UK-based startup Oxford Ionics today announced a significant achievement for its ion-trapped quantum processors, demonstrating over twice the performance of the previous world record — without using error correction. While not providin
Military AI startup Helsing has raised a whopping €450mn at a reported valuation of €5bn. The German company said the war chest will fund security for NATO’s Eastern Flank. Founded in 2021, Helsing has rapidly grown into one of Europe’s defence tech leaders. I
Whisper it, but startup funding is showing signs of a rebound. Venture capital investment in Europe has risen by 12% so far in 2024, according to Dealroom. By June, the financing for startups and scaleups had reached $29.3bn. If the current spending rate cont
PhotonDelta, a photonic chip accelerator in the Netherlands, has opened an office in Silicon Valley — marking a milestone moment for the Dutch semiconductor sector. The move is part of PhotonDelta’s goal to create a unified photonic chip industry that l
US chipmaker AMD has agreed a $665mn (€614mn) deal to buy Finnish startup Silo AI, one of Europe’s leading artificial intelligence firms. AMD announced the all-cash transaction on Wednesday. The Californian company described the acquisition as “a significant s
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, Andrii talks about f
Amid increasing interest in Iceland’s tech ecosystem, Reykjavik-based Frumtak Ventures has closed a $87M fund aimed at local startups. This is the venture capital firm’s fourth fund, following a €57mn predecessor in 2021. While sector-agno
Air taxis have been cleared for takeoff during the Paris Olympics — and President Macron has been offered a seat on the first flight. German startup Volocopter will deliver the flying taxis. A barge on the River Seine will provide a tiny airport for the vehicles
Finally, Europe has regained independent access to space. The continent reestablished a sovereign launch capacity on Tuesday with the maiden flight of the Ariane 6 rocket. Built to take satellites into orbit, Ariane 6 lifted off from the European Spaceport in
In a collab between big tech and telcos, Meta and Vodafone today announced the roll-out of network optimisation across 11 different markets in Europe to free up capacity and boost video quality. It is no secret that video content has exploded on t