Climate tech gets 70% of ‘built world’ VC investment, report finds

Dec05
by on December 5, 2023 at 12:01 am
Posted In: Uncategorized


We have all seen the gloomy headlines over the past week. VC funding for European tech startups will have dropped by a whopping $45bn in 2023. However, some sectors, such as build world climate tech are faring… less horribly than others.  Specifically, a new report by sustainability investor A/O released today has found that despite the global downturn, climate tech is attracting as much as 70% of built world VC investment — up from around only 20% five years ago. In addition, investment in early stage rounds in European startups in the sector has, for the first time, exceeded that…

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Ariane 6 rocket set to restore Europe’s space access next year

Dec01
by on December 1, 2023 at 2:52 pm
Posted In: Space


The European Space Agency’s Ariane 6 rocket is scheduled for its debut launch in mid-2024, its director Josef Aschbacher announced yesterday. The news follows a successful hot-fire test on November 23 at Europe’s spaceport in French Guiana. The term ‘hot-fire’ refers to the fact that the engine is fired with its propellants, producing actual combustion and exhaust. The only difference from an actual launch is that the boosters are not ignited — keeping the rocket firmly planted to the ground. “With the latest test complete, Ariane 6 has been through the essential rehearsals required for qualification,” said Aschbacher on X,…

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TikTok pledges €12B European investment as Norway data centre nears completion

Dec01
by on December 1, 2023 at 11:13 am
Posted In: Uncategorized


TikTok has promised to invest €12bn as part of an ongoing push to appease European regulators, who have raised suspicions that the app’s user data is being monitored by the Chinese government. In response to repeated allegations of this nature, the short-form video app launched Project Clover in March. While it might sound like a secret military sting operation, the programme is pretty mundane.  Essentially, Project Clover aims to build three massive data centres on the continent to keep European user data in Europe — and “within reach” of local authorities.    Yesterday, TikTok pledged €12bn over the next 10 years…

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Silo AI releases checkpoint on mission to democratise LLMs

Dec01
by on December 1, 2023 at 9:30 am
Posted In: artificial intelligence


A year has passed since OpenAI unleashed ChatGPT on the world and popularised terms like foundational model, LLM, and GenAI. However, the promised benefits of generative AI technology are still much more likely to be derived by those who speak English, over other languages.  There are over 7,000 languages in the world. Yet, most large language models (LLMs) work far more effectively in English. Naturally, this threatens to amplify language bias when it comes to access to knowledge, research, innovation — and competitive advantage for businesses.  In November, Finland’s Silo AI released its multilingual open European LLM Poro 34B developed…

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Is Next.js right for you? Here are the top 5 Performance Benefits

Nov30
by on November 30, 2023 at 5:07 pm
Posted In: Future of Work


This article was originally published on .cult by Tharaka Romesh. .cult is a Berlin-based community platform for developers. We write about all things career-related, make original documentaries, and share heaps of other untold developer stories from around the world. Next.js is a flexible React framework that plays an exciting role in today’s fast-paced web development world. Its importance in the evolving landscape of web development cannot be overstated. Thanks to its combination of server-side rendering, static site creation, and client-side rendering capabilities, more and more engineers choose it. By providing an organised and efficient development environment Next.js accelerates the process…

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