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The Next Web
Ioanna Lykiardopoulou @ The Next Web · 07/12/2023 11:30 EDT

OECD: 60% of finance and manufacturing workers fear AI replacement

While AI’s impact on the labour market has been limited so far, concerns about job security are heightened, the Organisation for Economic Co-operation and Development (OECD) has found. To assess the emerging opinions around artificial intelligence in the workplace, the OECD surveyed over 2,000 employers and 5,300 workers in finance and manufacturing across seven of its member countries. The survey showed that three in five employees working in these sectors... Read more

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The Next Web
Siôn Geschwindt @ The Next Web · 07/12/2023 10:08 EDT

Dutch startup taps AI and robotics to automate EV charging 

As EVs surge into the mainstream, industry and consumers alike are looking for quicker and easier ways to charge. While advancements in battery technology promise the former, Dutch startup Rocsys believes automation will help make charging a whole lot more efficient.  Rocsys has created a robotic arm guided by AI-powered computer vision technology that can convert any charger into an autonomous one. Once you pull up in your EV, the... Read more

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The Next Web
Ioanna Lykiardopoulou @ The Next Web · 07/12/2023 08:19 EDT

EU Parliament adopts Chips Act amid tensions with China

On Tuesday, the European Parliament adopted the Chips Act, a landmark law aiming to bolster the bloc’s autonomy and competitiveness in the semiconductor sector. The act has been in the works for over a year now, but recent developments seem to have sped up the process. Specifically, the announcement comes after China’s recent export controls on gallium and germanium, two metals critical for semiconductor manufacturing. “The EU Chips Act will... Read more

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The Next Web
Thomas Macaulay @ The Next Web 1 place · 07/12/2023 06:54 EDT

Budding politician ‘has no policies,’ will use AI to legislate

A wannabe politician says he “has no policies” and will instead use AI to write his manifesto. Andrew Gray, who wants to become the new Member of Parliament for Selby and Ainsty, UK, will tap machine learning to assess what people want. “If elected, I will vote in Parliamant [sic] in accordance with the consensus. Simple,” Gray wrote on LinkedIn. The tool he’s using, Polis, collects and analyses public opinion... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 1 place · 07/12/2023 05:28 EDT

Amazon sues EU for calling it a ‘Very Large Online Platform’

Amazon, Jeff Bezos’ online retail behemoth that registered over 300 million active users and raked over $500bn last year, says it doesn’t fit the EU’s definition of a Very Large Online Platform (VLOP).  The Silicon Valley firm is so adamant it isn’t a VLOP, it is suing the EU over the matter, making it the first (and probably not the last) US company to challenge the bloc’s new digital content... Read more

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The Next Web
Ioanna Lykiardopoulou @ The Next Web · 07/12/2023 02:00 EDT

Chip wars: The escalating battle between EU, US, and China for tech supremacy

Semiconductor chips have emerged as the hottest commodity in the global race for technological supremacy. That’s because they constitute a fundamental component of electronic devices, critical for advances in a vast array of industries: from telecoms, AI, and computing, to healthcare, clean energy, and military applications. Historically, the EU and the US have relied heavily on East Asian countries for chip imports and supply of the necessary chipmaking materials. But... Read more

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The Next Web
Thomas Macaulay @ The Next Web · 07/11/2023 12:28 EDT

6 places labelled Europe’s ‘next Silicon Valley’

Chasmic wealth gaps, soaring crime rates, exorbitant living costs, and horrifying homelessness… no wonder everyone dreams of being “the next Silicon Valley.” The latest bearer of the nickname is Cambridge, England. Under new government plans,  billions of euros will be poured into new houses, business parks, laboratories, and science hubs in the city. The investment reportedly aims to create “the Silicon Valley of Europe.” The city joins a growing list... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 3 place · 07/11/2023 09:06 EDT

VanMoof pauses ebike sales, sparking rumours of bankruptcy

Dutch ebike startup VanMoof has paused sales of its bikes and all accessories for almost two weeks now, stoking rumours that the business is in financial difficulty.  Since June 29, visitors to VanMoof’s website have been met with a pop-up explaining that the company has paused orders to catch up with current demand.  “We have temporarily paused sales to catch up on the production and delivery of existing orders. Rest... Read more

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The Next Web
Thomas Macaulay @ The Next Web 3 place · 07/11/2023 07:28 EDT

‘Hotter than the sun’ nuclear fusion rocket could halve flight time to Mars

A UK startup is building a nuclear fusion rocket engine that aims to halve the journey time to Mars. Pulsar Fusion, an aerospace firm based in Bletchley, expects the system to exceed speeds of 805,000kmph and the hottest temperatures in the solar system. To reach those eye-popping targets, the startup will harness nuclear fusion, a reaction that gives the Sun its energy. In brief, nuclear fusion fuses two atoms together... Read more

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The Next Web
Sandra O Connell @ The Next Web 3 place · 07/11/2023 06:51 EDT

Europe needs more skilled workers to build the green economy

Last month was the hottest June on record globally and if the EU is to meet its ambitious climate targets to tackle climate change, it’s going to need more skilled workers. In fact, according to the World Economic Forum, the continent needs nothing short of a green skills revolution if it is to fully harness the potential of solar and wind energies alone. It’s not just the EU. The US... Read more

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The Next Web
Siôn Geschwindt @ The Next Web · 07/11/2023 05:43 EDT

VCs assemble! NATO picks investment team for €1B deep tech fund

NATO has picked the investment team that will oversee the management of its €1 billion deep tech venture fund, set for launch this week in Vilnius at the alliance’s annual summit. The NATO Innovation Fund (NIF) is slated to be the world’s first multi-sovereign venture capital fund and will back startups developing deep tech for defence and security applications.   The fund will invest €1 billion euros over a 15-year period... Read more

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The Next Web
Siôn Geschwindt @ The Next Web · 07/10/2023 11:02 EDT

Art meets solar: These Dutch startups are making photovoltaics sexy

One of the best ways to make buildings greener is to cover them with solar panels — turning homes, offices, and factories into clean energy generators.  Rooftop solar is particularly popular in the Netherlands because, well, it’s a tiny country with lots of people, where every square inch counts. Adding solar panels to the empty exterior of a building, rather than occupying swathes of countryside, simply makes sense.   Rooftop makes... Read more

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The Next Web
Linnea Ahlgren @ The Next Web 3 place · 07/10/2023 09:44 EDT

Meta’s Threads reaches 100M users, despite delayed EU launch

Early this morning, Meta’s new Twitter rival, Threads, hit 100 million sign-ups, less than a week after launch. This makes Threads the fastest growing online platform in history, dethroning ChatGPT, which took two months to reach the same number of users.  When Mark Zuckerberg commented (posting on Threads, naturally) on hitting 70 million users on Friday last week, he stated this was already “way beyond our expectations.” However, it is... Read more

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The Next Web
Linnea Ahlgren @ The Next Web 3 place · 07/10/2023 05:54 EDT

Meta platforms top the list of UK payment scams, finance group claims

UK Finance, which represents more than 300 companies, has written to the chancellor, Jeremy Hunt, requesting that ministers make tech companies take responsibility for payment fraud on their platforms. Specifically, the lobby group is pointing the finger at Meta, which it claims is connected to over 60% of all push payment fraud.   An Authorised Push Payment (APP) scam, also known as bank transfer fraud, is a type of scam in... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 1 place · 07/08/2023 00:00 EDT

Water tech could be the next gold rush for European VCs

While many of us in Europe take it for granted, access to freshwater today, and in the future, is far from guaranteed. Demand is skyrocketing but supply is diminishing. Many of the ways in which water is used are inefficient and antiquated, and climate change is making the entire problem a lot worse.  Europe just had its most severe drought in 500 years. Industries are being forced to shut down... Read more

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The Next Web
Linnea Ahlgren @ The Next Web 2 place · 07/07/2023 08:54 EDT

Final mission photos: ESA’s Ariane 5 rocket lifts off for the last time

This week, after nearly three decades of providing Europe access to space, the Ariane 5 heavy-lift rocket completed its final mission. On Wednesday, July 5, at 22:00 GMT, the rocket took off from the European Space Agency’s (ESA’s) Spaceport in Kourou, French Guiana. Its final flight launched two payloads into geostationary orbit. The first was the 3,400kg Heinrich-Hertz-Satellit that will test advanced communication technologies on behalf of the German government.... Read more

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The Next Web
Ioanna Lykiardopoulou @ The Next Web 2 place · 07/07/2023 06:54 EDT

Lithuania launches Europe’s first driverless delivery robots on public roads

Last week, Vilnius became the first European city to introduce a small fleet of autonomous delivery robots on public roads. Developed by Estonia-based startup Clevon and in collaboration with Lithuanian delivery platform LastMile, three driverless robots are now bringing groceries to shoppers’ doors in the capital’s city centre. Credit: Clevon The robots pick up the goods from the IKI supermarket store on Mindaugas Street. After making their order, customers receive... Read more

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The Next Web
Callum Booth @ The Next Web 3 place · 07/07/2023 03:40 EDT

Europe must act against AI-written reviews before it’s too late

Parts of modern life are inescapable. We all use mapping software for directions, check the news on our phones, and read online reviews of products before buying them. Technology didn’t create these things, but what it has done is democratise them, make them easier to access or add to. Take online reviews. Nowadays, people can share their honest opinions about products and services in a way that, back in the... Read more

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The Next Web
Linnea Ahlgren @ The Next Web 3 place · 07/06/2023 07:51 EDT

Netherlands first in Europe to approve lab-grown meat tastings

Yesterday, the Dutch government released an official letter announcing it will allow the tasting of meat and seafood products cultivated from animal cells under specified conditions. Following in the footsteps of the US and Singapore, the Netherlands is now the first country in Europe to permit tastings of lab-grown meat, a move that is particularly welcome by leading Dutch startups in the field.  Collaborative competition in the lab-grown meat space... Read more

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The Next Web
Ioanna Lykiardopoulou @ The Next Web 2 place · 07/06/2023 01:05 EDT

Report: European VC deals continue to sink amid economic downturn

European VC deal activity continued to decline in the second quarter of 2023, the latest report by Pitchbook has found. Unsurprisingly, the ecosystem has been heavily impacted by inflation, limited capital availability, slow economic growth, and high interest rates. While the deal value jumped from €13.3bn in Q1 to €18.3bn in Q2, VC deal counts fell quarter-on-quarter from 2,625 to 1,824. Nearly 40% of those deals were made by early... Read more

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