Samsung buys UK startup Oxford Semantic to boost ‘personalised AI experiences’

Samsung has snapped up UKstartupOxford Semantic Technologies, in a bid to hyper-personalise userexperiences withAI. Founded in 2017,Oxford Semantic specialises inknowledge graphs, which integrate and analyse data. The technology powers countless applications, from voice assistants to search engines. The system supports an array of use cases, from recommendation engines to anomaly detection in transactions. For Samsung, the software provides a chance to develop sophisticated and personalised AI solutions. It’s free, every week, in your inbox....

July 18, 2024 · 2 min · 214 words · Justin Mayer

UK approves first cultivated meat sales in Europe — but only for pet food

Cultivated meat is now approved for sale in Europe but dont break out the fine China just yet. The first dishes are exclusively reserved for pets. Our furry friends can now legally dine on cultivated chicken fromMeatly, a startup based in London. The company announced on Monday that British regulators have rubber-stamped sales of theproduct. Byproviding the green-light, the UK has become the first European country to commercialise lab-grown meat....

July 18, 2024 · 2 min · 367 words · Vicki Hammond

ASML orders up 24%, China still the biggest market despite restrictions

According to the companys earnings report for the second quarter of 2024, net bookings (i.e. orders) reached 5.6bn rising over 24% year-on-year. A significant chunk consisted of orders for ASMLs EUV machines, which accounted for 2.5bn. It’s free, every week, in your inbox. They fell, however, by 9.5% and 18.7% year-on-year. How ASMLs entanglement in the semiconductor geopolitics will impact the company will show in time. Story byIoanna Lykiardopoulou Ioanna is a writer at TNW....

July 17, 2024 · 1 min · 93 words · Nathan Davis

DeepL launches new LLM that ‘outperforms’ Google Translate, ChatGPT

Since its launch in 2017, DeepL has successfullyrivalled machine translation giantssuch as Google Translate. In alignment with the unicorns technology development strategy, the new LLM is specifically built for translation and editing. Unlike general purpose models, the LLM doesnt rely on the internet for training. Rather, it uses DeepLs proprietary data, tailored for content creation and translation. Language experts also took part in the AI models training, tutoring it in terms of translation quality....

July 17, 2024 · 1 min · 197 words · Melissa Morales

TNW Podcast: Ariane 6 brings hope; how European companies use AI

Youll also hear a panel discussion Andrii moderated a few weeks ago at thePendomonium + #mtpcon Roadshowin Amsterdam. 40% off TNW Conference! Feel free to email us with any questions, suggestions, and opinions atpodcast@thenextweb.com.

July 17, 2024 · 1 min · 34 words · Vincent Ballard

UK scaleup Huma launches ‘Shopify-like’ platform for digital health tools

Founded in 2011, Huma has been working with national healthcare providers and big pharma. Now, with the Huma Cloud Platform, the scaleup is bringing its technology to external customers. It’s free, every week, in your inbox. The platform will also support Humas existing regulated products. According to Huma, its technology has been used by more than 3,000 hospitals and clinics to date. Thestartupcounts 1.8 millions active users across its products in over 70 countries....

July 16, 2024 · 1 min · 142 words · Linda Berry

Yandex founder launches new Amsterdam-based AI venture after Russia divestment

Yandex founder Arkady Volozh is building a cloud service platform for developers to train artificial intelligence models. Named Nebius Group, the company says its aim is to become a European global leader inAIinfrastructure. Yandex was a rare Russian tech success story. Volozh says his new venture, which will employ 1,300 people, will house mostly former Yandex employees. Indeed, the founder described the team of engineers over 1,000 as the companys greatest asset....

July 16, 2024 · 2 min · 272 words · Joseph Collins

French AI startup launches first LLM built exclusively for advertising copy

French startupAdCreative.aihas launched a new large language model build exclusively for advertising. AdCreative.ai said the LLM combines two unique features: instant text generation and accurate performance prediction. Working withNvidia, the startup trained the model on real-life ad copy. 40% off TNW Conference! It also incorporates performance metrics such as click-through rates (CTRs). AdCreative.ai tested the impact on 10,000 real ad texts. According to the company, the system predicted their performance with over 90% accuracy....

July 15, 2024 · 1 min · 186 words · Denise Dillon

How Europe’s universities are using AI to battle dementia

The condition affects over55 million peopleworldwide, with nearly 10 million new cases every year. Dementias most common throw in, Alzheimers disease, contributes to 60%-70% of all cases. Globally, the cost of the disorder on healthcare systems reached$1.3tnin 2019. The psychological cost is even higher. Suffering from the disease may triggerdepression and anxiety. Let alone the indescribable emotional impact of seeing a loved one disappear right in front of your eyes....

July 15, 2024 · 2 min · 233 words · Marie Rivers MD

UK solar tech scaleup Naked Energy raises £17M for global expansion

UK-based Naked Energy has raised 17mn in a Series B round to boost the global expansion of its solartechsolutions. The scaleup has developed a pair of modular solar collectors, called Virtu. It claims they are four times more efficient at offsetting emissions compared to conventional solar PV panels. The VirtuHOT collector usessolarthermal technology to heat water from the power of the sun to up to 120C. The VirtuPVT collector combines solar thermal technology and photovoltaics (PV) to generate both heat and electricity....

July 15, 2024 · 1 min · 195 words · Mark Lester

SoftBank snaps up troubled British AI chip developer Graphcore

Japanese tech group SoftBank has acquired yet another British chip player. Intelligence processing units Graphcore builds intelligence processing units, or IPUs. The company has designed the processors from the get-go to optimise machine learning and AI workloads. They have a massively parallel architecture which significantly enhances AI performance compared to CPUs and even GPUs. 40% off TNW Conference! So at first glance, it would seem SoftBank has made a good deal....

July 12, 2024 · 1 min · 133 words · Sophia Jordan

The Best Team In Baseball Sweep The Not Bad LA Dodgers While Never Trailing For A Single Inning All Series

ARE YOU NOT ENTERTAINED!!! A complete sweep at the Bank in which The Fightins didn’t even fall behind - ONCE. Everyone and anyone is stepping up for this squad. The man just shows up and games. Especially against one of the best squads in the majors. Wait…but I thought the Phillies couldn’t beat teams with a record over .500??? Remember when that was not only a, but THE thing??? But say that to the Dodgers and Braves of the past few season....

July 12, 2024 · 1 min · 170 words · Kelsey Jensen

Today’s ethical dilemmas are being decided by tech bros. How can they keep their compass straight?

Take these examples: Space is quickly becoming thenext battleground for geopolitics and private companies are nowdominatingcosmic exploration. Military conflicts are beingdefinedby cutting-edge technologies that bring down costs and increase manufacturing capabilities. Geoengineeringwill probably try and reverse human-caused environmental degradation (solar shieldsare just one example). 40% off TNW Conference! So how do founders figure out the lines in the sand in a sector they themselves are carving out? When government expediency and sometimes lethargy mean the rules are still unwritten?...

July 12, 2024 · 2 min · 297 words · Mark Hall