Uber backs Wayve as it targets level 4 autonomous vehicles

Aug30
by on August 30, 2024 at 10:51 am
Posted In: artificial intelligence, Insider


Uber has made an investment in Wayve, as the ride-hailing giant positions itself to profit from the moment when (or if?) autonomous vehicles finally go mainstream. The undisclosed investment is an extension of Wayve’s massive $1bn funding round, announced in May. Under the deal, Uber has taken a minority stake in the London-based self-driving startup. “Wayve’s advanced embodied AI approach holds a ton of promise as we work towards a world where modern vehicles are shared, electric, and autonomous,” said Uber’s CEO Dara Khosrowshahi. Founded in Cambridge in 2017, Wayve fits a regular car with a range of cameras and…

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Sweden’s been stealthily using hydrogen to forge green steel. Now it’s ready to industrialise

Aug29
by on August 29, 2024 at 3:04 pm
Posted In: Uncategorized


Deep in Sweden’s icy north sits a small factory where the country’s largest industrial players have been steadily validating a new technology that could clean up one of the dirtiest industries on Earth.  Energy giant Vattenfall, steel-maker SSAB, and mining firm LKAB built the facility — located in the small town of Luleå — in 2020, as part of the HYBRIT project. The initiative aims to prove that steel can be made on an industrial scale using hydrogen and clean electricity.  “Using hydrogen to produce steel is still in its very early stages,” an SSAB representative told TNW. “It represents…

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Quantum computing: the inevitable threat to information security

Aug29
by on August 29, 2024 at 12:37 pm
Posted In: Uncategorized


In an era where technological advancements continually reshape our world, one of the most significant emerging threats is quantum computing.  This powerful technology, while promising revolutionary benefits, poses a substantial risk to our current cybersecurity infrastructure. As we stand on the brink of this quantum revolution, it is imperative to understand the potential dangers and prepare accordingly. The quantum leap       Quantum computing harnesses the principles of quantum mechanics to perform computations at speeds unimaginable with classical computers. In 2019, Google proclaimed to have demonstrated “quantum supremacy” when its Sycamore processor solved a problem in 200 seconds that would take…

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When everyone is in the wrong: Telegram’s Durov must remain in France and post a €5M bail

Aug28
by on August 28, 2024 at 9:48 pm
Posted In: Social Media


This just in: French prosecutors have charged Telegram’s Russian-born founder Pavel Durov with a wide range of crimes and banned him from leaving the country. He’s now placed under a heavy judicial control with twice-a-week police check-ins and has to post a €5mn bail, according to a statement by Paris Public Prosecutor Laure Beccuau. This development marks a major milestone in what seems to be one of this year’s most important technology news stories that started less than a week ago when French authorities arrested Durov at Le Bourget airport outside Paris. Soon after, the prosecutor’s office released a list…

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Europe’s unicorns have risen to €447.4B in total value, report finds

Aug27
by on August 27, 2024 at 3:00 pm
Posted In: Uncategorized


The cumulative value of Europe’s active unicorns now sits at €447.4bn — 3% higher than in 2023, according to a new report from Pitchbook. The report also found that unicorn deal value continued to show signs of recovery during the second quarter of 2024. Specifically, it jumped from €1bn in Q1 to €2.4bn in Q2. The continuous valuation growth of 2024 implies a 12.3% increase for the full year from 2023. Deal count is following the same upward trend. The first half of the year has already seen 28 unicorn deals compared to 39 for the whole of 2023. The medial…

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