Paris-based AI startup Poolside is in discussions to raise nearly $500mn at a $3bn valuation, Bloomberg reports. Poolside is developing a ChatGPT-like large language model (LLM) that writes software code — but the business plan remains hush-hush. The company has yet to launch its first product. However, on its website Poolside states that it is currently training its LLM by “allowing it to improve by completing millions of tasks in... Read more ›
3
German startup Reverion has secured $62mn as it looks to scale a mini power plant that can generate clean energy, capture CO2, and make hydrogen all in one shipping container-sized unit. “Reverion’s technology works very efficiently in both ways — you can use the plants to store that energy and provide it back to the grid when there is demand,” Christoph Baumeister, principal at Possible Ventures, one of the investors... Read more ›
8
A Ukrainian startup forged by war is bringing counter-disinformation to the business world. Osavul was founded in 2022 to fight Russian propaganda. To analyse the threats, the company applied AI analytics to the information landscape. The startup surveys open-source data from social media, websites, and messaging apps. It then identifies harmful narratives — and the sources spreading them. The narratives have diverse forms. Osavul has detected fake news videos plastered... Read more ›
26
Tech Nation has announced the 25 startups that will participate in the second cohort of this year’s Future Fifty programme — the UK’s only accelerator that focuses on late-stage companies. Future Fifty supports startups from the Series B to the IPO stage and beyond. Since its launch in 2013, it counts alumni such as Revolut, Monzo, and Skyscanner. “We use mechanisms of access and growth instead of learning and validation,”... Read more ›
73
What’s the best way to attract attention for your startup from a room full of investors, journalists, potential partners, customers, and talent all in one go? For early-stage startups, entering pitch battle competitions is a cost and time-effective way to get in front of the right audiences. Rather than pitching to individual investors, prove your product and team’s value in one quick-fire shot. Let potential partners and customers come to... Read more ›
0
One of the most popular pastimes you may or may not have heard about is flight tracking. For instance, in September 2022, the Royal Air Force Boeing C-17A Globemaster III carrying Queen Elizabeth II’s coffin from Edinburgh to an RAF base outside of London was followed by close to 5 million people. It is also a goldmine for data. Popular flight tracking websites display the trajectories of tens of thousands... Read more ›
14
Fashion app Depop has unveiled new AI gear from the firm’s tech wardrobe. The second-hand marketplace can now generate an entire listing from a single photo. Launched today, the feature is designed to accelerate the listing process. All users need to do is upload their image and hit “Generate Description.” Image recognition and GenAI will then create the listing description. The system will also add various item attributes, from category... Read more ›
0
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 quantum accelerators, major job cuts at WeTransfer, a planet that never was, and a few things in between. You’ll also hear an on-stage interview with... Read more ›
2
Spatium Medical, a spinoff from the Erasmus Medical Center in Rotterdam, has raised €5mn to improve laparoscopy with its smart insufflation device. Insufflation refers to the process of introducing gas, typically CO2, into the abdomen, in order to “inflate” it and create enough workspace for the surgeon. However, the use of pressurised CO2 gas comes with a series of disadvantages, especially in high pressures. These include the disruption of blood... Read more ›
0
A Dutch startup has made the cut for NATO’s DIANA accelerator, which aims to build tech edges over the alliance’s adversaries. The company, named Lobster Robotics, develops underwater drones that survey the seas. Despite their small size and low costs, the robots are packed with powerful sensors.”It’s the quality and scalability of our data that sets us apart,” CEO Stephan Rutten said in June. That data produces high-resolution, interactive, optical... Read more ›
0
Nik Storonsky founded Revolut in 2015, gradually engaging consumers with the world of neobanks. Despite ups and downs throughout its journey, last month the startup became Europe’s most valuable private tech company reaching a valuation of $45bn. Storonsky is also among the European founders who have set up funds for other startups. In 2022, he launched VC firm QuantumLight, which focuses on AI-driven investments. QuantumLight has published today a playbook... Read more ›
27
Mario Draghi has sounded the alarm about the EU’s competitiveness — and future — as it is again failing to translate ideas and ambition into technological innovation. In a report commissioned by the bloc’s chief Ursula von der Leyen, Draghi stressed that a pronounced growth slowdown has widened the GDP gap between the Union and the US. This slowdown is closely linked to sluggish tech development. “Europe largely missed out... Read more ›
2
Tech giant Microsoft and leading quantum computer developer Quantinuum have hit two more significant markers on the path towards scientific quantum advantage. They have successfully created 12 highly reliable logical qubits and demonstrated a hybrid end-to-end chemistry simulation, utilising a combination of HPC, AI, and quantum. The logical qubit breakthrough was achieved on Quantinuum’s H2 trapped-ion 56 physical qubit quantum computer using Microsoft’s Azure Quantum’s qubit-virtualisation system. It trip Read more ›
0
If you’ve lost your motivation—or as some would say, your mojo—as a software developer, it’s likely because it hasn’t been the most fun time to be in the industry with layoffs rocking teams and worker morale since mid-2022. Given this context, it isn’t too surprising that Stack Overflow’s most recent Developer Survey found that less than a third (32.1%) of professional developers are happy with their current job. Common frustrations... Read more ›
22
In two separate cases today, the EU’s Court of Justice ruled in favour of back taxes and fines against Apple and Google totalling €15.4bn, a major victory in the bloc’s ongoing battle with big tech. In the first ruling, the EU’s highest court has ordered Apple to pay Ireland €13.1bn in back taxes, bringing an end to the biggest tax dispute in history. The EU Court of Justice’s judgement backs... Read more ›
2
Every January, startups, Fortune 500 companies, investors, gadget geeks, and media from across the globe flock to Las Vegas to discover the next big trends in technology. In 2024, CES welcomed 135,000 attendees, 40% of whom came from 150 different countries. With major media outlets keeping their eyes and ears on the show floor, CES has enabled some newbie entrepreneurs to sweep up thousands of pieces of press coverage and... Read more ›
9
Cambridge-based CardiaTec has raised $6.5mn to accelerate drug discovery for cardiovascular diseases, such as heart attacks and strokes. Cardiovascular diseases are the leading cause of death globally, claiming the lives of 17.9 million people each year. Yet our knowledge of their underlying biology is still limited, hindering the effectiveness of clinical trials and drug solutions. CardiaTec aims to address this knowledge gap with a drug discovery platform that leverages AI... Read more ›
10
The governmental deep tech funding landscape in the UK has been in a bit of a turmoil over the past few months. Funds have been promised by one government and then whisked away by another in the space of less than a year. While the UK government recently announced £100mn in support for five “quantum hubs,” the country’s quantum sector is concerned over the level of funding security — and... Read more ›
0
German startup Cylib has broken ground on its first industrial-scale battery recycling plant, just months after it raised €55mn in the largest-ever funding round for a European battery recycling company. The state-of-the-art facility, located at Chempark on the outskirts of Düsseldorf, will spread across three football pitches. Once operational — scheduled for 2026 — the plant is slated to recycle 30,000 tons of EV batteries a year. For context, the... Read more ›
0
Atomico, one of the largest venture capital firms in Europe, has raised $1.24bn to support startups in the region. This is its largest fundraise to date, Atomico says, although falling slightly short of its initial target of $1.35bn. The total amount is a combination of two different funds. The first fund has secured $485mn for early-stage companies, primarily targeting Series A, but also including some seed investments. The second fund... Read more ›
0
Most popular sources
Business Insider
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21% 12 |
Wired
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10% 6 |
The Verge
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8% 2 |
Android Authority
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7% 4 |
Tech Wire Asia
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7% 3 |
| View sources » | |
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27.11.2024 05:30
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