Category: Technology

EnergySoftwareTechnology

Octopus Energy’s Kraken Platform Emerges as UK’s Tech Unicorn Amid Global Expansion

Kraken Technologies, the software platform behind Octopus Energy, is reportedly overtaking its parent company’s retail energy business in value. The platform, which serves over 70 million households globally, is preparing for a potential public listing as it expands its international footprint.

The Rise of Kraken Technologies

Kraken Technologies, the software platform developed by UK energy supplier Octopus Energy, is reportedly becoming more valuable than the retail energy business that created it, according to recent analysis. The platform, which manages everything from billing to electric vehicle charging for utility companies worldwide, has grown into one of Britain’s most valuable technology startups of the past decade.

by Carter Wells
AIBusinessTechnology

Sea Limited CEO Forrest Li Envisions AI-Driven Path to Trillion-Dollar Valuation

Sea Limited CEO Forrest Li has reportedly outlined an ambitious vision for the company’s future, suggesting artificial intelligence could drive a tenfold increase in market capitalization. According to internal communications, the Southeast Asian tech giant sees AI as transformative as previous technological revolutions. However, sources indicate significant challenges remain in harnessing AI’s full potential.

Sea’s Ambitious AI-Driven Growth Strategy

Sea Limited founder and CEO Forrest Li has reportedly set an ambitious target for the Southeast Asian technology company, suggesting it could achieve a $1 trillion market capitalization with the help of artificial intelligence integration, according to internal communications obtained by Bloomberg News. The memo to staff reportedly compared AI’s transformative potential to historical technological revolutions that dramatically expanded access to products and services.

by Carter Wells