In 2026, one of Europe’s most ambitious scientific ventures, Horizon Europe, a seven-year, roughly €93 billion framework dedicated to research and innovation, underwent a quiet but significant transformation. What had once been an open invitation to researchers across the globe now carries a more guarded tenor. In critical areas such as artificial intelligence, semiconductors, quantum […] This story continues at The Next Web Read more ›
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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 energy use at data centres, the state of Northvolt, submarine communications, and a few things in between. You will also hear an interview with Chiara Petrioli,... Read more ›
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As part of the EU’s drive to become the first climate-neutral region globally by 2050, it has championed a number of initiatives to encourage more sustainable business practices that contribute to this goal. Most recently in July the Ecodesign for Sustainable Products Regulation (ESPR) came into force to galvanise businesses in select sectors to actively support this aim. Part of the EU’s Circular Economy Action Plan (CEAP), the ESPR seeks... Read more ›
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Bunq has become the latest fintech to enter the crowded European stock trading market. The Amsterdam-based neobank yesterday announced its new Stocks product, which it claims is “tailored to digital nomads.” The Dutch bank already provides in-app portfolio investing options in environmentally-friendly companies. Stocks significantly expands the offerings. Users can now invest in popular US and EU public companies as well as multi-asset ETFs. Stocks on offer include Apple, Tesla,... Read more ›
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The United Arab Emirates, and Dubai in particular, has long been the gateway to the Middle East for international businesses. The Emirate is first in the world in terms of attracting Greenfield foreign direct investment and continues to attract major tech players, with Amazon, Google, Cisco, Oracle, Dell, and IBM all using Dubai as their headquarters in the MENA region. But recently, the city has become a haven for international... Read more ›
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London-based Convergence has raised $12mn in pre-seed funding to further develop its personal AI agents, which can learn using long-term memory much like humans do. Behind the startup are machine learning engineers Marvin Purtorab (CEO) and Andy Toulis (CTO). The duo met at Shopify while working on recommender systems and AI assistants. In 2023, they joined enterprise AI startup Cohere. In April 2024, they founded Convergence, assembling a team of... Read more ›
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London, Paris, Amsterdam, and Berlin are the leading VC ecosystems in Europe, but the region is significantly lagging behind the US and Asia. That’s according to the latest report by Pitchbook analysts, who ranked global VC ecosystems based on their development and growth level. They used data related to deals, exits, fundraisings, and overall activity from the last six years, between Q3 2018 and Q2 2024. The development rankings are... Read more ›
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As artificial intelligence continues to reshape the tech landscape, developers are increasingly faced with the task of selecting which programming languages are the most beneficial and effective in terms of AI development. Taking into consideration the rapid growth of AI and machine learning, is one programming language better poised to address the demands of this evolving field? Java has been a programming stalwart since its inception in 1995, and remains... Read more ›
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UK-based scaleup Beam, born from the recent merger of offshore tech companies Rovco and Vaarst, has launched the “world’s first” autonomous underwater vehicle (AUV) driven by AI. The mini-sub can perform complex underwater tasks with no human intervention whatsoever. There’s nobody piloting it, nobody directing it where to go, no need for pre-mission planning, the company says. However, a remote operator can take over if required. The underwater drone is... Read more ›
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The vaccine market might be a crowded one, but London-based Vicebio aspires to cement its own place within it. The startup announced today it has raised $100mn in Series B funding for the development of its next-generation vaccines for respiratory viruses. Vicebio aims to deliver vaccines that are highly effective, easy to manufacture, and ready-to-use in prefilled syringes. The key to achieving this result lies in using a novel approach... Read more ›
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Environmental, social, and corporate governance (ESG) is not a new topic in the European startup space — in fact, it’s been talked about and debated for years on end. Yet, when you follow discussions and investment patterns closely and work with enough seed- and early-stage startups, it’s apparent that the topic of ESG is also riddled with misconceptions. These are often perpetuated, shared, and fed by investors — and can... Read more ›
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NATO-backed Ephos announced today the opening of a production facility dedicated to glass-based quantum photonic chips — a world first, according to the startup. These chips can power quantum applications in computing, sensing, and communications, as well as improve the performance of classical computing. Founded in 2022, Ephos has developed a proprietary manufacturing process that enables it to move away from silicon and build photonic chips with glass substrates —... Read more ›
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Future Tech Ventures (FTV), a new venture capital firm focusing on startups in the Northern Netherlands, officially launched yesterday in Groningen. FTV debuted with a €20mn fund that will support at least 50 high-tech startups in the proof-of-concept phase. The investment period is set between 2024 and 2029. “Startups are often in a very early phase where funding is difficult to secure, and there are significant risks related to technology,... Read more ›
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German startup DeepDrive has bagged €30mn to scale up its electric motor technology that promises to boost EV range to over 800km — without any changes to battery capacity. Founded in 2021, DeepDrive claims its dual-rotor motor boasts the highest torque and power density of any EV motor available today. It also has low noise emissions, and is built using far fewer rare earth materials. DeepDrive says its technology can... Read more ›
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The NATO Innovation Fund (NIF) has announced its first investment in quantum tech, leading a €5mn seed round. The recipient is Southampton University spinout Aquark Technologies, which has developed a unique quantum sensing technology. Aquark’s patented cold atom system can be used as an alternative position, navigation, and timing (PNT) device, independent from satellites and thus immune to external tampering such as GPS interference. Doing away with the cumbersome magnetic... Read more ›
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This year, Air Canada lost a lawsuit against a customer who was misled by an AI chatbot into purchasing full-price plane tickets, being assured they would later be refunded under the company’s bereavement policy. The airline tried to claim the bot was “responsible for its own actions.” This line of argumentation was rejected by the court and the company not only had to pay compensation, it also received public criticism... Read more ›
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Amid the AI boom, data centres are consuming alarming amounts of electricity. They’re also responsible for 1% of global energy-related emissions. By 2030, their power demand could increase by 160%. Switzerland-based Lightium aims to provide a solution. The young startup announced today it has raised $7mn in seed funding to both accelerate the performance of data centres and reduce their energy consumption with a next generation of photonic chips. Data... Read more ›
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Ekaterina Zaharieva hasn’t even started work as the EU’s first startup commissioner, but tensions are already rising around her role. The Bulgarian politician was nominated for the job on Tuesday. Alongside startups, her brief will also cover research and innovation. But first, her appointment needs approval from the European Parliament. Her critics hope that confirmation never comes. Here are three big reasons for their opposition. 1. She lacks experience in... Read more ›
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In its most expensive project to date, Germany’s Cyber Agency (Cyberagentur) has awarded three different contracts to four quantum computing startups — Quantum Brilliance, ParityQC, Oxford Ionics, and neQxt. Their mission is to deliver the world’s first quantum computer for “mobile security and defence” by 2027. After that, phase four of the project will kick in, and only one of the candidates will remain. Qubits from defect diamonds A portable... Read more ›
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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 flight tracking and its community, the new European Commission, health trackers for pets, revisiting Prince of Persia, and much more. Here are the stories and... Read more ›
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A German drone firm claims to have made a “major breakthrough” in autonomous swarm technology. Munich-based Quantum Systems announced on Tuesday that it has successfully flown AI-controlled Unmanned Aerial Systems (UAS) in swarms. The company said the AI ensured “reliable mission execution” — even when individual drones completely failed. The system also operated effectively under radio interference. Commissioned by the German Armed Forces, the tests were conducted last month at... Read more ›
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