Top tech news today: 18 April, 2025

1. Job cuts and new hires at Pismo

Pismo announces job cuts while also hiring in key areas, indicating a strategic shift in their workforce. Source

2. Trabian acquires Mesh for banking innovation

Trabian Technology has acquired the Mesh platform from Core10, enhancing its capabilities in banking operations and embedded finance solutions for community financial institutions. Source

3. Banking Tech Awards 2025 open for entries

The Banking Tech Awards 2025 are now accepting entries, celebrating innovation and excellence in the banking technology sector. Source

4. Webull stock surges after SPAC merger

Webull’s stock skyrocketed nearly 375% on its second trading day following its SPAC merger, achieving a market cap of around $30 billion amid investor enthusiasm. Source

5. iCreditWorks raises $60M for PaaS drive

iCreditWorks has secured $60 million in funding to enhance its platform-as-a-service offerings, aiming to innovate financial solutions for its clients. Source

6. Rakuten opens tech center in Paris

Rakuten expands its European presence with the opening of a new tech center in Paris, focusing on enhancing its services and innovation across the continent. Source

7. AT&T and AST SpaceMobile launch satellite trials

AT&T and AST SpaceMobile have initiated trials for direct-to-cell satellite connectivity, aiming to enhance public safety communications across underserved areas. Source

8. KDDI focuses on network slicing for events

KDDI is promoting a new network slicing solution aimed at improving live event broadcasting, showcasing the potential of tailored network capabilities in dynamic environments. Source

9. US state targets its own tech companies

A US state has declared a controversial initiative against its own companies, raising concerns about the implications for local businesses and the tech industry. Source

10. Nokia and Infinera strengthen optical networks

Nokia’s acquisition of Infinera aims to enhance capabilities in optical networking, addressing the growing demand for connectivity solutions across various applications. Source

11. OpenAI’s Stargate eyes European expansion

OpenAI’s Stargate is planning to expand into Europe, aiming to build on its success in the US and adapt its technology to new markets. Source

12. UK invests in quantum technology

The UK government is increasing investments in quantum technology, recognizing its potential to drive innovation and economic growth in various sectors. Source

13. Colorado offers tax breaks for data centers

Colorado is providing 30-year tax breaks to attract hyperscale data centers, aiming to boost its economy and technological infrastructure. Source

14. Schneider Electric enhances services

Schneider Electric is expanding its service offerings to improve client support and operational efficiency, focusing on sustainable energy solutions. Source

15. Subsea cables to become seismic sensors

Sparkle joins a €4 million EU initiative to transform subsea cables into seismic sensors, aiming to enhance disaster preparedness and monitoring capabilities. Source

16. Fiberlight to acquire metro fiber networks

Fiberlight has reached an agreement to acquire metro fiber networks, aiming to expand its infrastructure and service capabilities in key markets. Source

17. Nokia and Ericsson aid Morocco’s digital growth

Morocco’s ministries have partnered with Nokia and Ericsson to boost digital development, focusing on enhancing the country’s technological infrastructure. Source

18. Huawei appoints new CEO in Egypt

Huawei has appointed a new CEO for its operations in Egypt, signaling its commitment to strengthening its presence in the region. Source

19. Ericsson reports profits but warns of tariffs

Ericsson has reported strong profits for Q1 but cautions that upcoming tariffs may impact its operations and profitability in the near future. Source

20. Trump’s policies impact diversity initiatives

The repercussions of Trump’s anti-inclusion policies are being felt across industries, prompting discussions on diversity and equity in various sectors. Source