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The Next Web
Siôn Geschwindt @ The Next Web 3 place · 07/19/2024 07:56 EDT

Proton launches ‘privacy-first’ AI email assistant to rival Google, Microsoft

Swiss app developer Proton has launched a new “privacy-first” AI email writing assistant that could be a more secure alternative to similar offerings from Google and Microsoft.  Proton Scribe, integrated in Proton Mail, allows users to compose emails with simple prompts. The large language model (LLM) can also proofread your drafts before they’re sent.  To use the feature, all you have to do is draft an email in Proton Mail... Read more

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The Next Web
Thomas Macaulay @ The Next Web 2 place · 07/18/2024 11:48 EDT

UK approves first cultivated meat sales in Europe — but only for pet food

Cultivated meat is now approved for sale in Europe — but don’t break out the fine China just yet. The first dishes are exclusively reserved for pets. Our furry friends can now legally dine on cultivated chicken from Meatly, a startup based in London. The company announced on Monday that British regulators have rubber-stamped sales of the product. By providing the green-light, the UK has become the first European country... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 3 place · 07/18/2024 10:19 EDT

Autonomous kite-powered boats promise faster, cheaper, greener shipping

From your phone to your clothes or even the breakfast you ate this morning, there’s a high chance a boat transported it from where it was made to where you bought it from. The global shipping industry accounts for around 90% of world trade. Most of these goods are ferried by giant cargo ships that carry huge amounts of stuff. But, they’re slow and not exactly nimble. This can result... Read more

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The Next Web
Thomas Macaulay @ The Next Web 3 place · 07/18/2024 06:10 EDT

Samsung buys UK startup Oxford Semantic to boost ‘personalised AI experiences’

Samsung has snapped up UK startup Oxford Semantic Technologies, in a bid to “hyper-personalise” user experiences with AI. Founded in 2017, Oxford Semantic specialises in knowledge graphs, which integrate and analyse data. The technology powers countless applications, from voice assistants to search engines. Oxford Semantic baked knowledge graphs into a product called RDFox, which the company describes as an “AI reasoning engine.”  The system supports an array of use cases,... Read more

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The Next Web
Siôn Geschwindt @ The Next Web · 07/18/2024 05:43 EDT

Google backs Danish startup using ancient bacteria to ferment CO2 into valuable chemicals

Danish startup Again has raised money… again. Google Ventures and Berlin-based HV Capital led the $43mn funding round, which brings the startup’s total to date to just shy of $100mn. Again takes waste CO₂ from industry, combines it with hydrogen and then feeds the concoction to a host of millennia-old bacteria. The little germs devour the brew, turning it into commercial-grade compounds like acetate. This is the base chemical in... Read more

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The Next Web
Ioanna Lykiardopoulou @ The Next Web 3 place · 07/17/2024 10:46 EDT

ASML orders up 24%, China still the biggest market despite restrictions

While this year thus far has been less profitable for ASML, the tech giant saw orders for its chip making machines increase again over the past three months. According to the company’s earnings report for the second quarter of 2024, net bookings (i.e. orders) reached €5.6bn — rising over 24% year-on-year. A significant chunk consisted of orders for ASML’s EUV machines, which accounted for €2.5bn. The Dutch company is the... Read more

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The Next Web
Andrii Degeler @ The Next Web 3 place · 07/17/2024 10:32 EDT

TNW Podcast: Ariane 6 brings hope; how European companies use AI

 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 the launch of Ariane 6 and its consequences, the woes of Firefly, robotic laundry folding, the math of swimming, and more. You’ll also hear a... Read more

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The Next Web
Linnea Ahlgren @ The Next Web 3 place · 07/17/2024 10:05 EDT

Riverlane and Atlantic Quantum join forces to advance fault-tolerant quantum computing

Today, UK error-correction specialist Riverlane and startup Atlantic Quantum announced they have entered into a strategic partnership to scale fluxonium-based qubit architecture and advance the technology towards useful quantum computing.  It is a really encouraging time to be writing about quantum tech. Beyond the fact that it is increasingly being acknowledged as a strategically important technology by security agencies and governments globally, after decades of feeling just five years out... Read more

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The Next Web
Ioanna Lykiardopoulou @ The Next Web · 07/17/2024 08:00 EDT

DeepL launches new LLM that ‘outperforms’ Google Translate, ChatGPT

Since its launch in 2017, DeepL has successfully rivalled machine translation giants such as Google Translate. Today, with the launch of its new large language model (LLM), the startup aims to raise industry standards even higher. In alignment with the unicorn’s technology development strategy, the new LLM is specifically built for translation and editing. According to DeepL, this fine-tuning to language is what enables it to produce more human-like translations... Read more

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The Next Web
The Conversation @ The Next Web 3 place · 07/17/2024 06:13 EDT

What The Jetsons got right and wrong about the future of work

Sixty years ago the animated series The Jetsons finished its first and only season before being cancelled. Just 24 episodes were broadcast between September 1962 and March 1963. Despite this, the cartoon has achieved huge influence in popular culture, with countless reruns, a reboot in the mid-1980s (51 episodes over two seasons) and a feature-length movie in 1990. The Jetsons was created by the Hanna-Barbara animation studio in Los Angeles... Read more

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The Next Web
Linnea Ahlgren @ The Next Web · 07/16/2024 13:12 EDT

Yandex founder launches new Amsterdam-based AI venture after Russia divestment

Yandex founder Arkady Volozh is building a cloud service platform for developers to train artificial intelligence models. Named Nebius Group, the company says its aim is to become a European global leader in AI infrastructure.  The launch follows news from yesterday that Yandex had successfully sold its Russian assets in a $5.4bn deal, in what constitutes the largest corporate exit from the country since the start of the full-scale invasion... Read more

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The Next Web
Ioanna Lykiardopoulou @ The Next Web 3 place · 07/16/2024 10:50 EDT

UK AI startups are now worth $256B, says report

UK-based AI startups are now worth $256bn, according to new data from Dealroom and HSBC Innovation Banking. They also account for 22% of the country’s innovation ecosystem value — up from 12% in 2019. In the first half of 2024, startups in the field raised $2.1bn. And this amount is projected to more than double in the coming five months. This means they’re on track for another record-breaking year, following... Read more

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The Next Web
Ioanna Lykiardopoulou @ The Next Web · 07/16/2024 07:00 EDT

UK scaleup Huma launches ‘Shopify-like’ platform for digital health tools

UK-based Huma has launched today the Huma Cloud Platform, a “Shopify-like” tool for the healthcare ecosystem to design, build, and launch digital health services. “The digitalization of the healthcare ecosystem is a transformative force that is reshaping how we deliver and experience healthcare and how we conduct research,” Dan Vahdat, founder and CEO of Huma, told TNW. Founded in 2011, Huma has been working with national healthcare providers and big... Read more

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The Next Web
Ioanna Lykiardopoulou @ The Next Web 1 place · 07/15/2024 10:45 EDT

UK solar tech scaleup Naked Energy raises £17M for global expansion

UK-based Naked Energy has raised £17mn in a Series B round to boost the global expansion of its solar tech solutions. Founded in 2009, Naked Energy set out to help decarbonise heat generation, which contributes over 40% of global CO2 emissions. The scaleup has developed a pair of modular solar collectors, called Virtu. It claims they are four times more efficient at offsetting emissions compared to conventional solar PV panels.... Read more

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The Next Web
Ioanna Lykiardopoulou @ The Next Web 2 place · 07/15/2024 08:24 EDT

How Europe’s universities are using AI to battle dementia

If there’s one area where AI can truly have an unprecedented positive impact, it is healthcare — especially when it comes to the diagnosis and treatment of currently incurable diseases such as dementia. The condition affects over 55 million people worldwide, with nearly 10 million new cases every year. Dementia’s most common type, Alzheimer, contributes to 60%-70% of all cases. Globally, the cost of the disorder on healthcare systems reached... Read more

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The Next Web
Thomas Macaulay @ The Next Web 3 place · 07/15/2024 03:00 EDT

French AI startup launches first LLM built exclusively for advertising copy

French startup AdCreative.ai has launched a new large language model build exclusively for advertising. Named AdLLM Spark, the system was built to craft ad text with high conversion rates on every major advertising platform. AdCreative.ai said the LLM combines two unique features: instant text generation and accurate performance prediction. Working with Nvidia, the startup trained the model on real-life ad copy. The training data encompasses every text generated by AdCreative.ai... Read more

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The Next Web
Thomas Macaulay @ The Next Web 1 place · 07/12/2024 13:07 EDT

Can Ariane 6 turn Europe’s spacetech startups into global powerhouses?

When Ariane 6 suffered a glitch on its first flight, the mishap felt strangely inevitable. Nearly half of all rockets fail on their first launches. After a troubled development and four years of delays, Ariane 6 looked like a prime candidate to join the list.  The launcher was commissioned to create a European pathway into the cosmos. Since the retirement of Ariane 5 last July, the continent has had no... Read more

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The Next Web
Linnea Ahlgren @ The Next Web 1 place · 07/12/2024 07:09 EDT

SoftBank snaps up troubled British AI chip developer Graphcore

Japanese tech group SoftBank has acquired yet another British chip player. This time it has snapped up Bristol-based AI processor developer Graphcore, whose very survival was in doubt over the past year.  The acquisition comes as investors compete to back the next big thing in AI. Moreover, larger tech companies who feel that their own in-house AI capabilities are falling short have been searching high and low for acquisitions that... Read more

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The Next Web
Semyon Dukach @ The Next Web 2 place · 07/12/2024 04:30 EDT

Today’s ethical dilemmas are being decided by tech bros. How can they keep their compass straight?

Tech bros are for the first time poised to become pivotal players in highly sensitive sectors: national security, space exploration, and more. Most recently, NATO’s €1B Innovation Fund announced investments in eight startups and VC firms with a focus on emerging military and defense technologies.  As the startup ecosystem has become more sophisticated, it is now starting to disrupt these tightly controlled sectors, which were until recently the domain of... Read more

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The Next Web
Rick Hao @ The Next Web 1 place · 07/11/2024 08:46 EDT

Cultivating giants: How nurturing university spinouts fuels innovation ecosystems

Innovation thrives at the intersection of academia and entrepreneurship. Universities serve as breeding grounds for startups poised to disrupt industries with their novel ideas and cutting-edge technologies.  Yet, the path from academic breakthroughs to commercial success is laden with challenges, particularly for DeepTech companies with extended development timelines and hefty capital requirements. Here, venture capital emerges as the indispensable catalyst. Venture funds play a pivotal role in bridging th Read more

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