UK AI startups are now worth $256B, says report
UK-based AI startups are now worth $256bn, according to new data from Dealroom and HSBC Innovation Banking. They also account for 22% of the country’s innovation ecosystem value — up…
UK scaleup Huma launches ‘Shopify-like’ platform for digital health tools
UK-based Huma has launched today the Huma Cloud Platform, a “Shopify-like” tool for the healthcare ecosystem to design, build, and launch digital health services. “The digitalization of the healthcare ecosystem…
How Europe’s universities are using AI to battle dementia
If there’s one area where AI can truly have an unprecedented positive impact, it is healthcare — especially when it comes to the diagnosis and treatment of currently incurable diseases…
French AI startup launches first LLM built exclusively for advertising copy
French startup AdCreative.ai has launched a new large language model build exclusively for advertising. Named AdLLM Spark, the system was built to craft ad text with high conversion rates on every…
Can Ariane 6 turn Europe’s spacetech startups into global powerhouses?
When Ariane 6 suffered a glitch on its first flight, the mishap felt strangely inevitable. Nearly half of all rockets fail on their first launches. After a troubled development and…
SoftBank snaps up troubled British AI chip developer Graphcore
Japanese tech group SoftBank has acquired yet another British chip player. This time it has snapped up Bristol-based AI processor developer Graphcore, whose very survival was in doubt over the…
Cultivating giants: How nurturing university spinouts fuels innovation ecosystems
Innovation thrives at the intersection of academia and entrepreneurship. Universities serve as breeding grounds for startups poised to disrupt industries with their novel ideas and cutting-edge technologies. Yet, the path…
Military AI startup Helsing raises €450M, plans to protect NATO’s border with Russia
Military AI startup Helsing has raised a whopping €450mn at a reported valuation of €5bn. The German company said the war chest will fund security for NATO’s Eastern Flank. Founded in…
Oxford Ionics doubles performance of previous quantum chip world record
UK-based startup Oxford Ionics today announced a significant achievement for its ion-trapped quantum processors, demonstrating over twice the performance of the previous world record — without using error correction. While…
PhotonDelta’s new Silicon Valley hub to merge Dutch and US photonic chip expertise
PhotonDelta, a photonic chip accelerator in the Netherlands, has opened an office in Silicon Valley — marking a milestone moment for the Dutch semiconductor sector. The move is part of…
US chip giant AMD to buy European LLM leader Silo AI for $665M
US chipmaker AMD has agreed a $665mn (€614mn) deal to buy Finnish startup Silo AI, one of Europe’s leading artificial intelligence firms. AMD announced the all-cash transaction on Wednesday. The…
Icelandic VC closes $87M fund as country’s startup scene comes of age
Amid increasing interest in Iceland’s tech ecosystem, Reykjavik-based Frumtak Ventures has closed a $87M fund aimed at local startups. This is the venture capital firm’s fourth fund, following a €57mn…
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