Up to €2.3bn of annual tax from big tech may be missing from the UK’s coffers because of archaic rules. That’s according to TaxWatch, a think tank formed to expose abuses of the taxation system. In new research, the group analysed the finances of seven tech giants: Apple, Microsoft, Meta, Amazon, Adobe, Cisco, and Google […]
UK lost €2.3B in tax from big tech because rules are ‘no longer fit for purpose’ Leer más »
RISC-V, the upstart chip architecture, has stepped further into the market for processors. Semiconductor giant Qualcomm today announced that it’s building a RISC-V-based wearables platform for Wear OS, Google’s operating system for smartwatches. The system will expand Qualcomm’s lineup of Snapdragon Wear processors, which power the bulk of Wear OS products. According to Qualcomm, the
Google and Qualcomm are building a RISC-V-based platform for wearables Leer más »
The British government’s aim to turn the UK into a global leader in the development of generative AI is “unrealistic,” researchers at the University of Cambridge argue. According to the associated report, the country lacks both the necessary capital investment and computing power to build generative AI fast enough to compete with tech giants such
UK plan to lead in generative AI ‘unrealistic,’ say Cambridge researchers Leer más »
In the third quarter of 2023, European startups raised $16.4bn (€15.6bn) in VC funding — a 28% increase quarter over quarter. The findings are based on an analysis by Crunchbase, which also unveiled that the fresh capital has mostly favoured late-stage rounds. In contrast, funding for seed and early-stage companies hit its lowest points since
VC funding in Europe rose in Q3 2023, but favoured late-stage startups Leer más »
After a lengthy process of regulatory scrutiny, the biggest deal in gaming history finally has the all-clear. Today, the final hold-out in the saga, the UK’s CMA, said it had approved Microsoft’s acquisition of Activision Blizzard, after the parties had made “gamechanging” amendments to the terms. The antitrust watchdog stated it had been swayed by
GG Microsoft! UK clears $69B Activision Blizzard deal Leer más »
From transportation to heavy industries, clean hydrogen has emerged as a key element in the transition to climate neutrality — and the EU wants to ensure that the fossil-fuel alternative joins its arsenal. In a speech to representatives of hydrogen’s entire value chain, Commission president Ursula von der Leyen set out how the bloc’s strategy
Europe outpaces US and China in hydrogen investment, says EU president Leer más »
Amid the global race for semiconductor chips, Taiwanese suppliers are considering investing in Europe, the Financial Times reports. “We are planning investments in Germany, and the European market is going to be ours,” Vincent Liu, president and chief executive of LCY Group, told the newspaper. The company supplies cleaning agents and solvents to Taiwan Semiconductor
Taiwan’s semiconductor suppliers plan to invest in European chip factories Leer más »
Home to over 5,300 high tech companies, Cambridge is among the world’s leading university-based ecosystems. Ranked as the third most important science hub globally in 2022, the city counts 23 unicorns and its university-backed startups have raised over £3bn in research investment. Now, Cambridges aims to more than double its unicorns by 2035 under a
Cambridge aims to double its unicorns, plans support scheme for founders Leer más »
This Thursday, German startup Wingcopter launched a drone and electric cargo-bike delivery project to bring everyday consumer goods to remote rural areas in Central Germany. Just as with ordinary grocery delivery, customers in Michelstadt, Hesse, will be able to place their orders via a website and decide on a convenient delivery time slot. Autonomous Wingcopter
Drone startup launches grocery delivery in Germany Leer más »
UK startup Seergrills has invented the world’s first AI-enabled grill that is so insanely hot it can cook food up to 10x faster than conventional methods. The mean BBQ machine — dubbed Perfecta — achieves this feat using proprietary NeuralFire technology. This consists of two vertical infrared burners which rapid-cook anything from steak to pizza
This blisteringly hot AI-powered grill cooks food ‘up to 10x faster’ Leer más »
It is no secret that European tech funding has seen an alarming decline throughout the past 24 months. Thankfully, there are still some bright spots. London-based venture capital firm Atomico is challenging the trend, having raised $1.1bn (€1.05bn) of new funding to invest in tech startups. Atomico will use the funds across both its new
VC Atomico raises €1B in glimmer of hope for European tech startups Leer más »
Levels of job satisfaction among young tech workers in Europe have bounced back this year. The proportion of employees feeling unhappy in their role fell from 35% in 2022 to 15% in 2023. The findings come from the Young Generation in Tech report (backed by Eight Roads Ventures Europe and HR platform HiBob), which surveyed
Job satisfaction in European tech on the rise — but Dutch, Swedes least happy Leer más »
