Cloudflare’s engineering headcount surged 45 percent in the weeks after the company cut 1,100 jobs in May, according to BNP Paribas data drawn from LinkedIn profiles. The finding, first reported by Business Insider, shows Cloudflare’s engineering staff grew from 1,308 to 1,894 even as its total workforce shrank by a fifth. CEO Matthew Prince confirmed […] This story continues at The Next Web Read more ›
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Two years after Mark Zuckerberg launched it into orbit, the metaverse is crashing back to Earth. As the hype sparked by Facebook’s rebrand fades amid jaw-dropping losses, risible selfies, and the generative AI boom, reality is setting in — which is when things start getting interesting. Metaverse stalwarts are now fighting for competing visions. On one side are the centralised platforms owned by the likes of Meta and Roblox. Under... Read more ›
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The EU’s new pay transparency directive won’t close the gender pay gap by itself. But it will help. After all, if you want to close the gender wage gap you first have to have data. Under the new directive, EU companies will be required to share information about how much they pay men and women for work of equal value and will have to take action if their gender pay... Read more ›
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Edinburgh-based aerospace startup Skyrora announced yesterday it had commenced a series of full-duration tests of its updated 3D-printed 70kN engine. The new design features an improved engine cooling chamber and can be built approximately 66% faster at a 20% cost reduction. It is meant to take the company closer to commercial orbital launch later this year from the SaxaVord Spaceport that is being developed on Lamba Ness in Unst, Shetland.... Read more ›
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The EU risks falling short of its ambition to become a global superpower in EV battery production, a report by the European Court of Auditors (ECA) warns. Although the union’s industrial policy on batteries has been promoted effectively over the past few years, the bloc still faces three major challenges: limited access to raw materials, uncertainty on whether battery production will reach the required levels, as well as insufficient and... Read more ›
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Intel and the German government have struck a deal on how to split the bill for a massive chip factory in Magdeburg, marking the end of a months-long funding dispute. The US chip giant agreed yesterday to fork out more than €30bn to develop the plant, a deal Chancellor Olaf Scholz hailed as the single biggest foreign direct investment in German history. The government has also agreed to up its... Read more ›
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In a world scorched by climate change, cooling technology is far from a luxury. It saves lives, keeps food fresh and ensures comfort at home or in the office. Ten new air conditioners are to be sold every second between now and 2050, according to the International Energy Agency. But all those machines, running for hours on end, gobble up vast quantities of electricity. These devices also tend to contain... Read more ›
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Helixx has a unique vision of urban mobility. The British startup has engineered a range of affordable electric vehicles. The company also designed a manufacturing system for the EVs. But Helixx doesn’t plan to actually build the cars. Instead, it wants Helixx customers to build them. At first glance, that may look like a lazy strategy. But the pitch has an intriguing foundation: a “factory in a box” that clients... Read more ›
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Intel has announced plans to build a €4.6bn semiconductor assembly and testing facility in Poland, as the EU looks to ramp up production of the chips — critical components in everything from cars to refrigerators. The site in Wroclaw, western Poland, will employ 2,000 people and is expected to be completed in 2027. Design and planning will begin immediately, with construction to commence pending European Commission approval. 2027 is also... Read more ›
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Google DeepMind, OpenAI, and Anthropic will grant the UK government “early or priority access” to their models for research and safety purposes, Prime Minister Rishi Sunak revealed during his speech at London Tech Week. While it’s still unclear what type of data the tech companies have pledged to share, the aim of the move is to help the government better understand and evaluate the opportunities and risks of these systems.... Read more ›
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TNW Conference 2023 is a wrap! And what a couple of days it has been; a whirlwind of phenomenal insights, extraordinary events and connections across the entire tech ecosystem. We have talked about diversity and inclusion, why to design anything in the first place, the importance of building not only scaleups but “stayups,” how to secure funding from VCs and beyond, and, of course, there were plenty of discussions on... Read more ›
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A new generation of talented and sustainability-focused tech entrepreneurs are already dreaming up innovative ideas to shift our daily habits and tackle climate change. Over the past five years, the Battle of the Minds competition has called on students and recent graduates from across the globe to pitch and develop novel solutions to some of the world’s most pressing social and environmental problems. Together, country based teams compete in a... Read more ›
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The tech sector is experiencing an unprecedented slowdown, but analysts see immense opportunities for startups that survive the downturn. Across the world, VC funding in 2022 plummeted by 35% from the previous year, according to a new study from Startup Genome and the Global Entrepreneurship Network (GEN). The Global Startup Ecosystem Report 2023 (GSER 2023) also observed slowdowns in deal counts, exits, and unicorns. But a deeper dive unearths grounds... Read more ›
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The artificial intelligence hype shows no sign of fading just yet, and investors are practically falling over themselves to fund the next big thing in AI. Yesterday, Paris-based startup Mistral AI announced it had secured €105mn in what is reportedly Europe’s largest-ever seed round. Mistral AI was founded only four weeks ago, by a trio of AI researchers. Arthur Mensch, the company’s CEO, was formerly employed by Google’s DeepMind. His... Read more ›
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Holly Blondin 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! Few are the blessed people in the world who... Read more ›
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This week, Ford opened its new EV production facility in Cologne. The move is part of the American automaker’s push to make its entire European passenger vehicle lineup all-electric by 2030. Originally opened back in 1930, Ford has spent the past two years — and $2bn — redeveloping the facility into a solely EV manufacturing centre. The Cologne Electric Vehicle Centre will produce Ford’s next-gen EVs, the first of which... Read more ›
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A great work-life balance, excellent transport, a chosen spot of major tech companies, and a social culture featuring currywurst and Oktoberfest… welcome to Germany, a country that’s trying to make itself a top choice for workers keen to move abroad. Germany badly needs more skilled workers, but one major barrier to attracting international talent has been the country’s love for bureaucracy. In the face of an ongoing skills gap, it’s... Read more ›
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Munich-based Infineon is considering moving a bigger chunk of its production to the US, the FT reports. The prospective move would be made to comply with the Biden Administrations’ Inflation Reduction Act (IRA) — a $369bn package of subsidies and tax incentives, aiming to accelerate domestic production of green technologies, which include semiconductors. Infineon is amongst the world’s biggest silicon chip suppliers for the automotive industry. It already operates six... Read more ›
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Ladies and gentlemen, friends and nemeses, the moment has finally arrived: TNW Conference is this week! After taking our show on the road to València in April, we’re returning to where it all began: Amsterdam. The two-day event kicks off on June 15 — and you’re all invited. Expect our usual smorgasbord of talks, networking, learning, and festival vibes, but with a new unifying theme. Following a turbulent few years,... Read more ›
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Drumroll, please! The moment we’ve been waiting for has finally arrived: TNW Conference 2023 is taking place this week, on June 15&16 — and you’re all invited. This year we’re not only going to discover what’s next in tech, but also reclaim the future and join forces to explore how technology can help us build a more sustainable, equitable, and inclusive world. At TNW Conference, technology is the beating heart... Read more ›
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Germany’s finance minister says there is no money in the budget for higher subsidies for Intel’s planned semiconductor plant in eastern Germany, Financial Times reports. Intel’s plan to construct a massive €17bn chip fabrication plant in Magdeburg, Germany, is a cornerstone of the EU’s plan to produce 20% of the world’s semiconductors by 2030. However, the project has faced a number of cost overruns, leaving Intel and Germany at a... Read more ›
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30.06.2026 05:40
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