AI Act: Europe is blind to the law’s innovation problems
For Europe, the AI Act is all about gaining trust. Companies and residents of the EU must be assured that available AI tools do not pose a risk to privacy, for example. The EU says it has perfectly reconciled this goal with the ability to innovate. This can be seen in the milder rules that st... Read more
‘European AI start-ups need guidance on how to use supercomputers’
The European plan to give AI start-ups access to supercomputers first appears to face another challenge. It appears the start-ups lack the knowledge to harness the capabilities of a supercomputer.
In September, Europe launched the initiative to make supercomputers accessible for AI start-ups fr... Read more
European tech startups hire 40 percent fewer staff
European startups in the tech industry are hiring about 40 percent fewer staff than last year, in turn bringing down salary increases. Staff retention is thus becoming more important, writes Tech Europe based on a report by HR tech specialist Ravio.
According to the report, hiring large amounts ... Read more
EU launches plan to give AI startups access to supercomputers
To give AI startups in Europe a better chance, the European Union is making supercomputers available. However, AI startups must comply with the upcoming AI Act to use the devices.
European Union supercomputers will soon be deployable by a wider audience. Namely, startups can use the devices to ... Read more
HPE sets up partnerships to support more startups
HPE aims to create more equity for cloud access with the newly announced HPE Diversity Startup Program. In partnership with Alpha3 Cloud, HPE launched the initiative that supports women and minorities. It is also expanding SMB(small/medium business) plans to include more partnerships with U.S. univ... Read more
‘EU startups on track to raise $85B, down from $100B+ in 2021’
This is the region's second consecutive year of decline following a record-breaking 2021.
London-based venture capitalist Atomico analysed the startup investment landscape in Europe. The report highlights an immense concentration of venture capital activity. Just three countries – the UK, Ge... Read more
Venture capitalist EQT launches €1.1 billion fund to boost tech startups
Sweden's EQT Ventures is on the lookout to scale European startups through its recent €1.1 billion fund.
Many companies are struggling to find adequate funding as investors have a reduced appetite for funding startups. However, some are in luck due to the long-term funding of venture capitalis... Read more
€500 million startup Yokoy expands from Amsterdam to Spain
Yokoy announced an expansion into Spain. Earlier this year, the startup opened an office in Amsterdam to storm the European market. According to CNBC, the three-year-old company was recently valued at €500 million.
Yokoy develops spend management software. Clients use the technology to record... Read more
SentinelOne launches €101 million startup investment fund
SentinelOne launched S-Ventures, an investment fund for promising startups in security and data.
The initial fund features $100 million (€101 million) for investments in solutions that help companies solve important challenges. S-Ventures is looking for startups of all stages that can bring i... Read more
Former Qualcomm VP indicted for multi-million dollar fraud scheme
Karim Arabi, the former vice president of research and development at Qualcomm, faces fraud charges for the sale of his startup to Qualcomm. Arabi allegedly developed and monetized Qualcomm's intellectual property while employed by the chip giant. His startup was sold in 2015 for €145 million ($1... Read more