Technology
Latest news, analysis, and insights from ASX technology companies
Blockmate investee Hivello forms strategic alliances to boost DePIN sector ahead of token launch
Decentralised physical infrastructure networks (DePIN) developer Hivello has partnered with three technology agencies in the lead-up to a token launch in August. The company will work with Dubai-based marketing firm Luna PR, technical growth agency Winn Solutions and blockchain specialist Forgd to help expand its reach to seasoned crypto enthusiasts and newcomers who can seamlessly […]
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Perimeter Medical Imaging AI confirms positive outcomes from study of artificial intelligence technology on breast cancer surgeries
A peer-reviewed study on an artificial intelligence technology developed by Perimeter Medical Imaging AI (OTC: PYNKF) has identified positive outcomes for breast cancer surgery. When integrated with wide field optical coherence tomography (WF-OCT), Perimeter’s ImgAssist software has been shown to enhance productivity and decision making in surgery margin assessments. The deep learning model showed high […]
Astera Labs makes Nasdaq debut amid AI boom
Astera Labs (NASDAQ: ALAB) made its Nasdaq debut last month with a market capitalisation of $9.68 billion as it tapped into investor enthusiasm for artificial intelligence. The California-based company sells high-speed data transfer technology for AI computing and other cutting-edge data centre applications. It is the first big technology firm to go public this year […]
Rekor Systems reports 108% revenue increase in first quarter 2023
Global artificial intelligence company Rekor Systems Inc (NASDAQ: REKR) has announced increases across the board for the three month period to end March. The company posted a 108% increase in gross revenues to $6.2 million, reflecting a $3.2 million jump over the March 2022 quarter. Recurring revenue for the period — generated from software as […]
Blockmate Ventures and Sunified Group to launch world’s first solar token
Blockmate Ventures Inc (OTCQB: MATEF) and renewable energy specialist Sunified Group BV have agreed to jointly launch the world’s first solar token which facilitates solar development and optimization in a blockchain environment. The technology leverages off Sunified’s patented solar UNITY sensors and will allow solar energy to be measured, tokenized and sold, leading to both […]
Chinese tech giants launch advanced AI chatbots to rival ChatGPT
China’s tech giants Alibaba (NYSE: BABA), Baidu (NASDAQ: BIDU) and SenseTime (OTC: SNTMF) have unveiled artificial intelligence (AI) models that aim to rival OpenAI’s renowned ChatGPT. At the 2023 Alibaba Cloud Summit, Alibaba debuted its own ChatGPT-style product, Tongyi Qianwen, which boasts both Chinese and English language capabilities. Tongyi Qianwen will initially be rolled out […]
VIQ Solutions signs multi-year deal to promote Netscribe AI transcription service to India
Canadian developer VIQ Solutions (NASDAQ: VQS) has signed a multi-year deal with e24 Technologies DBA Transcription Hub (Thub) to provide its NetScribe artificial intelligence-powered technology to transcription companies in India. Netscribe employs intelligent speech-to-text technology to quickly turn single speaker and multi-speaker recordings into formatted draft documents for review and edit. VIQ said the product […]
BuzzFeed and Microsoft lead the charge as AI replaces jobs
We may be witnessing an inflection point with artificial intelligence (AI), notably OpenAI’s GPT large language model replacing jobs through automation. Last week the news and entertainment company BuzzFeed Inc (NASDAQ: BZFD) said it would use the GPT-3 engine to create quizzes and other content targeted towards teenagers and young adults, which sent its stock […]
ChatGPT poses threat to Chegg and other Q&A services
Chegg Inc. (NYSE: CHGG), an education company in California that provides homework help to students and online tutoring services, could be another company facing an existential threat from ChatGPT and other language models. Chegg is most known for operating a question-and-answer (Q&A) site where students can post their exam and homework questions and wait for […]
Splitit and Alipay partner to power ‘pay after delivery’ on AliExpress
One of the biggest online and mobile payment platforms in the world, Alipay, has announced a strategic alliance with Splitit Payments (OTCQX: SPTTY). As a result of the partnership, AliExpress, a global eCommerce marketplace owned by the Alibaba Group (NYSE: BABA), will now offer customers a ’Pay After Delivery’ option, which will be powered by […]
FansUnite Entertainment sets new revenue record, cash flow positive
FansUnite Entertainment (OTCQX: FUNFF) has generated $20.08 million of revenue for the nine months ended 30 September 2022, and achieved its first cash flow positive quarter from operations. The maiden cash flow positive quarter was achieved in Q1 FY2022, and amounted to approximately $0.5 million. FansUnite also produced a gross margin of roughly 48% for […]
Thoma Bravo adds to growing portfolio with $8b Coupa Software acquisition
American software investment firm Thoma Bravo has announced yet another acquisition – snapping up Coupa Software (NASDAQ: COUP) in an all-cash $8 billion deal. The deal values Coupa at $81 a share, which is a 77% premium on the company’s share price on last day of trading on 22 November. Experts believe the premium offered […]
