European contributions might have been a little late to join the generative AI investment party, but that does not mean they will not end up rivalling some of the earlier North American frontrunners. According to people familiar with the matter, Mistral AI, the French genAI seed-funding sensation, is just about to conclude the raising of […]
Mistral AI nears $2B valuation — less than 12 months after founding Leer más »
We have all seen the gloomy headlines over the past week. VC funding for European tech startups will have dropped by a whopping $45bn in 2023. However, some sectors, such as build world climate tech are faring… less horribly than others. Specifically, a new report by sustainability investor A/O released today has found that despite
Climate tech gets 70% of ‘built world’ VC investment, report finds Leer más »
European tech is starting to bounce back — and AI is turbocharging the recovery. The continent is now home to more highly skilled professionals in the field than the US, according to new research by Atomico, a VC firm headquartered in the UK. This overtaking follows a decade of rapid progress. Over the past 10
Europe has more AI talent than US, study finds Leer más »
Among the barriers European tech has to overcome, gender diversity is undoubtedly a pressing one. The numbers are telling. So far in 2023, female-founded startups have raised less than 2% of the total VC capital in Europe. A new study by global early-stage VC firm Antler shows that, unsurprisingly, female founders have to routinely deal
European VC ecosystem heavily biased against female founders Leer más »
Say the application that has not been attributed to generative AI by now. Anything from your virtual boyfriend/girlfriend to vaccines and the energy transition will apparently be solved by the tech currently sweeping the globe. PhysicsX, a UK-based startup “on a mission to reimagine simulation for science and engineering using AI,” wants to add advanced
Want engineering superpowers? This GenAI startup is here to help Leer más »
Sandwiched between Germany, France, and Belgium, the tiny country of Luxembourg is one of Europe’s smallest, but also its wealthiest — its residents enjoy the second-highest per capita income in the world. Key to this success is its thriving financial services sector which has helped draw several big names to the Grand Duchy, including the
When it comes to startups, little Luxembourg packs a big punch Leer más »
The UK’s new quantum computing missions have been praised as “visionary” and “exciting” plans that can reap financial and geopolitical benefits. The five long-term moonshots were launched today by the British government. The first aims to build quantum computers that can run 1 trillion operations by 2035. Another with a deadline for that year is
UK’s quantum plans could ‘unlock billions — and a geopolitical advantage’ Leer más »
Most of us would love a break from the 9-to-5 grind, evidenced by the recent hype over the four-day workweek. But a new startup from the UK promises to help you toil even less than that — while remaining just as productive. The company is called Tomoro and it’s on a mission to cut the
These AI agents could cut your workweek to just 3 days Leer más »
Antimicrobial resistance (AMR) was directly responsible for over 1 million fatalities in 2019, and the death toll keeps rising. It occurs when bacteria become resilient to antibiotics, making infections more difficult to treat — or in some cases impossible. In Finland, scientist Windi Muziasari has made it her mission to tackle this “silent pandemic.” In
Finnish startup races to map spread of ‘silent pandemic’ killing millions each year Leer más »
Norway-headquartered Otovo has secured €40mn to expand its rent-to-buy online marketplace for solar panels, as it seeks to cash in on booming demand from homeowners looking to slash their energy bills. Otovo rents out solar panels and inverters at a fixed monthly cost, which includes all repairs and maintenance. It also offers the option to
Norway’s Otovo bags €40M to grow rent-to-own solar marketplace Leer más »
People have been harnessing tidal energy for milling grain for more than 1,000 years. As you’d imagine though, today’s contraptions for tapping this 24/7 power source are a little more sophisticated. One of the most eye-catching designs to emerge in recent years is a giant metal ‘kite’ which swims underwater against the current, turning its
World’s biggest tidal energy ‘kite’ could single-handedly power a small town Leer más »
The European Space Agency has signed a deal with Airbus and Voyager Space to secure its next home in orbit. The two companies are currently developing Starlab, one of several planned replacements for the International Space Station (ISS), which is set to retire in 2030. Under the agreement, ESA will assess how the Starlab space
ESA inks deal with Airbus, Voyager Space to secure place on ISS successor Leer más »
