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The Next Web
Siôn Geschwindt @ The Next Web · 03/19/2024 00:00 EDT

How hydrofoil boat startup Candela took a wild idea and made it fly

In 1906, inventor Enrico Forlanini launched the first hydrofoil boat on Lake Maggiore in the Italian alps. His contemporary innovator Alexander Bell later said a ride on Forlanini’s invention was “as smooth as flying.” Fast forward a little over a century to 2014, when Gustav Hasselskog quit his corporate job because he was bored. Seeking a new challenge, he came up with the idea for his own flying boat, powered... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 2 place · 03/18/2024 10:33 EDT

This little carbon-sucking machine could crack DAC’s big energy problem

Direct air capture (DAC) features prominently in the climate plans of many world governments, and has drawn billions of dollars in private investment. And yet, as the costs of the technology remain prohibitively high, some doubt whether we can depend on it at all.  Mission Zero Technologies, a startup based out of the UK, believes we can — but by doing things a little differently. It has developed a modular,... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 1 place · 03/15/2024 10:38 EDT

Riddled with debt, Sweden’s Embracer sells Star Wars game maker for $500M

Swedish gaming company Embracer Group has sold a big chunk of one of its biggest subsidiaries, US-headquartered Saber Interactive, in a deal totalling $500mn.  The buyer is Beacon Interactive, a holding company recently formed by none other than Saber’s own co-founder Matthew Karch. In a letter shared with Bloomberg, Karch said he was buying back the rights to his company and many of its studios because “they represent the best... Read more

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The Next Web
Linnea Ahlgren @ The Next Web 2 place · 03/15/2024 10:06 EDT

ASML backs €110M Dutch deeptech fund for quantum, semiconductors

The pride and joy of the Dutch tech ecosystem, ASML, has featured heavily in the news this past couple of weeks, after news broke the government was scrambling to keep the company in the country. However, ASML’s plans to potentially relocate due to difficulty securing talent and infrastructure bottlenecks does not mean it is not still actively supporting the Dutch tech ecosystem. The company has just contributed an undisclosed amount... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 2 place · 03/15/2024 07:27 EDT

UK fusion startup trials plasma-stabilising laser for ‘holy grail’ of energy

British startup Tokamak Energy is testing a new type of laser that it says is “crucial” to stabilising fusion reactions — the same atom-fusing process that powers the Sun and promises to deliver virtually limitless, clean energy.   The Oxford-based company is building ST40, a donut-shaped machine that in 2022 became the first privately-owned fusion reactor to reach 100 million °C — six times as hot as the core of our... Read more

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The Next Web
Linnea Ahlgren @ The Next Web 3 place · 03/14/2024 12:35 EDT

French MoD taps 5 startups to develop fault-tolerant quantum computer

Quantum computers have an almost mythical status among data scientists and researchers. The dream of emerging out of the NISQ (noisy intermediate-scale quantum) era into a world of fault-tolerant qubits generating unbreakable encryption or solving climate change keeps many startups going despite difficult investment propositions with longer return horizons. But quantum technologies don’t only inspire wonder and excitement — they are also a growing geopolitical concern. More and more countries... Read more

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The Next Web
Thomas Macaulay @ The Next Web 3 place · 03/14/2024 11:50 EDT

‘French scar’ leaves another mark on TikTok’s painful week

TikTok’s rough week in the west went from bad to worse today when Italian authorities slapped the app with a €10mn fine over a viral challenge called the “French scar.” The game invites users to pinch their cheeks until they leave a lasting bruise. It became particularly popular in Italy, which prompted scrutiny from the country’s competition regulator. Following a probe, investigators concluded that TikTok had failed to protect users... Read more

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The Next Web
Thomas Macaulay @ The Next Web 2 place · 03/14/2024 08:59 EDT

Dutch startup TheyDo bags $34M to solve ‘biggest business problem of the century’

Dutch startup TheyDo has raised $34mn to solve “the biggest business problem” of the century —  scaling customer journeys. Founded in 2019, the company produces a live platform that provides actionable insights about customers. Enterprises can use the tools at every step of the journey, from discovery to purchase to after-sales. Current clients include Fortune 500 members Ford, Johnson & Johnson, and Home Depot. The software’s USP is a holistic... Read more

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The Next Web
Thomas Macaulay @ The Next Web · 03/14/2024 05:25 EDT

Princess Kate photo scandal triggers calls for watermarking untouched images

A distinctly British scandal caused by sloppy photo editing has sparked calls for watermarking untouched images. The pleas come after a picture of Princess Kate intensified wild rumours about her whereabouts. Kate’s representatives issued the image this week to subdue gossip about her recent absence from the public eye. Newspapers and websites promptly plastered the snapshot across their pages. But the photo only heightened the speculation. Online sleuths soon spotted... Read more

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The Next Web
Linnea Ahlgren @ The Next Web 3 place · 03/13/2024 12:08 EDT

UK looks to nature to train AI at 0.1% of the cost

Computing power to develop artificial intelligence does not come cheap. While you can build a simple AI chatbot for next to nothing, training a fine-tuned model on large data sets can cost millions of dollars. In order to lower the costs associated with training AI the UK’s Advanced Research and Invention Agency, or ARIA, has launched a programme called Scaling Compute. The initiative is committing £42mn to find new, more... Read more

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The Next Web
Thomas Macaulay @ The Next Web 3 place · 03/13/2024 09:13 EDT

EU finally adopts AI Act, marking a ‘new era’ for artificial intelligence

The EU has officially adopted the AI Act, the world’s first comprehensive rulebook on artificial intelligence. Members of the European Parliament (MEPs) overwhelmingly endorsed the regulation on Wednesday. The law passed with 523 votes in favour, 46 against, and 49 abstentions. “Europe is NOW a global standard-setter in AI,” Thierry Breton, the bloc’s commissioner for the internal market, wrote on X. Breton’s claim was echoed across the tech world —... Read more

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The Next Web
Andrii Degeler @ The Next Web 2 place · 03/13/2024 08:17 EDT

TNW Podcast: From Operation ‘Beethoven’ to founders’ mental health

 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, Andrii and Linnea talk about the ‘Operation Beethoven’ by the Dutch government, founders’ mental health, some Dune: Part Two trivia, world’s oldest actively developed web browser, and more. Here are... Read more

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The Next Web
Thomas Macaulay @ The Next Web 1 place · 03/13/2024 07:02 EDT

Watch: The first test of a magnetic levitation train on an existing track

Floating trains have glided closer to Europe after a pioneering trial of magnetic levitation — aka maglev. Italian firm IronLev, which developed the tech, claims to have completed the first-ever maglev test on an existing train track — and has the footage to prove it. You can scrutinise the evidence for yourself in the video below: The maglev journey took place on a railway line near Venice. Across the two-kilometre... Read more

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The Next Web
Linnea Ahlgren @ The Next Web 3 place · 03/12/2024 12:45 EDT

Brain stimulation tech wins €5M to fight depression at home

Depression affects approximately 280 million people all over the world, and disproportionately affects the female population — it is 50% more common in women than men. Treatments range from psychotherapy and lifestyle adjustments to antidepressants and more experimental concepts: brain stimulation therapies. Sooma, a medtech startup based in Helsinki, Finland, is focused on the latter. The company has developed a portable brain stimulation device for Transcranial Direct Current Stimulation (tDCS).... Read more

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The Next Web
Siôn Geschwindt @ The Next Web · 03/12/2024 11:16 EDT

This startup taps quantum, AI to fast-track discovery of new materials

From batteries and semiconductors to energy storage, the transition to green technologies requires the development of new, sustainable materials at an unprecedented pace. German startup Quantistry believes it can fast-track the discovery of such materials using a mix of quantum tech, physics-based simulations, and machine learning. By automating the process, it looks to sidestep the “high costs, fragmented expertise, and slow innovation” inherent to classical R&D.  Quantistry has developed a... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 1 place · 03/12/2024 07:29 EDT

Volvo taps UK software startup to boost EV charging speed by 30%

Volvo has invested in Breathe Battery Technologies and plans to install the UK startup’s software in all of its next-gen EVs. Devices that use lithium-ion battery packs, from smartphones to cars, are typically designed to limit their power intake during charging. This is to protect the battery cells from overheating. However, it also reduces charging speed. Breathe’s so-called adaptive charging software offers a workaround. It controls the battery and monitors... Read more

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The Next Web
Elaine Burke @ The Next Web · 03/12/2024 05:39 EDT

5 ways to boost your salary as a software developer in 2024

For much of the 21st century, software development has been an attractive career option. Now, however, there are perceived threats on the horizon as new tools seem set to fill the software development skills gap. Generative AI models are evolving quickly with the ability to generate functioning code from a few text prompts. Meanwhile, no-code and low-code tools and services — which offer people with minimal or even no development... Read more

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The Next Web
Linnea Ahlgren @ The Next Web · 03/12/2024 01:00 EDT

Ada Ventures secures £63mn for ‘Inclusive Alpha’ fund

It is no secret that VC investing has a diversity and inclusion problem. Fortunately, there are funders out there who are committed to ushering in positive changes. This includes Ada Ventures, a UK-based VC firm with a portfolio that is 14x more diverse in terms of gender and ethnicity than the country’s average venture fund. Today, it just announced the close of its oversubscribed £63mn second fund. Ada Ventures is... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 3 place · 03/11/2024 11:28 EDT

Dutch cybersecurity startup bags €36M amid spike in online attacks

Dutch startup Eye Security has raised €36mn as it looks to defend European businesses from cyber criminals.  Founded in 2020 by a group of Dutch intelligence and security experts, the Hague-based outfit provides cyber protection, incident response, and cyber insurance services to small-to-medium sized companies.  The funding round, which brings Eye Security’s total amount raised so far to €57.5mn, was led by JPMorgan, the private investment arm of American financial... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 2 place · 03/11/2024 07:30 EDT

Watch: Declassified footage of UK DragonFire laser weapon in action

The UK’s Ministry of Defence (MoD) has released declassified footage of its DragonFire laser weapon.  DragonFire shoots a high-power beam at the speed of light. It’s so precise, it can fry a target the size of a coin from a kilometre away. This “never seen before” footage and imagery shows the laser cannon in action at a site in the Hebrides, a remote archipelago off the coast of Scotland. The... Read more

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02.05.2026 04:56
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