BMW-backed DeepDrive raises €30M to industrialise ultra-efficient EV motor

Sep20
by on September 20, 2024 at 10:17 am
Posted In: Electric vehicle


German startup DeepDrive has bagged €30mn to scale up its electric motor technology that promises to boost EV range to over 800km — without any changes to battery capacity. Founded in 2021, DeepDrive claims its dual-rotor motor boasts the highest torque and power density of any EV motor available today. It also has low noise emissions, and is built using far fewer rare earth materials.   DeepDrive says its technology can make electric cars 20% more energy efficient, enabling automakers to build EVs with greater range at a lower cost.   DeepDrive is currently co-developing its electric motors with eight  of the…

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NATO’s first quantum tech investment goes to Southampton startup

Sep19
by on September 19, 2024 at 2:43 pm
Posted In: Uncategorized


The NATO Innovation Fund (NIF) has announced its first investment in quantum tech, leading a €5mn seed round. The recipient is Southampton University spinout Aquark Technologies, which has developed a unique quantum sensing technology. Aquark’s patented cold atom system can be used as an alternative position, navigation, and timing (PNT) device, independent from satellites and thus immune to external tampering such as GPS interference. Doing away with the cumbersome magnetic traps Aquark calls itself a miniaturisation company. It specialises in micro-fabrication and vacuum technology. However, what really sets it apart, is that it has found entirely new ways of trapping…

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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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