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The Next Web
Thomas Macaulay @ The Next Web 3 place · 05/17/2023 06:58 EDT

Crypto has ‘no intrinsic value’ and ‘no useful social purpose,’ say lawmakers

The crackdown on cryptocurrency escalated today after lawmakers called for consumer trading to be regulated like gambling. In a new report by a cross-party committee, British politicians claimed the likes of Bitcoin and Ether have “no intrinsic value” and serve “no useful social purpose.” They also noted several adverse impacts of cryptocurrencies. Specifically, they highlighted the vast energy consumption, the risk to consumer traders, and the criminal use in scams,... Read more â€ș

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The Next Web
Thomas Macaulay @ The Next Web 3 place · 05/16/2023 11:36 EDT

Funding down, exits muted, and valuations flat in rough quarter for European startups

It’s been a rough start to 2023 for European startups. In the first quarter of the year, dealmaking decelerated, valuations flattened, and exits remained subdued, according to new research. Analysts from PitchBook, a financial data firm, found that investor priorities have shifted from growth at all costs to profitability. After a boom in VC activity that trickled into early 2022, reports of lower growth rates, workforce reductions, and tougher funding... Read more â€ș

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The Next Web
Ioanna Lykiardopoulou @ The Next Web · 05/16/2023 10:58 EDT

Sustainable farming on Earth and in space: A must-see at TNW Conference

Barbara Belvisi, award-winning innovator and entrepreneur, will be speaking at TNW Conference, which takes place on June 15 & 16 in Amsterdam. If you want to experience the event (and say hi to our editorial team!), we’ve got something special for our loyal readers. Use the promo code READ-TNW-25 and get a 25% discount on your business pass for TNW Conference. See you in Amsterdam! Picture a future where technology... Read more â€ș

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The Next Web
Thomas Macaulay @ The Next Web 2 place · 05/16/2023 09:17 EDT

EU approves Microsoft bid for Activision Blizzard — but the saga is ‘unlikely to end soon’

Eu regulators have greenlit Microsoft’sacquisition of gaming giant Activision Blizzard, but analysts warn that the deal remains a long way from completion. The EU approved the $69 billion (€63bn) takeover after Microsoft agreed to several pro-competition remedies. Most notably, the company pledged to automatically license popular Activision Blizzard games, such as Call of Duty, to rival cloud gaming services. “The commitments offered by Microsoft will enable for the first time... Read more â€ș

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The Next Web
Elaine Burke @ The Next Web 1 place · 05/16/2023 04:48 EDT

OpenAI is offering a free class in prompt engineering for devs

Whether or not AI lives up to the hype surrounding it will largely depend on good prompt engineering. Prompt engineering is the key to unlocking useful — and usable — outputs from generative AI, such as ChatGPT or its image-making counterpart DALL-E. These AI tools use natural language processing so they can take a user’s typed inputs and turn them into their desired outputs. However, as many who have tried... Read more â€ș

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The Next Web
Andrii Degeler @ The Next Web · 05/16/2023 03:59 EDT

First Contact: Finland’s Framery reveals new office pod with in-person effect

If you’re working with other people — which most of us are — it’s quite likely that you’re spending a sizeable chunk of your time in meetings. Before COVID-19, you’d expect most meetings to be conducted in-person, and business travel was much more prolific than it is these days. The pandemic changed that dynamic beyond recognition, as startups and corporates alike suddenly discovered that a lot of things can actually... Read more â€ș

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The Next Web
SiÎn Geschwindt @ The Next Web 2 place · 05/15/2023 10:39 EDT

€1 billion tech fund launched in major boost for Dutch startups

Organs-on-chips, recyclable wind turbine blades, and robotic farmers — these are just some of the technologies earmarked for funding under a new growth programme approved by the Dutch government last week.  NXTGEN HIGHTECH will invest €1 billion over the next seven years in an effort to make the Netherlands Europe’s leading high-tech cluster.  The programme is the initiative of prominent Dutch innovation accelerators including Holland High Tech, TNO, and FME,... Read more â€ș

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The Next Web
SiÎn Geschwindt @ The Next Web · 05/15/2023 07:01 EDT

Dutch students unveil ‘world’s most efficient’ hydrogen car

At the beginning of May, a student team from Delft University of Technology in the Netherlands unveiled what could be the world’s most efficient hydrogen car.  Dubbed ERXII, the vehicle is slated to cover over 2,000km on just 1kg of hydrogen fuel — equivalent to the distance between Amsterdam and Kyiv. This claim will be tested in June at Shell’s Eco-Marathon event in France. Eco-Runner will go head-to-head with student... Read more â€ș

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The Next Web
Jill Petzinger @ The Next Web 3 place · 05/15/2023 04:37 EDT

Spain’s Crowmie empowers everyone to invest in green energy

This profile is part of the main prize of the Pitch Battle at TNW Valencia 2023 won by Crowmie. Want your company to get featured as well? You’ve only got a few days to join the startup contest at TNW Conference in Amsterdam on June 15 & 16! Valencia’s hottest green-fintech startup is on a mission to break down the high barriers to investment in the energy sector and make... Read more â€ș

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The Next Web
Thomas Macaulay @ The Next Web 1 place · 05/12/2023 12:33 EDT

Biohack me, baby: Why I can’t wait for Teemu Arina’s talk at TNW Conference

Teemu Arina will be speaking at TNW Conference, which takes place on June 15 & 16 in Amsterdam. If you want to experience the event (and say hi to our editorial team!), we’ve got something special for our loyal readers. Use the promo code READ-TNW-25 and get a 25% discount on your business pass for TNW Conference. See you in Amsterdam! I often fantasise about biohacking my useless brain. At... Read more â€ș

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The Next Web
Ioanna Lykiardopoulou @ The Next Web 2 place · 05/12/2023 11:24 EDT

Northvolt to build gigafactory in Germany after state aid pledge

Northvolt, Europe’s biggest battery maker, has confirmed that it will build its next gigafactory in Heide, Germany, following the federal government’s pledge to provide state aid. The announcement comes after several months of uncertainty. In March 2022, the Swedish manufacturer and the German state of Schleswig-Holstein signed a memorandum of understanding to construct a factory in the region. But in October 2022, Northvolt said it might postpone the plan and... Read more â€ș

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The Next Web
Ioanna Lykiardopoulou @ The Next Web 2 place · 05/12/2023 09:26 EDT

Fairphone unveils user-repairable wireless headphones

At a time when the electronics industry is constantly luring consumers into buying the latest and most advanced devices, Amsterdam-based Fairphone has made a name for itself by doing the exact opposite. Best known for its sustainably-made, modular, and repairable (DIY style) smartphones, the startup is now applying the same ethos to another product segment: headphones. The newly-launched Fairbuds XL are a pair of over-ear wireless headphones, priced at €249.... Read more â€ș

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The Next Web
Thomas Macaulay @ The Next Web 2 place · 05/12/2023 07:48 EDT

Browning bananas under threat as Philippines approves gene-edited version

Overripe bananas could soon become a mere memory — in the Philippines, at least. Tropic Biosciences, a startup in the UK, has tapped gene editing to banish the browning fruit — and mitigate the havoc that it’s wreaking. Currently, over 60% of exported bananas go to waste before reaching consumers. According to Tropic, the non-browning version could cut food waste and CO2 emissions in supply chains by over 25%.  In... Read more â€ș

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The Next Web
Thomas Macaulay @ The Next Web 2 place · 05/11/2023 13:00 EDT

EU nears ban on predictive policing and facial recognition after AI Act vote

The EU is edging closer to a landmark ban on predictive policing and facial recognition. At a crunch vote today on the bloc’s flagship AI Act, two committees of MEPs overwhelmingly endorsed sweeping new rules on artificial intelligence. The text now moves to a vote by the entire European Parliament in June. Once approved, the regulation will become the world’s first comprehensive AI law. At Thursday’s vote, MEPs approved a... Read more â€ș

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The Next Web
Linnea Ahlgren @ The Next Web · 05/11/2023 12:18 EDT

Wingcopter bags €40M from EU to scale ‘new era for drone delivery’

German drone solution startup Wingcopter announced today it had landed €40 million in funding from the European Investment Bank (EIB) to scale up services and ramp up production of its latest model. According to its developers, the Wingcopter 198 introduces a “new era for drone delivery.” Additions to the latest version of Wingcopter’s aircraft, “the world’s first triple-drop delivery drone,” include delivery of up to three packages to multiple locations... Read more â€ș

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The Next Web
Thomas Macaulay @ The Next Web 2 place · 05/11/2023 10:01 EDT

Europe’s precarious path to quantum computing supremacy

This article features an interview with Joe Fitzsimons, the CEO and founder of Horizon Quantum Computing. At TNW Conference on June 16, Fitzsimons will be speaking at a session titled, “Is quantum computing the future of finance?” To check out the talk — and all the other action at Europe’s leading tech festival — you can get a ticket here. Quantum computing is fiendishly complicated to commercialise. Despite claims that... Read more â€ș

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The Next Web
Linnea Ahlgren @ The Next Web 1 place · 05/11/2023 08:26 EDT

Google releases Bard to the world – but leaves the EU behind

During its I/O 2023 event yesterday, Google announced it had officially removed the waitlist for its AI-powered chatbot Bard and made the service available in 180 countries and territories. Sadly for most Europeans keen on testing the tech giant’s contribution to the generative AI race, the countries of the European Union are not included in the list.  The company has not made any comments on why the EU has been... Read more â€ș

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The Next Web
Ioanna Lykiardopoulou @ The Next Web 3 place · 05/10/2023 12:03 EDT

Sweden to pave world’s first permanent e-road for EV charging while driving

As countries across Europe scale up efforts towards fossil fuel-free mobility, Sweden is working on the world’s first permanent electric road — allowing electric cars and trucks to charge while driving. The project is led by the Swedish Transport Administration, Trafikverket, which has selected the E20 highway. Specifically, it will build the electric road system (ERS) on the 21km route from Hallsberg to Örebro, located between the country’s two largest... Read more â€ș

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The Next Web
Thomas Macaulay @ The Next Web 1 place · 05/09/2023 11:11 EDT

Swiss startup edges closer to first-ever space trash collection

The first active removal of space debris has moved closer to lift-off after a new deal was inked on the landmark mission. Swiss startup ClearSpace and French rocket giant Arianespace today announced that a launch contract has been signed for the assignment. The mission, named ClearSpace-1, aims to capture and deorbit a chunk of garbage weighing over 100 kg. To start, the trash-collecting spacecraft will be released into a sun-synchronous... Read more â€ș

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The Next Web
SiÎn Geschwindt @ The Next Web 2 place · 05/09/2023 11:04 EDT

King’s coronation: Controversial AI tech deployed alongside record-setting 5G network

Last week Saturday, over 20 million viewers from across the UK tuned in to watch the coronation of King Charles III, making it the country’s most-watched TV event of the year. Another approximately two million took to the streets of London, under the close watch of AI.  In the lead-up to the coronation, the Metropolitan Police confirmed that it would deploy live facial recognition technology — which scans faces and... Read more â€ș

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