgage has acquired Cherry Creek Mortgage
SAN DIEGO: Guild Mortgage (NYSE: GHLD) has acquired Cherry Creek Mortgage LLC, a privately held Colorado-based lender with physical branches across the country whose business and customer-centric approach closely aligns with Guild’s. Cherry Creek Mortgage was co-founded by Jeff May in Greenwood Village, Colorado in 1987. He led company growth over the past 36 years,…