Two years ago, German startup Proxima Fusion emerged from stealth with big ambitions to make a little-known stellarator fusion machine a serious contender in the race for commercial fusion energy. Today, the Munich-based company secured Europe’s largest-ever private investment in fusion power — a €130mn Series A funding round from big-name investors including Balderton Capital, Cherry Ventures, and Plural. Daniel Waterhouse, partner at Balderton Capital, said he now thinks Proxima... Read more ›
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A spacecraft developed by European scientists and companies has captured unprecedented new views of the Sun’s south pole. Built by Airbus in the UK, Solar Orbiter was developed as part of a joint mission between the European Space Agency (ESA) and NASA. The probe launched on a United Launch Alliance Atlas V 411 rocket from Cape Canaveral, Florida in 2020. A number of European tech firms also contributed to the... Read more ›
0
This week on TNW Backstage, we’re heading into the fast lane — and straight into the climate debate. In the final episode of the podcast, we revisit a divisive bet on sustainable motorsport: Extreme E, the all-electric racing series. The events sent SUVs hurtling through some of the planet’s most fragile ecosystems. Supporters said they raised awareness about environmental issues, while detractors called it a classic case of greenwashing. At... Read more ›
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A small town in Finland is about to ditch fossil fuels in its heating network thanks to a sand-filled energy storage tank the size of a house. Finnish startup Polar Night Energy recently turned on the so-called sand battery in the municipality of Pornainen, an hour north of Helsinki. The machine, which uses dirt to store excess renewable energy as heat, will warm the homes and businesses in the town... Read more ›
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Tinny music plays in a dimly lit basement as we watch a teenager pull football shirts off a nearby clothing rack and hold them up to the camera. He describes each item monotonously — the team, season, colour, and condition — before sticking on a numbered label and transferring them to another rack. Each item gets less than a minute in the limelight. Bid rates and prices are listed at... Read more ›
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British Prime Minister Keir Starmer has said it is time to “push past” concerns that AI poses a threat to human jobs — contradicting the concerns of some of tech’s biggest players. Speaking at London Tech Week today, Starmer called for industry to embed AI throughout the UK economy, from healthcare to education. By taking on administrative tasks, Starmer argues that artificial intelligence tools can free up people to focus... Read more ›
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British fintech Wise said this week it would shift its primary listing from London to New York, joining a growing list of firms snubbing the London Stock Exchange. UK chip designer Arm opted for a New York IPO in 2023, while food delivery giant Just Eat Takeaway quit the LSE for Amsterdam in November. Sweden’s Klarna has confirmed plans to go public in New York, following in the footsteps of... Read more ›
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Two satellite heavyweights are about to form a European rival to Starlink. But they’ll face an uphill battle to compete with Elon Musk’s firm. Luxembourg-based SES’ proposed $3.1bn takeover of Intelsat is set to get the green light from EU officials, Reuters reports. A final verdict is expected by June 10. SES first announced plans to acquire Luxembourgish-American rival Intelsat in April 2024, calling it a “transformational merger” that could... Read more ›
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Spanish startup Voltrac has emerged from stealth with an autonomous tractor that lives a double life. In peacetime, the 3.5-tonne electric vehicle zips around farms, hauling heavy goods and using cameras to gather data on crop health. But when enlisted, the tractor is equally capable of navigating enemy assaults to deliver critical supplies to frontline soldiers. “In Ukraine, for instance, many lives are lost in non-combat situations, including frontline resupply... Read more ›
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While Mark Zuckerberg was hyping Meta’s latest Ray-Ban smartglasses and Apple was promoting its Vision Pro mixed reality headset in 2023, Finnish startup IXI was quietly crafting high-tech specs for more practical purposes. Founded in 2021, the company emerged from stealth in April with $36mn in funding to commercialise what it claims are the world’s first autofocus glasses. The prescription specs promise to change the way visually-impaired people see the... Read more ›
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This piece is part of our ‘Ask the Expert,’ series where experts share their insights into some of the most pressing questions facing our tech ecosystem. Sign-up for your spot on Santa Meyer-Nandi’s Ask the Expert session about ‘How to burn bright, not out’ at TNW2025 on June 20 at 15:30. In our work—whether shaping sustainable management frameworks, advising climate innovation funds, or guiding impact entrepreneurs—we see the same silent... Read more ›
0
Klarna’s CEO has warned that software engineers risk being left behind in the AI era — unless they’re also business-savvy. Speaking at SXSW London, Sebastian Siemiatkowski said the talent “who have really accelerated their careers at Klarna” are “business people who have learned to code.” The reason? “They can take their business understanding and turn it into deterministic or probabilistic statements with AI.” This shift, he warned, poses a threat... Read more ›
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European tech leaders are pushing back against high-profile VCs urging founders to work seven days a week — slamming the grindset mentality as everything from “toxic” to “childish.” “Calling on founders to work insane hours nonstop is just bad advice,” Suranga Chandratillake, general partner at Balderton Capital and former CEO of video search engine Blinkx, told TNW. “Even sprinters don’t sprint all the time — rest and reflection is just... Read more ›
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The European Union Aviation Safety Agency (EASA) has certified a mixed reality (MR) headset for civil aviation training for the first time — potentially signalling a shift in how pilots are taught. Built by Finnish startup Varjo, the headset — called XR-4 — replaces the screens in a flight training cockpit, which are smaller, cheaper versions of the full-flight simulators used in the final phases of pilot training. The MR... Read more ›
0
TNW Backstage this week peeks behind the petals of the flower business — but not as you know it. In the latest episode of our podcast, we dig beyond beautiful bouquets to unearth the digital trends, disruptive models, and market moves reshaping the industry. Guiding us through the changes is Aron Gelbard, co-founder and CEO of Bloom & Wild — the UK’s top-rated online flower delivery company. Founded in 2013,... Read more ›
0
Britain’s new military tech strategy will fail unless startups are given clear pathways to adoption, experts have warned. Their concerns follow the government’s announcement that defence spending will increase to its highest level since the Cold War. Prime Minister Keir Starmer set out the aims in the new Strategic Defence Review (SDR), which includes plans to boost investment in technologies such as AI, drones, robots, laser weapons, and submarines. The... Read more ›
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War is being redefined by technology. Drones now swarm where soldiers once marched, AI can detect threats faster than spies, and cyberattacks are disrupting critical infrastructure without a single shot fired. To prepare for the battles of tomorrow, NATO is turning to startups. In June 2023, the Alliance launched DIANA, an initiative that funds and facilitates defence innovations. Across a network of over 200 accelerator sites and test centres, DIANA... Read more ›
0
Europe has a unique chance to lead in software — but only if it improves its ability to turn startups into profitable businesses. That’s the conclusion of a new report from McKinsey and Boardwave, which warns that unless the region tackles structural barriers, its startups will continue to lag behind global rivals. The report, Europe’s Moonshot Moment, found that the continent has over 280 software companies generating more than €100... Read more ›
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While Europe races to phase out fossil fuels and electrify everything from cars to heating systems, it’s turning a blind eye to a reliable and proven source of clean energy lying right beneath our feet. Geothermal energy offers exactly what the continent needs most: clean, local, always-on power. Yet, it only accounted for 0.2% of power generation on the continent in 2024. Something needs to change. The recent blackout in... Read more ›
0
Remote-controlled robots could one day build giant solar farms in space, according to a recent trial in the UK. British startup Space Solar conducted the test at the UK Atomic Energy Authority’s (UKAEA) facilities on the University of Oxford’s Culham Campus, which hosts several fusion research initiatives. The company used two remotely operated robotic arms to assemble a section of the support structure for its future solar power satellite. The... Read more ›
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10% 6 |
Gizmodo
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Android Authority
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6% 2 |
Wired
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4% 2 |
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