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Businesses are already being radically transformed by artificial intelligence (AI). Tools now exist that offer instantaneous, high-quality results in improving certain operations without the burden of high costs or delays. In fact, generative AI could completely upend the traditional ways that we measure success in business. Generative AI refers to programs that produce high-quality text, […]
Baller League — a new six-a-side football league that has attracted support from legends like Ronaldinho, Gary Lineker, and Luis Figo — has raised $25mn from EQT Ventures as it looks to initiate a “new era” for the beautiful game. German entrepreneur Felix Starck co-founded the Baller League last year alongside former players Mats Hummels […]
If you live in Europe and you use a neobank, you’ve likely been interacting with Upvest’s investment products without even knowing it. The Berlin-based startup runs a stock-trading API that integrates into some of the biggest fintechs in Europe — Revolut, N26, Bunq, Plum, Raisin, Shares and Vivid. Through these banks, some 50 million users […]
Just two weeks since raising $125mn in funding, British scaleup Tokamak Energy has secured backing from the US and UK to upgrade its ST40 fusion energy plant. The US Department of Energy (DOE), the UK’s Department of Energy Security and Net Zero (DESNZ), and Tokamak Energy will jointly sponsor a $52mn upgrade to the fusion […]
It’s been a tough year for air taxi startups. The UK’s Vertical Aerospace is running short of cash, while Germany’s Lillium faces bankruptcy. Targets for commercialisation keep getting extended. Investors are hesitant to commit. The reason for all the struggles is pretty simple. Building, certifying, and commercialising brand-new aircraft designs like electric vertical take-off and […]
London-based startup Lighthouse just raised a hefty $370mn from American investment giant KKR at a valuation of over $1bn, making it Europe’s latest unicorn tech company. The funding will supercharge the company’s ambitions to shake up the $15bn travel tech market. What’s on the to-do list? Refining its AI tools, expanding globally, and snapping up […]
Amsterdam-based startup Sympower has secured €21mn as it looks to scale its grid-balancing technology. Sympower partners with businesses that use a large amount of electricity. It gains access to some of their energy assets and can turn them on and off when the grid requires balancing — a process called demand response. Sympower’s software platform […]
German startup Marvel Fusion and Colorado State University have broken ground on a $150M laser facility in a bid to commercialise fusion energy. Dubbed ATLAS, the facility will use three ultra-high intensity lasers to fire 7 petawatts of power — over 5,000 times the electrical generation capacity of the US — at a target roughly […]