While this year thus far has been less profitable for ASML, the tech giant saw orders for its chip making machines increase again over the past three months. According to the company’s earnings report for the second quarter of 2024, net bookings (i.e. orders) reached €5.6bn — rising over 24% year-on-year. A significant chunk consisted of orders for ASML’s EUV machines, which accounted for €2.5bn. The Dutch company is the... Read more ›
0
Welcome to the new episode of the TNW Podcast — 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 today’s episode, Linnea and Andrii talk about the launch of Ariane 6 and its consequences, the woes of Firefly, robotic laundry folding, the math of swimming, and more. You’ll also hear a... Read more ›
2
Today, UK error-correction specialist Riverlane and startup Atlantic Quantum announced they have entered into a strategic partnership to scale fluxonium-based qubit architecture and advance the technology towards useful quantum computing. It is a really encouraging time to be writing about quantum tech. Beyond the fact that it is increasingly being acknowledged as a strategically important technology by security agencies and governments globally, after decades of feeling just five years out... Read more ›
27
Since its launch in 2017, DeepL has successfully rivalled machine translation giants such as Google Translate. Today, with the launch of its new large language model (LLM), the startup aims to raise industry standards even higher. In alignment with the unicorn’s technology development strategy, the new LLM is specifically built for translation and editing. According to DeepL, this fine-tuning to language is what enables it to produce more human-like translations... Read more ›
21
Sixty years ago the animated series The Jetsons finished its first and only season before being cancelled. Just 24 episodes were broadcast between September 1962 and March 1963. Despite this, the cartoon has achieved huge influence in popular culture, with countless reruns, a reboot in the mid-1980s (51 episodes over two seasons) and a feature-length movie in 1990. The Jetsons was created by the Hanna-Barbara animation studio in Los Angeles... Read more ›
9
Yandex founder Arkady Volozh is building a cloud service platform for developers to train artificial intelligence models. Named Nebius Group, the company says its aim is to become a European global leader in AI infrastructure. The launch follows news from yesterday that Yandex had successfully sold its Russian assets in a $5.4bn deal, in what constitutes the largest corporate exit from the country since the start of the full-scale invasion... Read more ›
6
UK-based AI startups are now worth $256bn, according to new data from Dealroom and HSBC Innovation Banking. They also account for 22% of the country’s innovation ecosystem value — up from 12% in 2019. In the first half of 2024, startups in the field raised $2.1bn. And this amount is projected to more than double in the coming five months. This means they’re on track for another record-breaking year, following... Read more ›
3
UK-based Huma has launched today the Huma Cloud Platform, a “Shopify-like” tool for the healthcare ecosystem to design, build, and launch digital health services. “The digitalization of the healthcare ecosystem is a transformative force that is reshaping how we deliver and experience healthcare and how we conduct research,” Dan Vahdat, founder and CEO of Huma, told TNW. Founded in 2011, Huma has been working with national healthcare providers and big... Read more ›
0
UK-based Naked Energy has raised £17mn in a Series B round to boost the global expansion of its solar tech solutions. Founded in 2009, Naked Energy set out to help decarbonise heat generation, which contributes over 40% of global CO2 emissions. The scaleup has developed a pair of modular solar collectors, called Virtu. It claims they are four times more efficient at offsetting emissions compared to conventional solar PV panels.... Read more ›
8
If there’s one area where AI can truly have an unprecedented positive impact, it is healthcare — especially when it comes to the diagnosis and treatment of currently incurable diseases such as dementia. The condition affects over 55 million people worldwide, with nearly 10 million new cases every year. Dementia’s most common type, Alzheimer, contributes to 60%-70% of all cases. Globally, the cost of the disorder on healthcare systems reached... Read more ›
6
French startup AdCreative.ai has launched a new large language model build exclusively for advertising. Named AdLLM Spark, the system was built to craft ad text with high conversion rates on every major advertising platform. AdCreative.ai said the LLM combines two unique features: instant text generation and accurate performance prediction. Working with Nvidia, the startup trained the model on real-life ad copy. The training data encompasses every text generated by AdCreative.ai... Read more ›
2
When Ariane 6 suffered a glitch on its first flight, the mishap felt strangely inevitable. Nearly half of all rockets fail on their first launches. After a troubled development and four years of delays, Ariane 6 looked like a prime candidate to join the list. The launcher was commissioned to create a European pathway into the cosmos. Since the retirement of Ariane 5 last July, the continent has had no... Read more ›
0
Japanese tech group SoftBank has acquired yet another British chip player. This time it has snapped up Bristol-based AI processor developer Graphcore, whose very survival was in doubt over the past year. The acquisition comes as investors compete to back the next big thing in AI. Moreover, larger tech companies who feel that their own in-house AI capabilities are falling short have been searching high and low for acquisitions that... Read more ›
6
Tech bros are for the first time poised to become pivotal players in highly sensitive sectors: national security, space exploration, and more. Most recently, NATO’s €1B Innovation Fund announced investments in eight startups and VC firms with a focus on emerging military and defense technologies. As the startup ecosystem has become more sophisticated, it is now starting to disrupt these tightly controlled sectors, which were until recently the domain of... Read more ›
2
Innovation thrives at the intersection of academia and entrepreneurship. Universities serve as breeding grounds for startups poised to disrupt industries with their novel ideas and cutting-edge technologies. Yet, the path from academic breakthroughs to commercial success is laden with challenges, particularly for DeepTech companies with extended development timelines and hefty capital requirements. Here, venture capital emerges as the indispensable catalyst. Venture funds play a pivotal role in bridging th Read more ›
2
Military AI startup Helsing has raised a whopping €450mn at a reported valuation of €5bn. The German company said the war chest will fund security for NATO’s Eastern Flank. Founded in 2021, Helsing has rapidly grown into one of Europe’s defence tech leaders. It’s now also among the continent’s most valuable AI startups. This rapid rise has coincided with increasing alarm about Russia’s threat to Europe. Since the full-scale invasion... Read more ›
8
UK-based startup Oxford Ionics today announced a significant achievement for its ion-trapped quantum processors, demonstrating over twice the performance of the previous world record — without using error correction. While not providing exact numbers, Oxford Ionics says it used “10x less” qubits than its competitors, and set the performance record for both single-qubit and two-qubit gate operations. Furthermore, its chips can be manufactured in existing semiconductor facilities. Quantum technologies have. Read more ›
12
Whisper it, but startup funding is showing signs of a rebound. Venture capital investment in Europe has risen by 12% so far in 2024, according to Dealroom. By June, the financing for startups and scaleups had reached $29.3bn. If the current spending rate continues, this year will become third-most active ever for VC in the continent. The leading industry for investment is energy, which raised $5.6bn during the first half... Read more ›
2
PhotonDelta, a photonic chip accelerator in the Netherlands, has opened an office in Silicon Valley — marking a milestone moment for the Dutch semiconductor sector. The move is part of PhotonDelta’s goal to create a unified photonic chip industry that leverages the capabilities of both European and US-based companies. Founded in 2018, the organisation has built an integrated photonics ecosystem in the Netherlands, which boasts an end-to-end value chain, from... Read more ›
0
US chipmaker AMD has agreed a $665mn (€614mn) deal to buy Finnish startup Silo AI, one of Europe’s leading artificial intelligence firms. AMD announced the all-cash transaction on Wednesday. The Californian company described the acquisition as “a significant step” towards delivering end-to-end AI solutions. It will also give AMD new tools to compete with Nvidia’s high-performance chips. Silo has been acclaimed for building large language models (LLMs) — particularly for... Read more ›
0
Most popular sources
Business Insider
|
26% 6 |
Tech Wire Asia
|
9% 0 |
The Verge
|
8% 1 |
Eurogamer.net
|
7% 4 |
Tom's Hardware
|
6% 3 |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
27.11.2024 13:39
Last update: 13:31 EDT.
News rating updated: 20:32.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.