Why European startups should consider moving to Dubai

Sep30
by on September 30, 2024 at 7:22 am
Posted In: Uncategorized


Dubai is a city on the rise. The first nine months of 2023 saw its Gross Domestic Product (GDP) increase by 3.3%, while in the same period, its information and communications sector shot up by 4.4%. Alongside its prolonged economic success, the city has also become a haven for startups and the tech sector in general. A big part of this has been the country’s dedication to stoking business, something many feel Europe hasn’t focused on in the same way. While the continent still has a strong global presence with a large market and a highly skilled workforce, many complain…

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Big wave surfer emerges from the barrel with $120M fund for regenerative agriculture

Sep27
by on September 27, 2024 at 2:54 pm
Posted In: Uncategorized


What do the Rothschilds, big wave surfing, and cows have in common? A Portuguese man by the name of Francisco Roque de Pinho, of course. Francisco used to be a banker at Rothschild, the most famous of European banking dynasties. For the past eight years he’s been quietly operating an investment firm funding sustainable cattle grazing in South America. In his spare time, he’s out conquering the world’s biggest surfable waves in Nazare, Portugal.  Today, Francisco is unveiling some of the mystique behind his business life with the official launch of the Land Group, a Lisbon-based €120mn investment vehicle that…

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Northvolt suspected of manslaughter in latest blow to flailing battery startup

Sep27
by on September 27, 2024 at 1:14 pm
Posted In: battery, Electric vehicle


Swedish prosecutors are set to serve Northvolt with a suspicion of gross manslaughter notice following the death of a worker at the EV battery-maker’s struggling gigafactory in the country’s icy North, the Financial Times reports.  Environmental prosecutor Christer B Jarlås told the paper that officials will deliver the formal notice in the coming weeks, which indicates Northvolt is under investigation for possible legal responsibility in the incident.  The notice pertains to a 25-year-old Northvolt employee who died on December 15 after suffering severe burns sustained during an explosion on a production line at the startup’s megaplant in Skellefteå a month…

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Spain’s tech sector offers a view into Draghi’s ‘Innovation Gap crisis’

Sep27
by on September 27, 2024 at 7:23 am
Posted In: Uncategorized


This month, the European Commission published Mario Draghi’s long-awaited EU competitiveness report. Its key finding? The EU must overcome the innovation gap to prevent economic slowdown. According to the report, only four out of the 50 leading tech companies across the globe are based in Europe. In his address to the European Parliament, the former Italian premier said: “The core problem in Europe is that new companies with new technologies are not rising in our economy. In fact, there is no EU company with a market capitalisation over €100 billion that has been set up from scratch in the last…

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Arm: AI will turn smartphones into ‘proactive assistants’

Sep26
by on September 26, 2024 at 4:20 pm
Posted In: Insider


Arm wants to upgrade the brains inside our mobile devices. The chip designer — whose architectures power 99% of smartphones — envisions AI bringing a new wave of breakthroughs to our handsets. The company outlined this plan after the release of Llama 3.2 — Meta’s first open-source models that processes both images and text.Arm said the models run “seamlessly” on its compute platform. The smaller, text-based LLMs — Llama 3.2 1B and 3B — are optimised for Arm-based mobile chips. Consequently, the models can deliver faster user experiences on smartphones. Processing more AI at the edge can also create energy and cost savings. These enhancements…

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