German chip giant lowers 2024 forecast as electronics slowdown bites


Infineon, one of the biggest chip makers in Europe, has lowered its revenue outlook for the year, citing “weak” demand from its major target markets. The German company is now expecting a revenue of €15.1bn, plus or minus €400mn. That’s down from t

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Swiss startup to advance collaborative robots with GenAI humanoid hand


The power of generative AI has further ignited the race for advanced humanoid robots, promising more capable machines that can learn and deal with unknown environments and challenges. Amid increasing competition across the globe, Switzerland-based mimi

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Swedish startup wins EU funding to print organic indoor solar panels


The EU has granted €3.3mn to a consortium led by Swedish startup Epishine. The group’s mission is to boost the development of organic solar panels.    In this case, organic refers to solar panels that are carbon-based. Instead of using silicon to co

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Tilburg’s Mr. Winston raises €600K for its hospitality POS system


Tilburg-based Mr. Winston has raised €600,000 to further develop its hospitality POS system and expand into more markets. Founded in 2015, the startup provides a cloud-based POS solution that can work on all devices and operating systems such as iOS and And

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Humanity faces two existential crises — the climate crisis and AI. Can one help solve the other?


As I write this, two contrasting regulations on the development of artificial intelligence — namely generative AI — are making their way through the European and British parliaments. The British approach is very simple — looking to ensure AI com

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This startup is using protein powder to beef up carbon capture


A British startup has devised a way to speed-up enhanced rock weathering using protein powder in a potential step forward for the budding carbon capture industry.  Enhanced rock weathering (ERW) involves spreading silicate rock dust on

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Uber rival Bolt secures €220M in prep for IPO


Estonian mobility startup Bolt has secured a €220mn credit facility as it plans to go public next year.   This type of financing is a more flexible loan option, which allows a business to withdraw and repay funds as needed, on an ongoing basis. Kind of like a cr

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This week in Dutch tech


Friday is here and so is TNW’s weekly round-up of tech news from our glorious home country. This week saw advances in medtech, quantum breakthroughs, and calls to further boost the Dutch chip industry. Our highlights have you covered, but we’d a

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Deeptech VC raises €300M in push for ‘semiconductor supremacy’


Flemish venture capital firm Imec.xpand has raised €300mn to invest in deeptech startups.    The VC is a spinoff from Leuven-based Imec, one of the world’s largest microelectronics research institutions.  The new fund targets  AI, semiconductors, nanotechnolog

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AI-powered ‘deep medicine’ could transform healthcare in the NHS


Today’s NHS faces severe time constraints, with the risk of short consultations and concerns about the risk of misdiagnosis or delayed care. These challenges are compounded by limited resources and overstretched staff that results in protrac

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