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The U.K. government wants to make a hard pivot into boosting its economy and industry with AI, and as part of that, it’s pivoting an institution that it founded a little over a year ago for a very different purpose. Today the Department of Science, Industry and Technology announced that it would be renaming the…
All eyes were on French President Emmanuel Macron at the end of the first day of the Artificial Intelligence Action Summit in Paris after he annouunced a €109 billion investment package (around $112 billion at current exchange rates) in the French AI ecosystem on Sunday evening. He reiterated this financial commitment from private partners willing…
Late Sunday local time the French president, Emmanuel Macron, announced a total of €109 billion in private investments in the AI ecosystem — or around $112 billion at current exchange rates. Paris is hosting the Artificial Intelligence Action Summit this week — the third international summit focused on AI after earlier events in Bletchley Park…
Canadian investment firm Brookfield plans to invest €20 billion by 2030 in artificial intelligence projects in France (around $20.7 billion at current exchange rates), according to a report from La Tribune Dimanche confirmed by news agency AFP. The majority of the sum will be used to build AI-focused data centers. This announcement is the latest…
As cancer rates in the West, and globally, tack upwards due to lifestyle and environmental pollution, so does the need for the nuclear isotopes used in detecting those cancers in a medical setting. But with many reactors built in the 70s and the 80s scheduled for shut down, the materials used are becoming rarer and…
The race is on to build a new generation of healthcare software to replace legacy hospital systems that in some cases may not have been updated in decades. A startup out of Munich, Germany called Avelios has ambitions to build a new kind of end-to-end administrative system, leaning into more modern tooling using AI and…
Modern product engineering requires the production of highly accurate digital simulations, allowing engineers to create prototypes and understand the real-world performance of materials. Currently, legacy software platforms from companies like IBM and Dassault are generally employed, but — now powered by Generative AI — startups are joining the arena. One such is Trace.Space, coming out of…
It’s sometimes said that European VC doesn’t have the firepower to compete with VCs in the U.S., which regularly raise billion-dollar+ funds these days. Perhaps further evidence of this view persists in the news that Berlin-based Cherry Ventures has closed its latest fund at $500 million, to be split between early-stage rounds and follow-on rounds…
In just a few days, France will host the Artificial Intelligence Action Summit, with heads of state flocking to Paris to meet global tech leaders. They’ll most likely announce some big investments and diplomatic agreements focused on safety or the environmental impact of artificial intelligence. Ahead of the summit, early-stage VC firm Galion.exe, growth investment…
An app that helps people and teams in the working world simplify their to-do lists — ideally by organising and doing some of the work for them — has remained one of the unsolved goals in business technology. Leaning into AI, on top of battle scars from once building Google Wave, a startup called Tana…