Cykel AI PLC - London-based online recruitment platform - Pretax loss in the 13 months that ended January 31 widens to GBP2.6 million from GBP1.6 million in 2023. This is driven by one-off reverse acquisition expenses of GBP1.0 million for the year. The firm continues to report negligible revenue. Cykel AI changes its financial year-end to January 31 from its prior December 31 end date. Read More
(Alliance News) - Cykel AI PLC on Wednesday said it will adopt a bitcoin treasury reserve strategy in a push towards digital asset integration. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Cykel AI Development PLC - develops autonomous digital workers that use artificial intelligence to perform business tasks without human supervision - Says new recruitment tool, Lucy, gets "substantial early market engagement", with Cykel AI completing 200 product demonstrations since Lucy's release at the start of March. Lucy joins research analysis tool Samson and sales tool Eve in Cykel AI's stable of products that draw upon its proprietary TaskOS AI agent infrastructure. Cykel AI says it expects some early implementations of Lucy to convert into commercial contracts in the second quarter of 2025. "The robust level of market engagement we're experiencing validates our thesis that AI digital workers represent the next evolution in business process transformation," says Chief Executive Officer & Founder Ewan Collinge. Read More
Cykel AI PLC- London-based technology company specialising in artificial intelligence - Partners with AI-powered veterans' employment platform, Forces Horizon Ltd, expanding its market reach. Says the collaboration combines Cykel's digital worker technology with Forces Horizon's military expertise to "revolutionise veteran recruitment". Says market includes over 18 million veterans in the UK and US and expects its AI recruitment partner Lucy to be integrated into Forces Horizon's military-to-civilian skills translation platform. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday. Read More
Cykel AI PLC - London-based technology company specialising in artificial intelligence - Launches an advanced recruitment AI agent called 'Lucy'. Lucy is a fully autonomous digital worker capable of executing end-to-end recruitment processes and managing complex workflows. Lucy is the first of a series of specialised digital workers that Cykel plans to launch, with each one designed to transform specific business functions. Read More
(Alliance News) - Cykel AI PLC on Wednesday said it has signed a strategic partnership with BabelBond Ltd, a provider of artificial intelligence-powered translation solutions for financial services. Read More
(Alliance News) - Cykel AI PLC on Tuesday said it has appointed Co-Founder Ewan Collinge as chief executive officer, effective immediately. Read More
(Alliance News) - Cykel AI PLC on Tuesday remained positive of growth opportunities in artificial intelligence despite widened half-year losses. Read More
(Alliance News) - Cykel AI PLC on Wednesday announced the launch of its new web app, as an alternative platform for users to access its services. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Tuesday not separately reported by Alliance News: Read More
Cykel AI PLC - London-based company that uses artificial intelligence to help clients streamline workflows, reduce time spent on repetitive tasks, and improve efficiency - Chief Executive Officer Jonathan Bixby gives 32.0 million shares, a third of his total holding, to charity. Bixby gifts the shares to Charitable Impact Foundation, a Vancouver, Canada-based organisation that helps donors manage their charitable funds and direct gifts to charities of their choice. Bixby's gift is worth GBP2.5 million at the current market price of Cykel AI. He continues to hold 63.6 million shares, a 15.2% stake. Read More
(Alliance News) - Cykel AI PLC on Tuesday said that it has signed a strategic partnership with Shift, a community of fintech leaders. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Cykel AI PLC - Raises GBP350,000 through placing of 5.8 million shares priced at 6 pence each. Says proceeds will be used for "general working capital requirements." Read More
Cykel AI PLC - artificial intelligence specialist - and Mustang Energy PLC - London-based special purpose acquisition company focused on energy storage assets. On Tuesday, court sanctions scheme by which bid for Cykel AI by Mustang will be implemented. Read More
(Alliance News) - Mustang Energy PLC and Cykel AI PLC on Friday agreed terms to an all-share takeover, following several extensions of the offer deadline. Read More
(Alliance News) - Mustang Energy PLC on Friday said its acquisition of Cykel AI PLC has been delayed. Read More