5 ways the EU’s bold new startup plan could boost its tech ecosystem

May28
by on May 28, 2025 at 3:58 pm
Posted In: Uncategorized


The European Commission has unveiled ambitious plans to cut red tape and make the EU a more attractive place for tech businesses to scale.  Launched today, the EU Startup and Scaleup Strategy comes as the bloc scrambles to attract and retain tech startups amid stiff competition from the US and Asia.  Under the new initiative, the EU has laid out a five-point plan to close the gap with its rivals. It’s also in talks to deploy a public-private fund of at least €10bn under the new strategy, Reuters reports.  Here’s the lowdown: 1. Making rules less painful European startups regularly…

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Elon Musk’s Grok chatbot banned by a quarter of European firms

May27
by on May 27, 2025 at 3:04 pm
Posted In: Uncategorized


A quarter of European organisations have banned Elon Musk’s generative AI chatbot Grok, according to new research from cybersecurity firm Netskope.  In contrast, the most popular AI app, ChatGPT, is only blocked by 9.8% of organisations in Europe. The runner-up, Google’s Gemini, is banned by 9.2%. Grok has been under the spotlight recently for a string of blunders. They include spreading false claims about a “white genocide” in South Africa and raising doubts about Holocaust facts.  Such mishaps have raised concerns about Grok’s security and privacy controls. The report said the chatbot is frequently blocked in favour of “more secure…

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Germany’s ‘Young Elon’ admires Musk — but wants to beat his Tesla bot

May26
by on May 26, 2025 at 3:52 pm
Posted In: Insider, robots


David Reger, founder and CEO of Munich-based Neura Robotics, is building humanoid robots — and a reputation with a touch of déjà vu. In the German press, he’s sometimes dubbed the “Young Elon Musk.”  It’s a nickname Reger embraces, despite all of the controversy surrounding the world’s richest man. “For me, it’s a positive, not a negative,” he told TNW in an interview. “I respect how Musk builds companies, how successful he is, how fearless he is to drive things further.” Musk’s politics, Reger continues, aren’t the focus of his admiration. “I’m just thinking about technological advancement and how to…

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The digital nomad dream has a dark side

May24
by on May 24, 2025 at 6:30 pm
Posted In: Future of Work


Sophie Rucker had been living and working in London for five years when a trip to a yoga training school in Bali presented her with an alternative to the rat race. Despite enjoying life in London, witnessing digital nomads balance work with sun, sea, and relaxed vibes in the Indonesian island province prompted her to pursue more freelance work.  At the start of 2020, having set herself up as a communications strategist for NGOs and social impact organisations, Sophie quit her permanent role and moved to Bali. Despite the uncertainty of the progressing pandemic, she found the space she needed…

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Builder.ai collapse exposes dangers of ‘FOMO investing’ in AI

May23
by on May 23, 2025 at 3:09 pm
Posted In: Uncategorized


The collapse of Builder.ai exposes the growing threat of “FOMO investing,” according to an expert in tech growth intelligence. Builder had become one of Britain’s best-funded startups, but is now filing for bankruptcy due to financial problems. The insolvency comes after enormous sums were invested into the business. Big-name backers including Microsoft and Qatar’s sovereign wealth fund had poured a total of over $500mn into the startup, which aimed to simplify software development with AI. The funding gave Builder a coveted unicorn status, with a valuation exceeding $1.3bn. But the eye-watering sums couldn’t keep the business afloat. Builder blamed the…

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