• Yandex founder launches new Amsterdam-based AI venture after Russia divestment

    Yandex founder launches new Amsterdam-based AI venture after Russia divestment
    Yandex founder Arkady Volozh is building a cloud service platform for developers to train artificial intelligence models. Named Nebius Group, the company says its aim is to become a European global leader in AI infrastructure.  The launch follows news from yesterday that Yandex had successfully sold its Russian assets in a $5.4bn deal, in what constitutes the largest corporate exit from the country since the start of the full-scale invasion of Ukraine over two years ago.  Yandex was a
  • UK AI startups are now worth $256B, says report

    UK AI startups are now worth $256B, says report
    UK-based AI startups are now worth $256bn, according to new data from Dealroom and HSBC Innovation Banking. They also account for 22% of the country’s innovation ecosystem value — up from 12% in 2019. In the first half of 2024, startups in the field raised $2.1bn. And this amount is projected to more than double in the coming five months. This means they’re on track for another record-breaking year, following a $4.1bn total investment in 2021. The leading AI rounds span a wide
  • UK scaleup Huma launches ‘Shopify-like’ platform for digital health tools

    UK scaleup Huma launches ‘Shopify-like’ platform for digital health tools
    UK-based Huma has launched today the Huma Cloud Platform, a “Shopify-like” tool for the healthcare ecosystem to design, build, and launch digital health services. “The digitalization of the healthcare ecosystem is a transformative force that is reshaping how we deliver and experience healthcare and how we conduct research,” Dan Vahdat, founder and CEO of Huma, told TNW. Founded in 2011, Huma has been working with national healthcare providers and big pharma. Its technolo

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