Google to pay €3.2M yearly fee to German news publishers

Oct13
by on October 13, 2023 at 1:49 pm
Posted In: Uncategorized


Google has agreed to pay German publishers €3.2mn per year for publishing their content on its News search engine. The compensation is part of an interim agreement between the tech giant and Corint Media, pending a decision by the German Patent and Trademark Office (DPMA), which will determine the final (and potentially higher) amount. Corint Media is a European corporation that represents the rights of over 500 German and international media companies, including Axel Springer, Al Jazzeera, France 24, and CNBC Europe. The corporation has long been disputing Google’s “unlawful” use of press content without paying any compensation. Having initially…

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VC funding in Europe rose in Q3 2023, but favoured late-stage startups

Oct13
by on October 13, 2023 at 11:15 am
Posted In: Insider


In the third quarter of 2023, European startups raised $16.4bn (€15.6bn) in VC funding — a 28% increase quarter over quarter. The findings are based on an analysis by Crunchbase, which also unveiled that the fresh capital has mostly favoured late-stage rounds. In contrast, funding for seed and early-stage companies hit its lowest points since Q3 2022. Specifically, late-stage funding doubled quarter over quarter, reaching $10.5bn (€10bn) in total. Notably, VCs invested large sums in the sustainable energy sector, with big rounds raised by Sweden’s H2 Green Steel, battery manufacturers Northvolt and Verkor, and London-based battery storage startup Zenobe Energy.…

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GG Microsoft! UK clears $69B Activision Blizzard deal

Oct13
by on October 13, 2023 at 10:47 am
Posted In: gaming


After a lengthy process of regulatory scrutiny, the biggest deal in gaming history finally has the all-clear. Today, the final hold-out in the saga, the UK’s CMA, said it had approved Microsoft’s acquisition of Activision Blizzard, after the parties had made “gamechanging” amendments to the terms.  The antitrust watchdog stated it had been swayed by Activision’s agreement to sell its streaming rights to Ubisoft Entertainment. What this effectively means is that its blockbuster video games will not become exclusively available via streaming to Microsoft Xbox gamers following the takeover.  “The new deal will stop Microsoft from locking up competition in…

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New technique makes AI hallucinations wake up and face reality

Oct12
by on October 12, 2023 at 1:51 pm
Posted In: Uncategorized


Chatbots have an alarming propensity to generate false information, but present it as accurate. This phenomenon, known as AI hallucinations, has various adverse effects. At best, it restricts the benefits of artificial intelligence. At worst, it can cause real-world harm to people. As generative AI enters the mainstream, the alarm bells are ringing louder. In response, a team of European researchers has been vigorously experimenting with remedies. Last week, the team unveiled a promising solution. They say it can reduce AI hallucinations to single-figure percentages. The system is the brainchild of Iris.ai, an Oslo-based startup. Founded in 2015, the company…

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Taiwan’s semiconductor suppliers plan to invest in European chip factories

Oct11
by on October 11, 2023 at 2:48 pm
Posted In: Insider


Amid the global race for semiconductor chips, Taiwanese suppliers are considering investing in Europe, the Financial Times reports. “We are planning investments in Germany, and the European market is going to be ours,” Vincent Liu, president and chief executive of LCY Group, told the newspaper. The company supplies cleaning agents and solvents to Taiwan Semiconductor Manufacturing Co (TSMC) — the world’s biggest contract chipmaker. Alongside LCY Group, three more chemicals suppliers to TSMC said they’re eyeing investments in Europe. The interest appears to be related to the emergence of the first advanced chip factories in the bloc — a move…

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