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Terra Quantum has today revealed its TQ42 Cryptography library — an open-source suite of quantum-resistant algorithms designed to help developers and businesses protect data from current and future cybersecurity threats. The new cryptography library provides developers with post-quantum algorithms and security and key management functions. They can be used across a range of applications,...
France’s budding AI scene has received another boost from a big investment in the startup Holistic. Amid the celebrations, however, the sale of medtech firm Sonio has added a warning about the dangers of success. The Holistic funding was revealed by Bloomberg on Tuesday. The Paris-based firm has reportedly raised $200mn (€186mn) in a round that values the company at $370mn (€344mn). Holistic has...
An AI scanning your bank transaction data entails a level of invasiveness that I find difficult to accept — let alone embrace for my own transaction information. But the technology could bring merits, at least in the lending world. Enter Abound. The London-based startup has just raised £800mn for its lending platform that uses AI to determine loan amounts. Dubbed Render, Abound’s AI analyses...
Reuse Brew is a classic German lager with a twist — it’s made from recycled wastewater. The beer is the result of a tie-up between the south German city of Weissenburg, American water tech company Xylem, and the Technical University of Munich (TUM). Specifically, TUM’s Brewery and Beverage Technology department (why didn’t I study there?!). While the idea of a sewage brew might be hard to...
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 the previous forecast of €16bn, plus or minus €500mn. In the second quarter of 2024, Infineon saw a 2% drop in revenue compared to the previous quarter...
Wayve, a London-based startup working on AI systems for autonomous vehicles, has raised $1bn. The colossal funding round marks the largest single investment in a European AI startup. Japanese conglomerate SoftBank led the funding round alongside tech giants Nvidia and Microsoft. Wayve did not disclose its valuation following the investment. Founded in Cambridge in 2017, Wayve is developing so-...
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 mimic is also throwing its hat in the ring. The startup has raised a pre-seed round of $2.5mn (€2.3mn) to bring the first GenAI-powered collaborative...
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 Android. The POS also features additional modules, including reservations, QR ordering, and kitchen screens. “This flexibility towards the user...
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 conduct electricity, these solar panels utilise organic molecules. Organic solar cells are very lightweight, cheap, semi-transparent, printable, and...
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 companies fit into existing laws governing technology companies. In contrast, the EU approach, as White...