New AI technique detects money laundering via cryptocurrencies
Blockchain is often criticised as a solution in search of a problem. But one group of people has already found immense value in the tech: money launderers. Their crimes cause…
TNW Podcast: Alexandra Balkova on the state of VC; AI compute for everyone
Welcome to the new episode of the TNW Podcast — the show where we discuss the latest developments in the European technology ecosystem and feature interviews with some of the…
Vinted posts first-ever annual profit after 61% revenue growth in 2023
Vinted, the popular online marketplace for second-hand fashion, has announced its first-ever annual profit. The milestone follows a strong 2023, reaching €596.3mn in revenue — a 61% increase compared to…
Dutch startup to test hearing via brain-computer interface
MindAffect, a Netherlands-based healthtech startup, has raised €1.1mn to bring its hearing diagnostics technology to market. A spinout from Radboud University, MindAffect has developed a patented brain computer interface (BCI)…
Vega-C rocket to launch Europe and China’s first entirely joint space mission
The European Space Agency (ESA) has secured a ride for its solar wind satellite. The Solar wind Magnetosphere Ionosphere Link Explorer — or Smile for short — will blast into…
French startup bags €2M to make cancer clinical trials more accessible
Paris-based Klineo has raised €2mn for its AI platform that facilitates access to cancer clinical trials. Klineo’s platform connects doctors and patients directly with relevant clinical trials. It provides trial…
OpenAI to train LLMs on Financial Times content — with permission
The Financial Times (full disclosure — the owners of The Next Web) have inked a deal with OpenAI. The American firm will use the British publisher’s content to train its…
New UK cybersecurity law will make weak passwords a thing of the past
Under the UK’s new cybersecurity law, consumer smart devices can no longer allow the use of weak, easy-to-guess passwords, such as “admin” or “12345.” This is part of a set…
Polestar unveils ‘world’s first’ 10-minute charge EV prototype
Polestar has successfully charged its upcoming EV model in just 10 minutes. The Swedish car maker achieved the feat using a “silicon-dominant” battery built by Israeli startup StoreDot. Polestar installed…
Study shows ‘benevolent sexism’ in startups widens the gender gap
Our understanding of the challenges women face in the startup ecosystem is limited. Past research has focused on overt negative sexist attitudes that question women’s competence and suitability for entrepreneurship.…
Why Lithuania is a hidden gem of Europe’s startup ecosystem
In 2022, over 20,000 Lithuanians returned to their country of birth from abroad. A high quality of life coupled with a booming entrepreneurial ecosystem and a collaborative mentality has contributed…
DeepL launches AI writing assistant for businesses trained on its own LLM
DeepL, which has been rivalling machine translation giants such as Google Translate and Microsoft Translator, has launched an AI writing assistant tailored for businesses. Dubbed DeepL Write Pro, the product…