Swedish prosecutors are set to serve Northvolt with a suspicion of gross manslaughter notice following the death of a worker at the EV battery-makerâs struggling gigafactory in the countryâs icy North, the Financial Times reports. Environmental prosecutor Christer B JarlĂ„s told the paper that officials will deliver the formal notice in the coming weeks, which indicates Northvolt is under investigation for possible legal responsibility in the incident. The notice pertains... Read more âș
0
This month, the European Commission published Mario Draghiâs long-awaited EU competitiveness report. Its key finding? The EU must overcome the innovation gap to prevent economic slowdown. According to the report, only four out of the 50 leading tech companies across the globe are based in Europe. In his address to the European Parliament, the former Italian premier said: âThe core problem in Europe is that new companies with new technologies... Read more âș
7
Arm wants to upgrade the brains inside our mobile devices. The chip designer â whose architectures power 99% of smartphones â envisions AI bringing a new wave of breakthroughs to our handsets. The company outlined this plan after the release of Llama 3.2 â Metaâs first open-source models that processes both images and text.Arm said the models run âseamlesslyâ on its compute platform. The smaller, text-based LLMs â Llama 3.2... Read more âș
10
UK startup Pact has raised ÂŁ9mn in funding and opened a new factory to scale up the âworldâs firstâ sustainable and scalable biomaterial made from collagen â the primary building block of your skin. The material â dubbed Oval â looks, feels, and ages much like leather, but without the environmental impacts. Oval doesnât just look like leather, it also responds to scratches, water, and sunlight in much the same... Read more âș
24
Amsterdam-based scaleup Mews has bagged $100mn in credit financing as it looks to swallow up competitors and become a market leader in SaaS software for the hospitality industry. Vista Credit Partners, the credit-investing arm of tech-focused private equity firm Vista Equity Partners, dished out the funding. Mews, based at TNW City, has built a cloud-based system that helps hotels and other hospitality businesses manage their daily operations more efficiently. It... Read more âș
0
Following a five-fold growth since 2018, VC investment in Europeâs defence tech is set to hit a record year in 2024, as itâs on course to reach $1bn. According to a new Dealroom report, Europe is now at the heart of an investment surge, as governments turn to the defence tech sector to strengthen national security in response to escalating geopolitical instability. âAs we face war on European soil for... Read more âș
12
Nebius today announced the launch of a new data centre in Paris â among the first in Europe to offer NVIDIAâs H200 Tensor Core GPUs. The company, which is the rebranded European arm of âRussiaâs Google,â Yandex, is investing more than $1bn to build AI infrastructure across the continent by mid-2025. âWe work in a new industry which requires both deep technology and significant capital,â said Arkady Volozh, CEO and... Read more âș
0
A new recreation of the Moon on Earth has sparked hopes of a âEuropean renaissanceâ in space. Known as LUNA, the futuristic facility was inaugurated today in Cologne, Germany. The ceremony showcased several striking features, from a 700-square-metre replica of the lunar surface to a Sun simulator that mimics the Moonâs phases. Also in the pipeline are a gravity offloading system and an adjustable ramp that simulates lunar slopes. Operated... Read more âș
18
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, 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 âș
2
As part of the EUâs 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 EUâs Circular Economy Action Plan (CEAP), the ESPR seeks... Read more âș
2
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 âtailored to digital nomads.â 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 âș
2
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 âș
13
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 âș
0
London, Paris, Amsterdam, and Berlin are the leading VC ecosystems in Europe, but the region is significantly lagging behind the US and Asia. Thatâs 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 âș
0
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 âș
0
UK-based scaleup Beam, born from the recent merger of offshore tech companies Rovco and Vaarst, has launched the âworldâs firstâ autonomous underwater vehicle (AUV) driven by AI.  The mini-sub can perform complex underwater tasks with no human intervention whatsoever. Thereâs 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 âș
0
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 âș
0
Environmental, social, and corporate governance (ESG) is not a new topic in the European startup space â in fact, itâs 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, itâs apparent that the topic of ESG is also riddled with misconceptions. These are often perpetuated, shared, and fed by investors â and can... Read more âș
0
NATO-backed Ephos announced today the opening of a production facility dedicated to glass-based quantum photonic chips â 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 â... Read more âș
14
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 âŹ20mn 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. âStartups are often in a very early phase where funding is difficult to secure, and there are significant risks related to technology,... Read more âș
0
Most popular sources
Business Insider
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30% 5 |
Wired
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9% 6 |
The Verge
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7% 0 |
Android Authority
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6% 2 |
Tech Wire Asia
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6% 5 |
| View sources » | |
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27.11.2024 03:37
Last update: 03:30 EDT.
News rating updated: 10:31.
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