The NATO Innovation Fund (NIF) has announced its first investment in quantum tech, leading a €5mn seed round. The recipient is Southampton University spinout Aquark Technologies, which has developed a unique quantum sensing technology. Aquark’s patented
Amid the AI boom, data centres are consuming alarming amounts of electricity. They’re also responsible for 1% of global energy-related emissions. By 2030, their power demand could increase by 160%. Switzerland-based Lightium aims to provide a solution. The you
This year, Air Canada lost a lawsuit against a customer who was misled by an AI chatbot into purchasing full-price plane tickets, being assured they would later be refunded under the company’s bereavement policy. The airline tried to claim the bot was “responsi
Espoo outside of Helsinki is turning into quite the quantum hub. The city’s latest addition to the Finnish quantum computing ecosystem is QMill. The newly minted algorithm startup just raised €4mn in seed funding to leverage near-term hardware to deli
Since its founding in 2017, DeepL has been raising machine translation standards, successfully rivalling giants such as Google Translate. Today, the startup unveiled an ‘industry-first’ AI-powered glossary generator for businesses. The new tool works as a sup
A German drone firm claims to have made a “major breakthrough” in autonomous swarm technology. Munich-based Quantum Systems announced on Tuesday that it has successfully flown AI-controlled Unmanned Aerial Systems (UAS) in swarms. The company said the AI ensure
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, Linne
Ekaterina Zaharieva hasn’t even started work as the EU’s first startup commissioner, but tensions are already rising around her role. The Bulgarian politician was nominated for the job on Tuesday. Alongside startups, her brief will also cover research and inn
In its most expensive project to date, Germany’s Cyber Agency (Cyberagentur) has awarded three different contracts to four quantum computing startups — Quantum Brilliance, ParityQC, Oxford Ionics, and neQxt. Their mission is to deliver the world’s first
Flink, one of the few rapid grocery delivery startups left operating in Europe, has secured $150mn to grow its business in Germany and the Netherlands. The funding comprises $115 million in equity and $35 million in debt, with backing from both new and existin