German chip giant lowers 2024 forecast as electronics slowdown bites
Infineon, one of the biggest chip makers in Europe, has lowered its revenue outlook for the year, citing “weak” demand from its major target markets. The German company is now…
UK’s Wayve raises $1B in Europe’s largest ever AI funding round
Wayve, a London-based startup working on AI systems for autonomous vehicles, has raised $1bn. The colossal funding round marks the largest single investment in a European AI startup. Japanese conglomerate…
Swiss startup to advance collaborative robots with GenAI humanoid hand
The power of generative AI has further ignited the race for advanced humanoid robots, promising more capable machines that can learn and deal with unknown environments and challenges. Amid increasing…
Tilburg’s Mr. Winston raises €600K for its hospitality POS system
Tilburg-based Mr. Winston has raised €600,000 to further develop its hospitality POS system and expand into more markets. Founded in 2015, the startup provides a cloud-based POS solution that can…
Swedish startup wins EU funding to print organic indoor solar panels
The EU has granted €3.3mn to a consortium led by Swedish startup Epishine. The group’s mission is to boost the development of organic solar panels. In this case, organic refers…
Humanity faces two existential crises — the climate crisis and AI. Can one help solve the other?
As I write this, two contrasting regulations on the development of artificial intelligence — namely generative AI — are making their way through the European and British parliaments. The British…
This startup is using protein powder to beef up carbon capture
A British startup has devised a way to speed-up enhanced rock weathering using protein powder in a potential step forward for the budding carbon capture industry. Enhanced rock weathering (ERW)…
This week in Dutch tech
Friday is here and so is TNW’s weekly round-up of tech news from our glorious home country. This week saw advances in medtech, quantum breakthroughs, and calls to further boost…
Uber rival Bolt secures €220M in prep for IPO
Estonian mobility startup Bolt has secured a €220mn credit facility as it plans to go public next year. This type of financing is a more flexible loan option, which allows…
Deeptech VC raises €300M in push for ‘semiconductor supremacy’
Flemish venture capital firm Imec.xpand has raised €300mn to invest in deeptech startups. The VC is a spinoff from Leuven-based Imec, one of the world’s largest microelectronics research institutions. The…
AI-powered ‘deep medicine’ could transform healthcare in the NHS
Today’s NHS faces severe time constraints, with the risk of short consultations and concerns about the risk of misdiagnosis or delayed care. These challenges are compounded by limited resources and…
Europe is falling behind in the race to develop space-based solar power
When the EU approved the European Green Deal in 2020, the bloc unveiled a plan to lead the clean energy transition. Yet it has since faced growing competition from both…