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Back in the early 2000s, Estonia was rapidly modernising, shaking off the remnants of Soviet influence. It was ambitiously transforming itself into a digital society with innovations such as e-government and online voting. And, of course, it gave birth to Skype, the company that would launch the small Baltic nation’s journey towards becoming a startup powerhouse and a “unicorn country.” Since then, Estonia has established itself as a leader in breeding high-profile software companies, such as Bolt and Wise. Now, it’s aiming to become a deeptech hub, accelerating the development of research- and science-based entrepreneurship. Deeptech in Estonia is still…This story continues at The Next Web
Swedish startup Heart Aerospace has unveiled its first full-scale demonstrator hybrid-electric aircraft as it targets commercial flight by the end of 2029, a year later than previously planned. Heart revealed the prototype, dubbed HX-1, at its hangar in Gothenburg yesterday, which we toured earlier this year. The HX-1 prototype outside Heart’s hangar in Gothenburg, Sweden. Credit: Heart Aerospace The company will initially use the aircraft for ground-based testing, with the first flight scheduled for the second half of 2025 at the latest. It is set to be the largest electric plane to ever take to the skies. “It is a…This story continues at The Next Web
Every week, millions of adults pretend that they’re football managers. I am one of them. We live out our dreams in the Fantasy Premier League (FPL), an online game that’s become a global phenomenon. With a budget of 100 million (digital) pounds, we build virtual squads of footballers. If their real-life counterparts play well, we win points. By the end of the season, the team with the most points wins. But what exactly do they win? Well, that depends who you ask. Here’s the official answer: over 10 million players compete for the grand prize of — drum roll, please — …This story continues at The Next Web
Paris-based AI startup Poolside is in discussions to raise nearly $500mn at a $3bn valuation, Bloomberg reports. Poolside is developing a ChatGPT-like large language model (LLM) that writes software code — but the business plan remains hush-hush. The company has yet to launch its first product. However, on its website Poolside states that it is currently training its LLM by “allowing it to improve by completing millions of tasks in tens of thousands of real world software projects.” The startup is currently focused on winning over developers and has shown a demo code-generation product to investors, a person familiar with…This story continues at The Next Web
German startup Reverion has secured $62mn as it looks to scale a mini power plant that can generate clean energy, capture CO2, and make hydrogen all in one shipping container-sized unit. “Reverion’s technology works very efficiently in both ways — you can use the plants to store that energy and provide it back to the grid when there is demand,” Christoph Baumeister, principal at Possible Ventures, one of the investors in the round, told TNW. Reverion — spun-off from the Technical University of Munich in 2022 — will use the fresh funds to begin serial production of its power plants…This story continues at The Next Web
A Ukrainian startup forged by war is bringing counter-disinformation to the business world. Osavul was founded in 2022 to fight Russian propaganda. To analyse the threats, the company applied AI analytics to the information landscape. The startup surveys open-source data from social media, websites, and messaging apps. It then identifies harmful narratives — and the sources spreading them. The narratives have diverse forms. Osavul has detected fake news videos plastered with BBC logos, racial slurs hidden by slang, and generative AI amplifying Russian propaganda. Ukraine’s government has frequently sought the startup’s insights. So have NATO and the UK. But Osavul is…This story continues at The Next Web
Tech Nation has announced the 25 startups that will participate in the second cohort of this year’s Future Fifty programme — the UK’s only accelerator that focuses on late-stage companies. Future Fifty supports startups from the Series B to the IPO stage and beyond. Since its launch in 2013, it counts alumni such as Revolut, Monzo, and Skyscanner. “We use mechanisms of access and growth instead of learning and validation,” Johnny Mayo, programme lead of Future Fifty told TNW. “The reason for this is our companies typically already have proven product market fit, and our founders will often already have…This story continues at The Next Web
What’s the best way to attract attention for your startup from a room full of investors, journalists, potential partners, customers, and talent all in one go? For early-stage startups, entering pitch battle competitions is a cost and time-effective way to get in front of the right audiences. Rather than pitching to individual investors, prove your product and team’s value in one quick-fire shot. Let potential partners and customers come to you after sharing your innovative idea on stage. Do you have what it takes? This October, there are four pitch battle competitions taking place at Expand North Star in Dubai…This story continues at The Next Web
One of the most popular pastimes you may or may not have heard about is flight tracking. For instance, in September 2022, the Royal Air Force Boeing C-17A Globemaster III carrying Queen Elizabeth II’s coffin from Edinburgh to an RAF base outside of London was followed by close to 5 million people. It is also a goldmine for data. Popular flight tracking websites display the trajectories of tens of thousands of flights per day across their digitised maps. But what you also may not know, is that this is only possible due to a network of dedicated volunteers who collect…This story continues at The Next Web
Fashion app Depop has unveiled new AI gear from the firm’s tech wardrobe. The second-hand marketplace can now generate an entire listing from a single photo. Launched today, the feature is designed to accelerate the listing process. All users need to do is upload their image and hit “Generate Description.” Image recognition and GenAI will then create the listing description. The system will also add various item attributes, from category to colour and brand. Every detail will incorporate Depop’s trademark tone, hashtags, and visuals. The feature only needs a few clicks to create a listing. Credit: Depop The new feature…This story continues at The Next Web
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, Linnea and Andrii talk about quantum accelerators, major job cuts at WeTransfer, a planet that never was, and a few things in between. You’ll also hear an on-stage interview with Lee Taylor, CFO of OnlyFans, with Cristina Criddle, technology reporter at Financial Times. The conversation was recorded at this year’s TNW Conference — Lee talked about the journey of OnlyFans…This story continues at The Next Web
Spatium Medical, a spinoff from the Erasmus Medical Center in Rotterdam, has raised €5mn to improve laparoscopy with its smart insufflation device. Insufflation refers to the process of introducing gas, typically CO2, into the abdomen, in order to “inflate” it and create enough workspace for the surgeon. However, the use of pressurised CO2 gas comes with a series of disadvantages, especially in high pressures. These include the disruption of blood flow to the organs, obstructions in mechanical ventilation, post-operative pain, and delayed recovery. Spatium Medical’s insufflator promises a solution. The startup’s patented turbine technology keeps the gas pressure consistently stable.…This story continues at The Next Web
A Dutch startup has made the cut for NATO’s DIANA accelerator, which aims to build tech edges over the alliance’s adversaries. The company, named Lobster Robotics, develops underwater drones that survey the seas. Despite their small size and low costs, the robots are packed with powerful sensors.”It’s the quality and scalability of our data that sets us apart,” CEO Stephan Rutten said in June. That data produces high-resolution, interactive, optical seabed maps. Their contents reveal what is normally invisible. The potential applications are diverse. Users could monitor marine habitats, explore the oceans, or search for sunken treasure. They could also…This story continues at The Next WebOr just read more coverage about: Security
Nik Storonsky founded Revolut in 2015, gradually engaging consumers with the world of neobanks. Despite ups and downs throughout its journey, last month the startup became Europe’s most valuable private tech company reaching a valuation of $45bn. Storonsky is also among the European founders who have set up funds for other startups. In 2022, he launched VC firm QuantumLight, which focuses on AI-driven investments. QuantumLight has published today a playbook with step-by-step guidelines on how to build high-performance startups. “We are publishing best practices that I wish I had access to in the early days of Revolut,” said Storonsky, who co-wrote…This story continues at The Next Web
Mario Draghi has sounded the alarm about the EU’s competitiveness — and future — as it is again failing to translate ideas and ambition into technological innovation. In a report commissioned by the bloc’s chief Ursula von der Leyen, Draghi stressed that a pronounced growth slowdown has widened the GDP gap between the Union and the US. This slowdown is closely linked to sluggish tech development. “Europe largely missed out on the digital revolution led by the internet and the productivity gains it brought,” the former European Central Bank (ECB) president said. He also warned that history might repeat itself.…This story continues at The Next Web
Tech giant Microsoft and leading quantum computer developer Quantinuum have hit two more significant markers on the path towards scientific quantum advantage. They have successfully created 12 highly reliable logical qubits and demonstrated a hybrid end-to-end chemistry simulation, utilising a combination of HPC, AI, and quantum. The logical qubit breakthrough was achieved on Quantinuum’s H2 trapped-ion 56 physical qubit quantum computer using Microsoft’s Azure Quantum’s qubit-virtualisation system. It triples the pair’s previous achievement of four reliable logical qubits, announced in April this year. The team also demonstrated several fault-tolerant computations with the improved logical qubits which, when entangled, have a…This story continues at The Next Web
If you’ve lost your motivation—or as some would say, your mojo—as a software developer, it’s likely because it hasn’t been the most fun time to be in the industry with layoffs rocking teams and worker morale since mid-2022. Given this context, it isn’t too surprising that Stack Overflow’s most recent Developer Survey found that less than a third (32.1%) of professional developers are happy with their current job. Common frustrations include technical debt (62.4%), as well as a reliance on unreliable tools and systems at work (31.2%). Those aren’t great numbers, but negatives are generally countered by positives. Within programming,…This story continues at The Next Web
In two separate cases today, the EU’s Court of Justice ruled in favour of back taxes and fines against Apple and Google totalling €15.4bn, a major victory in the bloc’s ongoing battle with big tech. In the first ruling, the EU’s highest court has ordered Apple to pay Ireland €13.1bn in back taxes, bringing an end to the biggest tax dispute in history. The EU Court of Justice’s judgement backs the European Commission, which accused Apple of benefitting from “substantially and artificially lowered tax” in Ireland since 1991. “Ireland granted Apple unlawful aid which Ireland is required to recover,” the…This story continues at The Next WebOr just read more coverage about: Apple
Every January, startups, Fortune 500 companies, investors, gadget geeks, and media from across the globe flock to Las Vegas to discover the next big trends in technology. In 2024, CES welcomed 135,000 attendees, 40% of whom came from 150 different countries. With major media outlets keeping their eyes and ears on the show floor, CES has enabled some newbie entrepreneurs to sweep up thousands of pieces of press coverage and some lucrative new deals from buyers, all in just four days. After struggling with a speech disorder as a child, Joris Castermans developed an AI-powered speech technology to help amplify…This story continues at The Next Web
Cambridge-based CardiaTec has raised $6.5mn to accelerate drug discovery for cardiovascular diseases, such as heart attacks and strokes. Cardiovascular diseases are the leading cause of death globally, claiming the lives of 17.9 million people each year. Yet our knowledge of their underlying biology is still limited, hindering the effectiveness of clinical trials and drug solutions. CardiaTec aims to address this knowledge gap with a drug discovery platform that leverages AI to analyse human tissue “multi-omics” data. Mutli-omics is a biological analysis approach which combines the study of multiple “omes,” the sets of various biological molecules or entities within a cell…This story continues at The Next Web
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