• European VC fundraising on pace for lowest total since 2015, study finds

    European VC fundraising on pace for lowest total since 2015, study finds
    It’s been a tough start to the year for tech investments. According to a new report, European VC fundraising is on pace for its lowest annual total since 2015. Research by PitchBook, a financial data firm, found that European VC funds raised over €20bn in each of the past four years — but only €3.4bn in Q1 2023. Total VC deal value fell 32% quarter-over-quarter (QoQ) to €11.8bn. Deal count, meanwhile, dropped 19%. Pitchbook called the quarter “the first substant
  • EU lawmakers fear AI is moving too fast — and call for global oversight

    EU lawmakers fear AI is moving too fast — and call for global oversight
    A group of 12 Members of the European Parliament working on the EU’s upcoming AI Act, are rallying for a set of preliminary rules to control the advancement of AI systems. They warn that technological progress is “faster and more unpredictable” than expected. “The recent advent of and widespread public access to powerful AI, alongside the exponential performance improvements over the last year of AI trained to generate complex content, has prompted us to pause and reflec
  • Are these hydrogen-electric RVs the answer to emissions-free holidays?

    Are these hydrogen-electric RVs the answer to emissions-free holidays?
    Not too far in the future, camper lovers could be going on holidays that are much kinder to the very nature they are looking to enjoy. At the beginning of this week, London and Vancouver-based startup First Hydrogen revealed the design for its next-generation zero-emission Recreational Vehicle (RV).  The concept has been developed in collaboration with Switzerland-headquartered EDAG Group. Its introduction follows the presentation of First Hydrogen’s next-generation light commercial
  • Prompt engineering could be the hottest job in tech, with a paycheck to match

    Prompt engineering could be the hottest job in tech, with a paycheck to match
    Everybody can breathe out. Next generation artificial intelligence isn’t the existential threat to tech jobs the AI doomers imagined it would be. In fact, Natural Language Processing (NLP) tools such as OpenAI’s ChatGPT, Google Bard, and Bing Chat are not only revolutionising how we access and share information, they’re shaking things up in tech recruitment, too. This fast-changing landscape is spawning tons of new opportunities, and among them is the highly specialised role o
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  • UK can rejoin Horizon without paying for last two years, says EU

    UK can rejoin Horizon without paying for last two years, says EU
    The UK has been told it won’t have to pay for the two years it had been out of the EU’s Horizon research programme — removing a big barrier to rejoining the €95.5bn scheme. Britain had been locked out of Horizon because of a post-Brexit dispute over trade in Northern Ireland. The recent Windsor Framework deal had opened the door to reentry, but talks have stalled over the financial terms. The British government argues that its contributions to the seven-year innovation sc
  • The new wave of climate tech startups capturing carbon across Europe

    The new wave of climate tech startups capturing carbon across Europe
    When Russia invaded Ukraine in February last year, work stopped at thousands of Ukrainian businesses – including carbon capture-focused startup Carbominer.  As tanks approached the capital Kyiv, inhabitants of the city, including employees of the company, were forced to flee for their own safety. Among them was Viktoria Oseyko, chief marketing officer, and her father Nick, founder and chief executive officer of Carbominer. But Ukraine soon retook control of the area. “When the

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