The EU has officially adopted the AI Act, the worldâs first comprehensive rulebook on artificial intelligence. Members of the European Parliament (MEPs) overwhelmingly endorsed the regulation on Wednesday. The law passed with 523 votes in favour, 46 against, and 49 abstentions. âEurope is NOW a global standard-setter in AI,â Thierry Breton, the blocâs commissioner for the internal market, wrote on X. Bretonâs claim was echoed across the tech world â... Read more âș
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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 âOperation Beethovenâ by the Dutch government, foundersâ mental health, some Dune: Part Two trivia, worldâs oldest actively developed web browser, and more. Here are... Read more âș
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Floating trains have glided closer to Europe after a pioneering trial of magnetic levitation â aka maglev. Italian firm IronLev, which developed the tech, claims to have completed the first-ever maglev test on an existing train track â and has the footage to prove it. You can scrutinise the evidence for yourself in the video below: The maglev journey took place on a railway line near Venice. Across the two-kilometre... Read more âș
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Depression affects approximately 280 million people all over the world, and disproportionately affects the female population â it is 50% more common in women than men. Treatments range from psychotherapy and lifestyle adjustments to antidepressants and more experimental concepts: brain stimulation therapies. Sooma, a medtech startup based in Helsinki, Finland, is focused on the latter. The company has developed a portable brain stimulation device for Transcranial Direct Current Stimulation (tDCS).... Read more âș
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From batteries and semiconductors to energy storage, the transition to green technologies requires the development of new, sustainable materials at an unprecedented pace. German startup Quantistry believes it can fast-track the discovery of such materials using a mix of quantum tech, physics-based simulations, and machine learning. By automating the process, it looks to sidestep the âhigh costs, fragmented expertise, and slow innovationâ inherent to classical R&D. Quantistry has developed a... Read more âș
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Volvo has invested in Breathe Battery Technologies and plans to install the UK startupâs software in all of its next-gen EVs. Devices that use lithium-ion battery packs, from smartphones to cars, are typically designed to limit their power intake during charging. This is to protect the battery cells from overheating. However, it also reduces charging speed. Breatheâs so-called adaptive charging software offers a workaround. It controls the battery and monitors... Read more âș
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For much of the 21st century, software development has been an attractive career option. Now, however, there are perceived threats on the horizon as new tools seem set to fill the software development skills gap. Generative AI models are evolving quickly with the ability to generate functioning code from a few text prompts. Meanwhile, no-code and low-code tools and services â which offer people with minimal or even no development... Read more âș
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It is no secret that VC investing has a diversity and inclusion problem. Fortunately, there are funders out there who are committed to ushering in positive changes. This includes Ada Ventures, a UK-based VC firm with a portfolio that is 14x more diverse in terms of gender and ethnicity than the countryâs average venture fund. Today, it just announced the close of its oversubscribed ÂŁ63mn second fund. Ada Ventures is... Read more âș
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Dutch startup Eye Security has raised âŹ36mn as it looks to defend European businesses from cyber criminals. Founded in 2020 by a group of Dutch intelligence and security experts, the Hague-based outfit provides cyber protection, incident response, and cyber insurance services to small-to-medium sized companies. The funding round, which brings Eye Securityâs total amount raised so far to âŹ57.5mn, was led by JPMorgan, the private investment arm of American financial... Read more âș
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The UKâs Ministry of Defence (MoD) has released declassified footage of its DragonFire laser weapon. DragonFire shoots a high-power beam at the speed of light. Itâs so precise, it can fry a target the size of a coin from a kilometre away. This ânever seen beforeâ footage and imagery shows the laser cannon in action at a site in the Hebrides, a remote archipelago off the coast of Scotland. The... Read more âș
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A British startup has set a new pressure record using the worldâs strongest pulsed power machine, as it looks to forge a cheaper, faster path to fusion energy. First Light Fusion launched a projectile at over 20 kilometres per second (72,000 kph) into a piece of quartz crystal producing pressure upwards of 1.85 terapascals â almost four times the pressure found at Earthâs core.  The startup achieved the feat using... Read more âș
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In October last year, researchers at the Alan Turing Institute sounded the alarm that there was an âurgent issueâ of gender imbalance in artificial intelligence investment. No one, unfortunately, was surprised. However, it is always good to have the data. The report found that female-founded companies accounted for only 3% of AI startup VC funding over the past decade. While the study focused solely on the UK, similar findings have... Read more âș
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Itâs hard to imagine more intimate data than that collected by female technologies or âfemtech.â These apps and devices not only monitor womenâs menstrual cycles but also record their sexual encounters, orgasms, and pregnancies. A new study shows that many femtech companies do not adequately safeguard such sensitive information. Some may even intentionally leak personal data to third parties. The research, led by Dr Maryam Mehrnezhad at the Royal Holloway... Read more âș
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It happened, after years of chin-wagging and back-and-forth and bad blood, it finally happened: the compliance date for the Digital Markets Act arrived on March 7th. From here on out, big tech needs to follow the regulations laid out by the EU â and this has the potential to usher in a sea change for the sector. While the rules laid down by the governing body are complex and multifaceted,... Read more âș
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The EUâs strictest-ever crackdown on big tech has only just begun, but critics fear itâs already missing the targets. Called the Digital Markets Act (DMA), the landmark law aims to curb the power of tech giants. Under the rules, the EU can designate companies that dominate a marketplace as âgatekeepers.â This forces them to make their services open to competitors. Whatsapp, for instance, has to become interoperable with third-party messaging... Read more âș
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Several subsea communications cables in the Red Sea were cut on Saturday, temporarily affecting a quarter of all data traffic flowing between Asia and Europe. Some have blamed the Houthi rebels for intentionally sabotaging the cables. The group, which has conducted a number of attacks on cargo vessels in the Red Sea in recent weeks, has denied any responsibility.  The real picture, however, looks a little more complex. According to... Read more âș
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Spanish regulators have ordered Worldcoin to pause operations over fears that the companyâs eyeball-scanning technology may intrude on usersâ privacy.  Worldcoin â co-founded by OpenAI CEO Sam Altman in 2019 â uses orbs to scan peopleâs eyes in exchange for a digital ID and some cryptocurrency.  According to the order issued by Spainâs privacy watchdog yesterday, Worldcoin must stop collecting and processing personal data in the country. It must also... Read more âș
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French startup Zama has raised $73mn to commercialise the âholy grailâ of cryptography: fully homomorphic encryption (FHE). Conceptually simple but practically complex, FHE enables computations on encrypted data without having to first decrypt it. As a result, companies can provide services without seeing their customersâ information. The users, meanwhile, wonât notice any difference in the function. To visualise the process, imagine the encrypted data as a locked box and the... Read more âș
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The Dutch government has reportedly launched a secret task force to keep chip giant ASML in the Netherlands. Dubbed âOperation Beethoven,â the task force was formed to allay ASMLâs fears about the local business climate, according to De Telegraaf. Citing anonymous sources, the Dutch newspaper said the company was considering an expansion outside the Netherlands. France was mooted as a potential destination. Such a move would leave a deep impact.... Read more âș
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Amid tough market conditions, digital bank Monzo has raised ÂŁ340mn (âŹ409mn) in new funding, reaching a post-money valuation of ÂŁ4bn (âŹ4.7bn). The round was led by new investor CapitalG, the growth fund of Googleâs parent company Alphabet. GV (Google Ventures, Alphabetâs venture capital investment arm) and HongShan Capital (a ChineseVC firm that split from Sequoia Capital last year) also participated, alongside existing investors including Passion Capital and Tencent. Monzo says... Read more âș
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