On Wednesday, the German government announced that it would nearly double its funding for artificial intelligence research. The money pledged towards the development of AI systems now amounts to nearly €1bn, which is still far behind the $3.3bn (€3.04bn) in public funding the US reportedly threw at the field last year. The Federal Ministry for […]
Germany doubles funds for AI ‘made in Europe’ Leer más »
Germany’s Chancellor Olaf Scholz says he believes forthcoming green tech investments will benefit the country’s stagnated economy as a whole. In a ‘summer interview’ with public broadcaster ZDF, the chancellor stated that the government has “moved at an incredible pace” when it comes to shifting legislation around hydrogen production and other renewable energy sources. Indeed,
German chancellor says push for renewables will revive economy Leer más »
The day following US President Biden’s unveiling of an executive order designed to curb investments in certain tech sectors in China has been marked by tentative reactions from both policymakers and the business community. The UK government stated early on Wednesday that the decision provided “clarity” on the approach of its close ally. Furthermore, it
EU to hold back on China tech investment ban — for now Leer más »
In a pivot toward Europe, Taiwanese chipmaker TSMC decided yesterday to invest in a €10bn chip factory in Germany. With Taiwan under mounting pressure from Beijing to submit to mainland China authority, politicians — and customers — are increasingly concerned about disruptions to semiconductor supply chains. As such, the Taiwanese producer is looking to geographically diversify
TSMC to enter ‘Silicon Saxony’ with €10B chip plant Leer más »
As July drew to a close, Getir announced plans to withdraw from three more markets. The Turkish rapid grocery delivery startup pulled out of Spain, Portugal, and Italy, in a move that reduced its European footprint to just four countries. It’s the latest chapter in a string of difficult encounters for the company and for
Why Europe’s grocery delivery space is in a state of flux Leer más »
When Monzo published its latest annual revenue figures in February, it provided a flicker of light after months of headlines about fintech down rounds and job cuts. The accounts showed that the UK digital bank was now profitable with a net operating income of £214.5 million (€249mn). The news will cheer up Monzo after seeing
European fintech players are bracing for market consolidation Leer más »
Wardrobe malfunctions are never fun. When on Earth, they might be a nuisance or prove somewhat embarrassing. In space however, they could be a matter of life and death. Not to mention, how do you handle, uhm, laundry on the Moon? The European Space Agency (ESA) says that the next generation of lunar explorers will
These antimicrobial spacesuits could solve astronauts’ laundry woes Leer más »
Next year, a Dutch company will put a new kind of battery in a drone and — if all goes according to plan — that drone will fly for 50% longer than it could with a standard lithium-ion (Li-ion) battery. Flight times of nearly an hour, say, rather than 34 minutes. The souped-up drone won’t
European startups: I think we’re going to need a better battery Leer más »
German multi-modal travel unicorn Omio has teamed up with compatriot search engine Ecosia to create a tree-planting rail travel booking tool. It means users will be able to search and book train journeys through Ecosia’s website, powered by an API-integration with Omio’s travel platform. The booking platform will automatically pop up via a simple query
Berlin tech companies join forces to plant trees when you travel by train Leer más »
Paris-based and female-founded AI startup Pathway has announced the general launch of its data processing engine. Reportedly, it is up to 90x faster than existing streaming solutions, and promises to be the “fastest data processing engine on the market.” The secret? A unique ability to mix batch and streaming logic in the same workflow, which
AI startup launches ‘fastest data processing engine’ on the market Leer más »
Greek shipping software startup DeepSea Technologies has sold a majority share to Japan’s automation giant Nabtesco for an undisclosed amount. DeepSea will continue to develop the company’s fuel optimisation platforms that reduce emissions (and cut costs) of fossil-based maritime fleets, while also becoming a “centre of excellence for AI research and product development.” Furthermore, the
Greek AI shipping startup acquired by Japanese automation giant Leer más »
Hydrogen-powered planes are, essentially, nothing new. The USSR flew the alternative fuel testbed Tupolev Tu-155 on hydrogen (and liquid natural gas) more than 35 years ago. However, challenges associated with the technology meant that it was basically moth-balled for commercial aircraft operations (rocket fuel is another matter) — until now. With the future of the
Meet Europe’s hydrogen trailblazers on a quest for zero-emission air travel Leer más »
