European startups got just $1bn of the €22bn that VCs have invested in generative AI since 2019, according to data from Dealroom. Unsurprisingly, American companies attracted the bulk of the money. A whopping $20bn — 89% of the global total — went to US startups. Their Asian counterparts raised only $790mn, while the rest of […]
Only 5% of $22B in VC funding for generative AI went to Europe Leer más »
Two spacecraft have taken a giant leap towards explaining the Sun’s engimatic heat. The collaboration between NASA and the European Space Agency (ESA) explored an enduring mystery. In theory, the sun’s atmosphere — the corona — should be cooler than its surface. This is because the Sun’s energy comes from the nuclear furnace in its core.
NASA and the ESA edge closer to explaining the Sun’s mysterious heat Leer más »
Driver monitoring systems (DMS) that assess alertness behind the wheel are rapidly becoming the leading automotive safety feature across the globe. In the EU for example, vehicle safety regulator EuroNCAP is requiring all new cars to incorporate a DMS in order to comply with its safety rating. Amidst this push, startups are benefiting from business
Improving driver monitoring systems: The case for synthetic data Leer más »
Yesterday we reported that UK chip design company Arm was valued at just above $50bn before going public on the Nasdaq stock exchange. At the end of the day, the share price had jumped by close to 25% above the debut price. It rose from $56.10 to $63.59 — much higher than the $51 presented
British tech giant Arm rises to $65B valuation after first day of trading Leer más »
And thus, after months of anticipation and speculation, the day of Arm’s IPO is upon us. The SoftBank-owned chip design company will begin trading in New York today, Thursday, with shares priced at $51 (€47.51) apiece. This gives Arm a valuation of $52.3bn (€48.7bn). Japanese SoftBank intends to hold onto just above 90% of the
UK chip designer Arm valued at $50B ahead of today’s IPO Leer más »
Amid the increasing commercialisation of space tech, Ubotica has partnered up with IBM to simplify the use of AI applications on board low-Earth-orbit (LEO) satellites. Founded in 2016, the Dublin-headquartered startup provides its CogniSAT edge computing platform for artificial intelligence systems on satellites, which enables AI inference to be performed on data directly in space.
Ubotica and IBM bring one-click deployment of AI on board satellites Leer más »
NordicNinja, the largest Japanese VC in Europe, has raised a fresh fund of €200mn for early-stage startups active in climate and deep tech, with particular focus on the intersection between sustainability and digitalisation. Alongside the funding, startups will receive support and access to a network of over 120 blue chip Japanese corporations. Founded in 2019,
NordicNinja raises €200M fund for climate, deep tech startups Leer más »
Dell and University of Limerick (UL) in Ireland have teamed up to advance cancer research using AI. Specifically, the tech giant will be working with UL’s Digital Cancer Research Centre to help doctors provide more efficient cancer care for patients suffering from B-cell lymphoma. This covers the entire spectrum of care, from speeding up diagnosis
Cancer patient digital twins and AI tapped to turbocharge oncology Leer más »
Space startup Open Cosmos will accelerate its mission to protect our planet after raising $50mn in a new funding round. The UK-based company uses satellites to tackle environmental issues. By tapping AI, sensors, and Earth Observation (EO) imagery, the probes provide unique insights into climate change. These findings can shine new light on global temperatures, greenhouse gases,
Space startup bags $50M to fight climate change with satellites Leer más »
Intel Ignite, Intel’s accelerator for early-stage deep tech startups, has unveiled the 10 companies that will comprise its newly-launched London cohort — the first one in the UK. Starting on September 12, the selected startups will take part in a 12-week programme, during which founders will receive mentorship and guidance on their growth journey. This
Meet the 10 deep tech startups in Intel Ignite’s first UK accelerator Leer más »
When Russian troops flooded into Ukraine last year, an army of propagandists followed them. Within hours, Kremlin-backed media were reporting that President Zelenskyy had fled the country. Weeks later, a fake video of Zelenskyy purportedly surrendering went viral. But almost as soon as they emerged, the lies were disproven. Government campaigns had prepared Ukrainians for
Ukraine’s fight against disinformation is creating a new startup sector Leer más »
Q-day may still be somewhere far in the future. However, that is not hindering cautiously optimistic investors from putting their money into the oh-so-seductive promise of quantum technology. Latest in line to be on the receiving end of such confidence is Dutch startup Orange Quantum Systems. The company, which builds quantum chip test equipment, just
Dutch quantum spinout bags €1.5M for qubit testing tech Leer más »
