French accounting startup Pennylane has just become Europeâs latest unicorn after securing âŹ40mn â its sixth major fundraise since the company was founded just three years ago. âWe werenât even looking for fundraising, but we welcome any opportunity to grow even faster,â Pennylaneâs CEO and co-founder, Arthur Waller, boldly stated. The fresh funds have doubled the companyâs valuation to âŹ1bn, making it the first French unicorn of 2024. Pennylane â... Read more âș
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Like many of us, Alisha Fredriksson is terrified about climate change. But unlike many of us, sheâs rolling up her sleeves and doing something about it.  Two years ago the young entrepreneur co-founded Seabound â a London-based startup on a mission to decarbonise the shipping industry. Unlike other modes of transport like cars or buses, big shipping companies have few technologies at their disposal to slash emissions. The sector emits... Read more âș
0
A supermarket deep in rural Germany had a problem. Far from the ample workforce of the nearest city, the shop was staffed largely by local teenagers still at school. The kids were motivated but inexperienced, says Avik Mukhija, co-founder of retail tech startup Freshflow. He declines to reveal the shopâs exact location. When ordering fresh produce each day, the adolescent employees tended to over-stock for fear of running out of... Read more âș
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Finnish startup Kuva Space has unveiled plans to provide the US government with hyperspectral data. A powerful technology with diverse applications, hyperspectral imagery analyses a wider light spectrum than traditional sensors. As a result, it can unravel new insights about scanned objects. Here on Earth, the techniques have discovered artworks hidden under Picasso paintings and enhanced colours in smartphone photos. Up in space, the possibilities are almost endless. With views... Read more âș
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Amid an increasingly intense global race, EU lawmakers have agreed on a new set of rules to boost domestic production of green technologies. On Tuesday, the European Parliament and Council struck a deal on the much-anticipated Net Zero Industrial Act (NZIA). The key regulation seeks to ensure that homegrown net-zerotech can cover at least 40% of the blocâs demand by 2030. âThe NZIA is an important step in creating the... Read more âș
6
ï»ż Welcome to the new episode of the TNW Podcast â the show where we discuss the latest developments in the European technology ecosystem and feature interviews with some of the most interesting people in the industry. In todayâs episode, Andrii and Linnea talk about the AI Act, the leak of Mistralâs surprisingly powerful large language model, European supercomputer chips, and more. Here are the stories and things mentioned in... Read more âș
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Deepfake âface swapâ attacks skyrocketed by 704% from the first to the second half of 2023, according to new research. Analysts at iProov, a British biometric firm, attributed the surge to the growing accessibility of sophisticated generative AI tools. With their ability to manipulate key traits of an image or video, face swaps made with GenAI are difficult to detect. Theyâre also user-friendly and affordable. To create convincing face swaps,... Read more âș
3
Scientists at CERN are trialling a new type of robot that identify potential radiation leakages in environments challenging to navigate both for humans and other robots employed at the research centre. Called the CERNquadbot, the dog-like robot has successfully completed its radiation protection test at the North Area, the facilityâs largest experimental zone. âThere are large bundles of loose wires and pipes on the ground that slip and move, making... Read more âș
2
A voluptuous aircraft dubbed âThe Flying Bumâ has joined the fleet of Grands Espaces, a French eco-tourism company. Officially called the Airlander 10, the climate-conscious craft brings the Zeppelin era into the future. Built by the UKâs Hybrid Air Vehicles (HAV), the blimp used helium and electricity to stay aloft. In development since 2007, the Airlander 10 promises lower emissions, fuel burn, noise, and operating costs. HAV bills the vehicle... Read more âș
1
For the average individual, work makes up about â of their life. Everyone should have the freedom to not have to hide essential parts of their identity from their colleagues, business partners, or, in the case of startup founders â investors. Unfortunately, this is still far from reality. While the tech industry is supposedly at the forefront of humanityâs drive for innovation, many people in the LGBTQIA+ community working in... Read more âș
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The UK government is investing over ÂŁ100mn in AI R&D and regulation, in its first official response to the AI white paper consultation it released in March 2023. Unlike the EUâs sweeping AI law, the UKâs announcement further backs the white paperâs âpro-innovationâ approach. Aiming to establish rules that can be âmore agileâ than those of competitor nations, the government confirmed once again that it âwill not rush to legislate.â... Read more âș
2
Autonomous delivery startup Starship Technologies announced today it had raised $90mn on its mission to âmake science fiction a realityâ and roll out its self-driving robots across streets in Europe and the US. There are sci-fi scenarios where robots turn on their makers, hunt them down, and initiate either the enslavement or the extinction of humanity. Then there are the R2-D2s and the BB8s of the genre â resourceful droid... Read more âș
5
Edinburgh-based startup Gravitricity is set to turn one of Europeâs deepest mines into the continentâs first-ever gravity energy storage system.  The gravity tech uses massive weights that are hoisted up the mineshaft during times of surplus energy, and then released back down again during times of peak demand â driving a turbine and sending power to the grid. The system can release large bursts of electricity quickly or release it... Read more âș
2
The UK government, AI companies, and creative organisations have failed to reach consensus on a proposed code that would set clear guidelines for the training of AI models on copyrighted material. For almost a year, the Intellectual Property Office (IPO) has been consulting with companies including Microsoft, Google DeepMind, and Stability AI as well as various art and news organisations like the BBC, the British Library, and the Financial Times.... Read more âș
0
The European Unionâs member states have finally approved the worldâs first comprehensive AIÂ regulation. Ambassadors from all 27 countries reached a deal on the landmark AI Act today. The final text on the harmonised rules was agreed after lengthy negotiations between representations of the European Council, European Parliament, and European Commission. France, Germany, and Italy had all expressed late reservations about the plans. The trio had called for limited regulation... Read more âș
3
Oxford PV has built the most efficient solar panel ever made. The solar cell can convert 25% of the sunâs energy it receives into electricity, compared to an industry average of between 15-20%. The Oxford University spinout credits the breakthrough to its perovskite-on-silicon tandem solar cells. Perovskite, a calcium titanium oxide mineral, is better at absorbing light than the crystalline silicon used exclusively in most panels and could revolutionise the... Read more âș
0
Few know the risks of working in the ocean better than Sam Mayall. A sailor since he was a boy, Mayall has witnessed several treacherous accidents offshore â some of which were fatal. Thatâs what drew the young deckhand to found Zelim in 2017. The startupâs technology aims to make remote-controlled search and rescue the norm â keeping people out of danger while, ultimately, saving lives. Zelim, based out of... Read more âș
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Last week, explicit, non-consensual deepfake images of Taylor Swift flooded X, formerly Twitter â one of the videos racked up 47 million views before it was removed 17 hours later. In an attempt to stop the distribution of the images, X banned searches like âTaylor Swiftâ or âTaylor Swift AIâ. However, simply rearranging the search from âTaylor Swift AIâ to âTaylor AI Swiftâ yielded results. The social media platform has... Read more âș
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The worldâs first metal 3D printer for space is on its way to the International Space Station (ISS), where it will be installed in ESAâs Columbus module. Its mission is to demonstrate the validity of the technology in orbit and pave the way for future use on Mars and the Moon. Developed by Airbus, the 180kg printer will be used to repair or manufacture tools, mounting interfaces, and mechanical parts.... Read more âș
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This article was originally published on .cult by Melina Zacharia. .cult is a Berlin-based community platform for developers. We write about all things career-related, make original documentaries, and share heaps of other untold developer stories from around the world. Honeypot presents the story of Ruby on Rails. Hear the origin story from the engineers who worked on the project from day one. And if you donât have time to watch... Read more âș
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