IN BRIEF: GenIP shares up as secures entry into Brazilian market

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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%

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