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In just one day, BYD's valuation surpassed Ford, General Motors, and Volkswagen combined a first for the company, and a major boon for the Chinese automotive industry. While Tesla currently boasts some 65,000 proprietary Superchargers worldwide, BYD drivers can access 800,000 universal charging points throughout Europe alone.
A conjunction of power cuts and energy rationing plans could make mobile Internet unreliable and unavailable in Europe. Winter is coming and according to sources from within the industry, everybody knows the market will face a lot of issues. As a consequence of Russia's decision to stop gas supplies via.
The blanket warning is for all industries to take notice. Indeed, it’s a juxtaposition of sorts to think the cybersecurity industry is vulnerable to cyberattack, but for many nation state groups, this is their first port of call. If addressing digital perimeter exposures is the foundation, zoning-in on problem areas is the framing.
After spending some months negotiating between the European Council and the European Parliament, the European Union has now officially approved a plentiful subsidy plan for its semiconductor industry. Read Entire Article
It's a financial image that is in stark contrast to that of many other businesses and industries, which have suffered or even succumbed under the pressure of. Last month, Amazon reported more than $8 billion in profit for the first three months of 2021, tripling its profits year over year.
Founded in 2014, Rohlik’s funding comes at an interesting and key moment in the online grocery business, in Europe and beyond. Even with some (very much not all) countries in Europe relaxing parts of their orders, grocery has remained a very-much used online category in markets where it is available.
A few years ago, when you could read ‘machine learning’ and ‘artificial intelligence’ in every single pitch deck, some startups chose to focus on the financial industry in particular. But what about legacy players in the financial industry? They could use that data to train new models and roll out machine learning applications.
TISAX is a data security standard created by the European Automotive Manufacturer Association (ENX) to ensure a uniform information and data security standard in the automotive manufacturing industry through a compliance certification framework for SaaS providers operating in this market. How Does It Affect SaaS Providers Like Tableau?
TISAX is a data security standard created by the European Automotive Manufacturer Association (ENX) to ensure a uniform information and data security standard in the automotive manufacturing industry through a compliance certification framework for SaaS providers operating in this market. How Does It Affect SaaS Providers Like Tableau?
Much like the US, Europe could soon have its own "Chips Act" law. The European Council, one of the two legislative bodies of the EU, together with the European Parliament, has adopted a common position to propose the new regulation. The goal: strengthening the EU's competitiveness in semiconductor technologies.
While the world continues to await the arrival of safe, reliable and cost-effective self-driving cars, one of the pioneers in the world of autonomous vehicle software has raised some substantial funding to double down on what it sees as a more immediate opportunity: providing technology to industrial companies to build off-road applications.
His startup, Terraform Industries , aims to operate at these ambitious scales. Terraform Industries has developed a system that captures carbon dioxide (CO 2 ) from the air and creates hydrogen from water, all using cheap solar power. to the global automotive industry,” the white paper says. Trillions of acres.
His focus is early-stage technology investments, particularly in HR tech, robotics, and healthcare industries. However, data from 2022 is showing that these innovation hubs may have some serious competition as the investment landscape in Europe is starting to outstrip robotics’ biggest players. In 2022, nearly $8.5
As it turns out, the space travel industry, with its several dozen launches per year, is responsible for the same amount of carbon emissions as the global aviation industry. With the commercial space industry maturing at a rapid pace, we are seeing a steady increase in the number of rocket launches every year.
As a German startup, LiveEO is one of a small but growing group of startups in Europe capitalizing on increasing interest in space among investors in recent years, despite the wider pressures on tech finance. LiveEO’s platform addresses a specific gap between space tech and enterprise data. We make it accessible and usable.”
In a response to the proposed ban, Cellular Agriculture Europe called it “bad public policy,” and that it would “reduce consumers’ ability to choose the food they want,” especially new products for those “who are concerned about animal welfare and the environmental impact of their food.” Anonymity requests will be respected.
and Europe are on a mission to bring some of that industrial work back to its own shores. Robco , a Munich-based startup that has built a platform for designing low-cost modular robots for small and medium industrial businesses, has picked up €13 million (abut $13.8 annually on average.
Robotics company 1X Technologies (1XT) made headlines earlier this year after securing over $100 million in backing from OpenAI and EQT Ventures, Europe's most prominent technology startup-based capital fund. The support helped to put the Norwegian firm and its latest robot creation, Neo, in a position to compete with industry.
Throughout the late 2010s and early 2020s, the autonomous vehicle industry captured the imagination of the startup community and the public. and Europe increased by nearly 2.5x, eventually peaking at close to $10 billion in 2021. AI also creates opportunities to disrupt traditional industries with massive addressable markets.
The industrial biotech startup is working on bringing a novel protein to market — one it says will offer a nutritious, sustainable alternative to animal-derived proteins. Europe’s energy crisis bites. Russia being a major but unreliable supplier of gas to Europe.).
After recently doing the same in Europe, Google has now publicly accused Microsoft of anti-competitive behavior over the US cloud market. Mountain View singled out Microsoft in a letter sent to the Federal Trade Commission (FTC), which was seeking industry comments about the business practices of cloud computing providers that.
Ukraines minerals fuel industries and militaries Ukraines mineral resources are concentrated in two geologic provinces. Before Ukraines independence in 1991, both areas supplied the Soviet Union with materials for its industrialization and military. Its the largest source in Europe and the fifth largest globally.
Packaging is a trillion-dollar-per-year industry that, by and large, has some sustainability challenges. The new funding will be used to recruit more primary packaging suppliers to Impacked’s marketplace across North America and Europe, and also enhance its existing sustainability scoring system. The company raised a $2.5
For context, there are no shortage of vehicle management systems out there already, from Automile and Fleetcheck to Webfleet , but Papaya is hoping to set itself apart with its specific industry focus on smaller EVs that are likely to be used by last-mile delivery companies and such like.
In 2024, the company expanded beyond just helping employers with interviews and assessments by introducing a new platform, CodeSignal Learn, which gives tech workers the ability to acquire new technical skills and keep up with industry needs. But theres a shortage of workers who can fill those positions.
In preparation for its next stage of growth, Bfree has secured the services of leading industry professionals, including CTO Konrad Pawlus, formerly of SALESmanago, and Yohan Theatre, who previously worked at investment management firm PIMCO. Flosbach anticipates that the startup will be handling 1.4 million profiles by the end of next month.
Elevation has been a nonprofit partner since 2007 and currently supports more than 200 different organizations in Europe and the Americas. Founded back in 2007, we’ve built a team of industry specialists with a passion to make the world a better place.
The AI industry hit a significant bend in the road toward artificial general intelligence in 2024. And all the while a small AI lab in China was quietly developing new AI models, including reasoning models, that would begin sending shockwaves through the AI industry by the end of 2024. The rest of the industry has followed its lead.
Over the years, the event has become a relatively low-tech, low-budget showcase for a group of tech investors and billionaire industry insiders to take a look at early stage businesses that could be their next billion-dollar opportunity. the raw materials are products of the current agricultural industry.”
Berlin-based climate startup ecoworks is using digital technologies, AI and industrial robots to tackle a huge and critical problem: Energy inefficient buildings.
Europe (excluding the United Kingdom) maintained a consistent share of around 29% during the five years from 2017 to 2022. Right now, a lot of information being communicated to the crypto industry is through enforcement action. That scares away innovation. I think the scary thing is when innovation doesn’t touch the U.S.
However, Europe has an advantage here thanks to its many accessible cities. Approaching it from a data scientist’s point of view, I immediately recognized the value of a novel application for a very large and established industry like retail. In Europe, the best bets involve creating automation processes.
is the latest startup to grab some venture capital dollars as the travel industry gets back on its feet amid the global pandemic. million to bring spontaneous travel back to a hard-hit industry and Wanderlog bag $1.5 million to bring spontaneous travel back to a hard-hit industry and Wanderlog bag $1.5 YouTravel.Me
As the industry grapples with the larger questions of how to create viable solid-state batteries or commercialize robotaxi service , the companies listed here are focused on the incremental steps toward a fully autonomous future. The year also saw the companys rapid expansion across Asia and into Mexico, South America, Europe, and Australia.
But it might come as a surprise to learn that many in the industry believe that the story is just beginning and the sector is poised to achieve much more, with fintech’s next decade expected to be radically different from the last 10 years. Long before the pandemic, the way in which banks were regulated was changing. Serving SMEs. If the U.S.
Over the next few weeks, the venture capital industry will compile and release data concerning its Q4 2020 performance, capping a year that saw the world of private capital freeze , thaw and burn. North America and Europe shine, Asia falls. Surely not, with all the neobank and trading-platform deals we saw ?
Open banking platforms, where services that might not have previously lived next to each other are now joined up by way of APIs, has been one of the emerging trends of the last couple of years, and today one of the leaders in the space out of Europe has closed a round of funding to expand its business. aggregation platform OpenWrks.
Mastercard is phasing out the use of magnetic stripes on its credit and debit cards over the next decade, as the industry moves towards more secure or convenient alternatives like chips and contactless payments, the company has announced. A card with an EMV chip and contactless, but not magnetic stripe. Image: Mastercard.
Previous backers 83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures and Vintage Investment Partners also followed on. Wolt declined to disclose the company’s latest valuation, although we know from the previous D round that the company is one of Europe’s so-called unicorns.
There’s little arguing that artificial intelligence is one of the hottest sectors of the tech industry. From recommending personalized content in your YouTube feed to translating text, diagnosing cancer and driving cars, the number of domains that the AI industry is touching is constantly expanding.
China’s Belt and Road initiative is a massive effort to spin up infrastructure projects across Asia, Europe, and Africa that, in total, roughly trace the old Silk Road. The projects span dozens of countries and vary in size and scope. There are massive railways, hydropower plants, dams, and bridges.
There is no more blaming or cutting corners because the system validates that and also makes construction a healthier industry to work in.”. He felt that Buildots, with such a premium product, would have a challenge selling to a low-margin industry that was late to adopt technology in general.
trillion general insurance industry. . Similar models to Surer outside of Southeast Asia include WeFox in Europe and Turtlemint in India, which have proven successful, Gordon Tay noted. . Kistefos has a strong investment portfolio in Norway and Europe, including companies delivering financial services.
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