EU must close innovation gap to overcome ‘existential challenge’, warns Draghi

This slowdown is closely linked to sluggishtechdevelopment. He also warned that history might repeat itself. 40% off TNW Conference! The problem is not that Europe lacks ideas or ambition, the Italian former premier said. But innovation is blocked at the next stage: we are failing to translate innovation into commercialisation. The data speaks for itself. According to the report, merely four of the worlds top 50 tech companies are European....

September 10, 2024 · 2 min · 224 words · Holly Brown

How your startup can prepare to win at the ‘Olympics of consumer technology’

In 2024, CES welcomed 135,000 attendees,40% of whom came from 150 different countries. It’s free, every week, in your inbox. At the same time, making it into the spotlight has gotten more difficult over the years. Its like the Olympics of technology. So you have to be well prepared and well trained, says Serval. Still, the gains can be huge if you capture the attention of the right reporter. Once its picked up by a few key publications, youll have others taking notice as well....

September 10, 2024 · 2 min · 329 words · Danielle Gonzalez

Microsoft, Quantinuum combine HPC, AI, quantum to solve real-world chemistry problem

The logical qubit breakthrough was achieved on Quantinuums H2 trapped-ion 56 physical qubitquantum computerusing Microsofts Azure Quantums qubit-virtualisation system. It triples the pairs previous achievement of four reliable logical qubits, announced in April this year. It’s free, every week, in your inbox. The tech giant intends to integrate these applications into a commercial offering for its Azure Quantum computing platform. Physical qubits are the parts that function analogously to bits in a classical computer....

September 10, 2024 · 1 min · 163 words · Gina Moran

Revolut founder shares 7 tips for building high-performance startups

Nik Storonsky founded Revolut in 2015, gradually engaging consumers with the world of neobanks. Storonsky is also among the European founders who have set up funds for otherstartups. 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. It’s free, every week, in your inbox. These best practices also draw from Revoluts recently launched company management platform, dubbed Revolut People....

September 10, 2024 · 1 min · 123 words · Tracy Austin

Are the operating systems of the future immutable?

Developers talk a lot about immutability. Outside the technical world, it usually means something negative: unmoving, inflexible, and entrenched. However, the widespread adoption of containers withDockerjust over 10 years ago brought the concept to broader attention. This means its relatively easy to shut down, recreate, and reboot the container based on that definition. Development teamsnow use containers widely, managed and orchestrated by tools such asKubernetes. Containers take the concept of immutability some of the way....

September 9, 2024 · 3 min · 557 words · Robert Edwards

Atomico raises $1.24B fund for European startups from seed to pre-IPO

This is its largest fundraise to date, Atomico says, although falling slightly short of itsinitialtargetof $1.35bn. The total amount is a combination of two different funds. Launched in 2006 by Skype co-founder Niklas Zennstrom, Atomico has employed a founder-focused approach. It counts over 155 investments across 15 European companies. The VC firm says that one in six of its portfolio startups is currently valued above $1bn. This includes machine translation companyDeepLand buy-now-pay-later unicornKlarna....

September 9, 2024 · 1 min · 163 words · Christopher Sanders

German startup Cylib starts building Europe’s largest EV battery recycling plant

The state-of-the-art facility, located at Chempark on the outskirts ofDusseldorf, will spread across three football pitches. Once operational scheduled for 2026 the plant is slated to recycle 30,000 tons ofEVbatteries a year. It’s free, every week, in your inbox. This differs from competitors, most of which only extract a few key elements from old batteries. By processing all of them, Cylib can also sell all of them. The partners claim their method uses 30% less energy than competitors....

September 9, 2024 · 1 min · 185 words · Heather Wells

The UK could be home to a ‘quantum Nvidia’, says algorithm startup

Funds have been promised by one government and thenwhisked awayby another in the space of less than a year. Phasecraft is a leader in quantum algorithms computational methods designed specifically for quantum computers and their qubits. It’s free, every week, in your inbox. (By 2035, quantum computing alonecould accountfor $1.3 trillion in value.) [Governments] are starting to become more nervous about the security implications of quantum, Montanaro said. In August 2024, there were over 37,000 vacancies in the UK quantum sector....

September 9, 2024 · 1 min · 142 words · Mary Navarro

Europe has opened a door to a universal wallet. The web’s inventor wants to enter

Imagine youre moving to the destination of your dreams. A tropical paradise by the sea? An enchanting mountain village? A sun-kissed chateau surrounded by vineyards? All you gotta do is pack a smartphone. You catch a cab to the station, scan a turnstile, and board a train to the airport. On arrival, you stroll through abiometric corridorand straight on to your plane. After your flight touches down, you collect a rental car....

September 6, 2024 · 6 min · 1162 words · Lisa Hart

Europe’s biggest floating solar farm could power a large town

The plant is already under construction at the site of a former quarry in the Haute-Marne region of France. Once finished, the farm will comprise 134,649 floating solar panels covering an area equivalent to 180 football pitches. The huge 73MW array will cater to the electricity needs of around 37,000 people, Q Energy estimates. Floating solar farms or floatovoltaics work much like their land-based cousins, but on water. Floatovoltaics offer some distinct advantages over land-based PV....

September 6, 2024 · 2 min · 232 words · Pamela Stevens

First metal part 3D-printed in space paves way for deeper cosmic missions

It could mark a step toward greater autonomy for long-term missions to the Moon, Mars, and beyond. It’s free, every week, in your inbox. And now it has produced its first metal component in microgravity. However, printing metal in space doesnt come with challenges. Metal 3D printers on Earth are usually the size of a small room. Gravity management is also key, which is why we chose wire-based printing technology....

September 6, 2024 · 1 min · 89 words · Krystal Rhodes

ASML CEO: Export curbs on China are more about US economics than security

Part of the US strategy has been applying pressure to ally countries such as the Netherlands home to ASML. The Dutchtechcompany is the sole manufacturer of the worlds most advanced chipmaking machines. The Netherlands has curbed exports of ASMLs most sophisticated machines for high-end chips since 2019. In alignment with Washington, it has also implemented several otherexport restrictions. 40% off TNW Conference! To make the case that this is about national security is getting harder and harder, Fouquet added....

September 5, 2024 · 1 min · 156 words · Tyler Leon

BMW installs ‘motionless’ wind energy device at Mini factory

US startup Aeromine has installed the UKs first motionless wind turbine atop BMWs Mini factory in Oxford. The 3-metre-tall, box-shaped gear captures wind flowing up and over the building. Aeromines machine has no visible moving parts. The bladeless design minimises noise and vibrations, and the risks to wildlife like birds or bats. By amplifying wind speed, Aeromines system can harness energy more efficiently. Danish wind energy expert Carsten Westergaard patented the technology in 2015....

September 5, 2024 · 1 min · 149 words · Lori Wilson