AI doesn’t hallucinate — why attributing human traits to tech is users’ biggest pitfall

Sep19
by on September 19, 2024 at 8:28 am
Posted In: Future of Work


This year, Air Canada lost a lawsuit against a customer who was misled by an AI chatbot into purchasing full-price plane tickets, being assured they would later be refunded under the company’s bereavement policy. The airline tried to claim the bot was “responsible for its own actions.” This line of argumentation was rejected by the court and the company not only had to pay compensation, it also received public criticism for attempting to distance itself from the situation. It’s clear companies are liable for AI models, even when they make mistakes beyond our control. The rapidly advancing world of AI,…

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Swiss startup bets on photonic chips to cut data centre energy consumption

Sep19
by on September 19, 2024 at 7:00 am
Posted In: Uncategorized


Amid the AI boom, data centres are consuming alarming amounts of electricity. They’re also responsible for 1% of global energy-related emissions. By 2030, their power demand could increase by 160%. Switzerland-based Lightium aims to provide a solution. The young startup announced today it has raised $7mn in seed funding to both accelerate the performance of data centres and reduce their energy consumption with a next generation of photonic chips. Data centres are essentially large clusters of three components: Central Processing Units (CPUs), Graphics Processing Units (GPUs), and optical interconnects that transmit data between these processors. These interconnects are typically based…

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Algorithm startup QMill vows to become ‘first to provide quantum advantage’

Sep18
by on September 18, 2024 at 8:44 am
Posted In: Uncategorized


Espoo outside of Helsinki is turning into quite the quantum hub. The city’s latest addition to the Finnish quantum computing ecosystem is QMill. The newly minted algorithm startup just raised €4mn in seed funding to leverage near-term hardware to deliver real benefits to industry through quantum computing.  “There is momentum growing at the moment [in quantum], and investors can see that a lot of companies are experimenting with quantum computing now — but so far they have not found quantum advantage,” Hannu Kappinnen, QMill co-founder and CEO, told TNW. “We are the ones who will be the first to provide…

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Apian and Alphabet’s Wing to fly NHS blood samples by drone in London first

Sep16
by on September 16, 2024 at 11:01 pm
Posted In: Uncategorized


In a first for London, electric drones will soon fly urgent blood samples between Guy’s and St Thoma’s hospitals in the centre of the city. The upcoming flights are part of a joint pilot between the NHS, healthcare logistics startup Apian, and drone manufacturer Wing, a subsidiary of Alphabet, spun out from the company’s moonshot factory X. The aim is to improve patient care by accelerating turnaround delivery times. Currently, blood sample transport relies on van and motorbike couriers, for whom the journey can take more than half an hour. Drones can reduce the duration to less than two minutes.…

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Science is breeding a new generation of booming deeptech startups in Estonia

Sep15
by on September 15, 2024 at 7:00 am
Posted In: Uncategorized


Back in the early 2000s, Estonia was rapidly modernising, shaking off the remnants of Soviet influence. It was ambitiously transforming itself into a digital society with innovations such as e-government and online voting.  And, of course, it gave birth to Skype, the company that would launch the small Baltic nation’s journey towards becoming a startup powerhouse and a “unicorn country.” Since then, Estonia has established itself as a leader in breeding high-profile software companies, such as Bolt and Wise. Now, it’s aiming to become a deeptech hub, accelerating the development of research- and science-based entrepreneurship. Deeptech in Estonia is still…

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