Only 5% of $22B in VC funding for generative AI went to Europe

Sep15
by on September 15, 2023 at 4:38 pm
Posted In: Insider


European startups got just $1bn of the €22bn that VCs have invested in generative AI since 2019, according to data from Dealroom. Unsurprisingly, American companies attracted the bulk of the money. A whopping $20bn — 89% of the global total — went to US startups. Their Asian counterparts raised only $790mn, while the rest of the world combined bagged just $454mn. Dealroom’s data collection ended on July 10, 2023. US startups have raised 89% of globally GenAI investment 😳 In the last decade, venture capital has gone global. More than half of VC investment is now raised outside the US.…

This story continues at The Next Web

└ Tags: , , , , , , , , , ,
 Comment 

NASA and the ESA edge closer to explaining the Sun’s mysterious heat

Sep15
by on September 15, 2023 at 12:55 pm
Posted In: Insider


Two spacecraft have taken a giant leap towards explaining the Sun’s engimatic heat. The collaboration between NASA and the European Space Agency (ESA) explored an enduring mystery. In theory, the sun’s atmosphere — the corona — should be cooler than its surface. This is because the Sun’s energy comes from the nuclear furnace in its core. As the corona is further away from this heat source, logic should dictate that it’s cooler. In reality, that’s not the case. The sun’s surface is “only” around 6,000 degrees Celcius. The corona, meanwhile, is a whopping 1 million degrees — over 150 times hotter.  To…

This story continues at The Next Web

Or just read more coverage about: NASA

└ Tags: , , , , ,
 Comment 

Improving driver monitoring systems: The case for synthetic data

Sep15
by on September 15, 2023 at 11:45 am
Posted In: Uncategorized


Driver monitoring systems (DMS) that assess alertness behind the wheel are rapidly becoming the leading automotive safety feature across the globe. In the EU for example, vehicle safety regulator EuroNCAP is requiring all new cars to incorporate a DMS in order to comply with its safety rating. Amidst this push, startups are benefiting from business opportunities in the DMS space, offering solutions that range from heartmetrics to onset sleep detection. Among them, Swedish Devant is tapping the potential of synthetic data. Launched in 2021, the startup generates synthetic data of lifelike digital humans to support the training, validation, and testing…

This story continues at The Next Web

└ Tags: , , , , , , , , ,
 Comment 

UK chip designer Arm valued at $50B ahead of today’s IPO

Sep14
by on September 14, 2023 at 9:39 am
Posted In: UK


And thus, after months of anticipation and speculation, the day of Arm’s IPO is upon us. The SoftBank-owned chip design company will begin trading in New York today, Thursday, with shares priced at $51 (€47.51) apiece. This gives Arm a valuation of $52.3bn (€48.7bn).  Japanese SoftBank intends to hold onto just above 90% of the company. Still, the heavily oversubscribed round is set to raise about $4.9bn for Arm’s owners. Big tech customers of Arm’s designs have shown a massive interest in buying shares, and the banks underwriting the listing closed orders on Tuesday, a day earlier than originally planned. …

This story continues at The Next Web

└ Tags: , , , , , , , ,
 Comment 

EU president: Europe is the ‘global pioneer’ of citizen’s digital rights

Sep13
by on September 13, 2023 at 2:12 pm
Posted In: Insider


Europeans have become “pioneers in online rights” and now want to lead a “global framework for AI,” the EU’s top official said today. Ursula von der Leyen, the European Commission’s president, revealed the bloc’s digital plans during her State of the Union address in Strasbourg. She used the speech to flaunt the achievements of her three-year reign. A particularly large spotlight was shone on her tech policies. “We have set the path for the digital transition and become global pioneers in online rights,” von der Leyen said. The former German defence minister praised the bloc’s work on semiconductor self-sufficiency, which centres on the Chips…

This story continues at The Next Web

└ Tags: , , , , , , , , , , ,
 Comment