Why the EU is imposing maximum tariffs of 36.7% on Chinese EVs

Jul04
by on July 4, 2024 at 4:41 pm
Posted In: Uncategorized


The EU today confirmed huge new tariffs for EVs imported from China. From Friday, provisional charges of between 17.4% and 37.6% will be imposed on the vehicles. The lowest level will apply to BYD, an automaker based in Shenzhen. Geely, which owns Volvo, Polestar, and Lotus, faces duties of 19.9%. SAIC, a Chinese state-owned carmaker, will receive the maximum 37.6%. Other companies will be subject to new tariffs of 20.8%, the weighted average. These fees will come on top of a 10% duty that was already in place. As a result, prices of EVs in Europe could increase. Beijing may…

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UK leads Europe for GenAI patents but Germany is catching up, UN report reveals

Jul03
by on July 3, 2024 at 4:56 pm
Posted In: Uncategorized


The UK leads Europe for generative AI patent filings — but Germany is closing the gap. That’s according to new data from the World Intellectual Property Organisation (WIPO), a UN agency that tracks patents. WIPO today released a report on 54,000 GenAI inventions from the decade ending in 2023. Over 25% of them emerged in the last year alone. The findings show that China has built a wide lead in the field. Across the decade, over 38,000 GenAI patents were filed by the country. That’s a whopping six times more than the second-place US, which filed 6,276. Rounding out the…

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Why Nvidia could soon be with hit with antitrust charges in France

Jul02
by on July 2, 2024 at 1:32 pm
Posted In: Uncategorized


Last month, Nvidia briefly became the world’s most valuable company, reaching a market capitalisation of $3.3tn. Behind the company’s meteoric rise to the top lies its market dominance in advanced AI chips. Once predominantly-known for its high-performance graphic processing units (GPUs) for gaming, Nvidia tapped its technological strengths to venture into the AI race. Its GPUs excel at parallel processing, simulations, and machine learning tasks, which makes them suitable for the training and deployment of AI models such ChatGPT. Another big strength for Nvidia is the CUDA chip programming platform and software ecosystem, which has established the company as the…

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Neobank Monzo unveils new anti-fraud features in case of phone theft

Jul01
by on July 1, 2024 at 3:37 pm
Posted In: Uncategorized


UK-based neobank Monzo has unveiled three app-based security features, aiming to safeguard user accounts from criminals even in the case of phone theft. The new security tools are designed to prevent criminals from transferring or withdrawing amounts from Monzo accounts by offering an additional layer of protection. The digital bank plans to officially roll them out over the coming weeks. To begin with, customers will be able to use the new “known locations” feature to indicate a specific, safe location (like their home or their workplace) where they need to be when moving amounts of money over a certain limit.…

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This week in Dutch tech 20/6 – 27/6

Jun28
by on June 28, 2024 at 5:23 pm
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The warm weather finally arrived! But before we begin to wind things down for the summer months, let’s catch up once more with the latest developments in Dutch tech.  Of course, in our mind, the best news from the week that passed was our own TNW Conference taking place in Zaandam, just outside of Amsterdam. (Next year we are back at one of our favourite locations at NDSM island, grab your 2-for-1 tickets now!)  This year featured some of the best keynote speakers and panellists in our 18-year history, along with rich networking opportunities and the signature festival feel that…

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