Germany to launch a sovereign tech fund to safeguard the internet
The move aims to secure the nuts and bolts of Internet infrastructure that are currently controlled by the United States.
Germany is set to launch a sovereign tech fund to support the open source software that underpins the internet, according to reporting in Science Business. The move is prompt... Read more
Mondu raises $43M in series A which Valar led in the US
Mondu, a Berlin-based buy-now-pay-later company, has secured funding of $43 million in a round carried out by Valar Ventures in the US.
Considering the global recession, SMBs have started to reach new heights for financing. Hence, Mondu, a Berlin-based company with a BNPL model, has quickly expa... Read more
German manufacturer “Rheinmetall” has five years supply of chips
Germany's Rheinmetall ramped up its electronic components and semiconductors inventory and has chip supplies that can last five years or so easily.
According to Rheinische Post, chip supplies made by arms manufacturer Rheinmetall could last five or more years after spending 500M Euros (approxima... Read more
SK Telecom and Deutsche Telekom collaborate to bring metaverse to Europe
SK Telecom and Deutsche Telekom are working together to introduce the ifland metaverse to Europe and are considering forming a joint company to run the new service, according to SK Telecom.
On Thursday at the German telecommunication company's headquarters in Bonn, top executives from the corpor... Read more
Germany seeks to tempt chipmakers with 14 billion euros in state aid
The move seeks to help core German industries such as automobile production.
Germany's government wants to attract chip makers with 14 billion euros in state-funded support, according to Reuters. Economy Minister Robert Habeck said that the lack of semiconductors used in everything from smartpho... Read more
Car rental giant Sixt shut down following cyberattack
Car rental giant Sixt has been hit by a cyberattack. Non-essential systems were shut down in defence.
Germany's Sixt rents out cars from over two thousand locations in more than 100 countries. On 29 April, the organization shut down parts of its IT infrastructure to prevent a cyberattack. Only e... Read more
The European wind energy industry is facing a slew of cyberattacks
Since the start of the crisis in Ukraine, cyberattacks on three European wind-energy businesses have prompted fears that Russian-friendly hackers are attempting to wreak havoc in a sector that stands to profit from attempts to reduce reliance on Russian oil and gas.
The hacked firms haven't offi... Read more
Artificial intelligence (AI) skills gap throughout Europe: IBM study
As per IBM research, the technology sector across Spain, Germany, and the UK struggle to find workers having adequate AI experience or skills.
The AI experience or skills gap throughout Europe endangers digital innovation and curbs economic growth. More than 20% (a quarter) of technology recruit... Read more
Intel invests 33 billion euros in European chip industry
Intel is pumping 33 billion euros into European chip factories, research sites and projects.
In 2021, Intel promised an 80 billion euro investment plan for European chip production. Today, after weeks of radio silence, Intel confirmed new details.
Intel is dividing 80 billion euros into sever... Read more
Germany is funding the development of home-grown quantum systems
A new project aims to make quantum computers the next big thing to be "Made in Germany"
Germany is investing heavily in quantum computing with the foundation of the QSolid project, according to a report in The Register. The new project aims to build a complete quantum computer based on cutting-e... Read more