29th May 2025 14:32
GenIP PLC - generative AI analytic services provider - Secures first engagement in Brazil via a contract with a government agency. "GenIP has won a contract to deliver its AI-enhanced technology evaluation service to a government agency that is one of the country's main funders of scientific and technological research. The collaboration supports a nationally backed bioenergy initiative designed to enhance sustainable energy innovation. GenIP's AI-powered reports will inform strategic decisions on commercialising breakthrough technologies in the bioenergy field," the firm says.
Early in May, the company announced the launch of a new AI-powered product and its first client for the new product, which it said was a "Big Four" accountancy firm. The big four, all based in London, are Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers. GenIP said its "Competitive Intelligence Report" helps organisations identify and assess entities in specific technologies.
Current stock price: 25.50 pence each, up 4.1% on Thursday afternoon in London
12-month change: down 15%
By Tom Budszus, Alliance News slot editor
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