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Mario Draghi has sounded the alarm about the EU’s competitiveness — and future — as it is again failing to translate ideas and ambition into technological innovation. In a report commissioned by the bloc’s chief Ursula von der Leyen, Draghi stressed that a pronounced growth slowdown has widened the GDP gap between the Union and the US. This slowdown is closely linked to sluggish tech development. “Europe largely missed out on the digital revolution led by the internet and the productivity gains it brought,” the former European Central Bank (ECB) president said. He also warned that history might repeat itself.…This story continues at The Next Web

Mario Draghi has sounded the alarm about the EU’s competitiveness — and future — as it is again failing to translate ideas and ambition into technological innovation. In a report commissioned by the bloc’s chief Ursula von der Leyen, Draghi stressed that a pronounced growth slowdown has widened the GDP gap between the Union and the US. This slowdown is closely linked to sluggish tech development. “Europe largely missed out on the digital revolution led by the internet and the productivity gains it brought,” the former European Central Bank (ECB) president said. He also warned that history might repeat itself.…

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Tech giant Microsoft and leading quantum computer developer Quantinuum have hit two more significant markers on the path towards scientific quantum advantage. They have successfully created 12 highly reliable logical qubits and demonstrated a hybrid end-to-end chemistry simulation, utilising a combination of HPC, AI, and quantum. The logical qubit breakthrough was achieved on Quantinuum’s H2 trapped-ion 56 physical qubit quantum computer using Microsoft’s Azure Quantum’s qubit-virtualisation system. It triples the pair’s previous achievement of four reliable logical qubits, announced in April this year. The team also demonstrated several fault-tolerant computations with the improved logical qubits which, when entangled, have a…This story continues at The Next Web

Tech giant Microsoft and leading quantum computer developer Quantinuum have hit two more significant markers on the path towards scientific quantum advantage. They have successfully created 12 highly reliable logical qubits and demonstrated a hybrid end-to-end chemistry simulation, utilising a combination of HPC, AI, and quantum. The logical qubit breakthrough was achieved on Quantinuum’s H2 trapped-ion 56 physical qubit quantum computer using Microsoft’s Azure Quantum’s qubit-virtualisation system. It triples the pair’s previous achievement of four reliable logical qubits, announced in April this year. The team also demonstrated several fault-tolerant computations with the improved logical qubits which, when entangled, have a…

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If you’ve lost your motivation—or as some would say, your mojo—as a software developer, it’s likely because it hasn’t been the most fun time to be in the industry with layoffs rocking teams and worker morale since mid-2022. Given this context, it isn’t too surprising that Stack Overflow’s most recent Developer Survey found that less than a third (32.1%) of professional developers are happy with their current job. Common frustrations include technical debt (62.4%), as well as a reliance on unreliable tools and systems at work (31.2%). Those aren’t great numbers, but negatives are generally countered by positives. Within programming,…This story continues at The Next Web

If you’ve lost your motivation—or as some would say, your mojo—as a software developer, it’s likely because it hasn’t been the most fun time to be in the industry with layoffs rocking teams and worker morale since mid-2022. Given this context, it isn’t too surprising that Stack Overflow’s most recent Developer Survey found that less than a third (32.1%) of professional developers are happy with their current job. Common frustrations include technical debt (62.4%), as well as a reliance on unreliable tools and systems at work (31.2%). Those aren’t great numbers, but negatives are generally countered by positives. Within programming,…

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In two separate cases today, the EU’s Court of Justice ruled in favour of back taxes and fines against Apple and Google totalling €15.4bn, a major victory in the bloc’s ongoing battle with big tech.   In the first ruling, the EU’s highest court has ordered Apple to pay Ireland €13.1bn in back taxes, bringing an end to the biggest tax dispute in history.  The EU Court of Justice’s judgement backs the European Commission, which accused Apple of benefitting from “substantially and artificially lowered tax” in Ireland since 1991.  “Ireland granted Apple unlawful aid which Ireland is required to recover,” the…This story continues at The Next WebOr just read more coverage about: Apple

In two separate cases today, the EU’s Court of Justice ruled in favour of back taxes and fines against Apple and Google totalling €15.4bn, a major victory in the bloc’s ongoing battle with big tech.   In the first ruling, the EU’s highest court has ordered Apple to pay Ireland €13.1bn in back taxes, bringing an end to the biggest tax dispute in history.  The EU Court of Justice’s judgement backs the European Commission, which accused Apple of benefitting from “substantially and artificially lowered tax” in Ireland since 1991.  “Ireland granted Apple unlawful aid which Ireland is required to recover,” the…

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Every January, startups, Fortune 500 companies, investors, gadget geeks, and media from across the globe flock to Las Vegas to discover the next big trends in technology. In 2024, CES welcomed 135,000 attendees, 40% of whom came from 150 different countries. With major media outlets keeping their eyes and ears on the show floor, CES has enabled some newbie entrepreneurs to sweep up thousands of pieces of press coverage and some lucrative new deals from buyers, all in just four days. After struggling with a speech disorder as a child, Joris Castermans developed an AI-powered speech technology to help amplify…This story continues at The Next Web

Every January, startups, Fortune 500 companies, investors, gadget geeks, and media from across the globe flock to Las Vegas to discover the next big trends in technology. In 2024, CES welcomed 135,000 attendees, 40% of whom came from 150 different countries. With major media outlets keeping their eyes and ears on the show floor, CES has enabled some newbie entrepreneurs to sweep up thousands of pieces of press coverage and some lucrative new deals from buyers, all in just four days. After struggling with a speech disorder as a child, Joris Castermans developed an AI-powered speech technology to help amplify…

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Cambridge-based CardiaTec has raised $6.5mn to accelerate drug discovery for cardiovascular diseases, such as heart attacks and strokes. Cardiovascular diseases are the leading cause of death globally, claiming the lives of 17.9 million people each year. Yet our knowledge of their underlying biology is still limited, hindering the effectiveness of clinical trials and drug solutions. CardiaTec aims to address this knowledge gap with a drug discovery platform that leverages AI to analyse human tissue “multi-omics” data. Mutli-omics is a biological analysis approach which combines the study of multiple “omes,” the sets of various biological molecules or entities within a cell…This story continues at The Next Web

Cambridge-based CardiaTec has raised $6.5mn to accelerate drug discovery for cardiovascular diseases, such as heart attacks and strokes. Cardiovascular diseases are the leading cause of death globally, claiming the lives of 17.9 million people each year. Yet our knowledge of their underlying biology is still limited, hindering the effectiveness of clinical trials and drug solutions. CardiaTec aims to address this knowledge gap with a drug discovery platform that leverages AI to analyse human tissue “multi-omics” data. Mutli-omics is a biological analysis approach which combines the study of multiple “omes,” the sets of various biological molecules or entities within a cell…

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The governmental deep tech funding landscape in the UK has been in a bit of a turmoil over the past few months. Funds have been promised by one government and then whisked away by another in the space of less than a year. While the UK government recently announced £100mn in support for five “quantum hubs,” the country’s quantum sector is concerned over the level of funding security — and how increasingly risk-averse regulation could stifle international cooperation. Phasecraft is a leader in quantum algorithms — computational methods designed specifically for quantum computers and their qubits. Its mission is to…This story continues at The Next Web

The governmental deep tech funding landscape in the UK has been in a bit of a turmoil over the past few months. Funds have been promised by one government and then whisked away by another in the space of less than a year. While the UK government recently announced £100mn in support for five “quantum hubs,” the country’s quantum sector is concerned over the level of funding security — and how increasingly risk-averse regulation could stifle international cooperation. Phasecraft is a leader in quantum algorithms — computational methods designed specifically for quantum computers and their qubits. Its mission is to…

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German startup Cylib has broken ground on its first industrial-scale battery recycling plant, just months after it raised €55mn in the largest-ever funding round for a European battery recycling company.  The state-of-the-art facility, located at Chempark on the outskirts of Düsseldorf, will spread across three football pitches. Once operational — scheduled for 2026 — the plant is slated to recycle 30,000 tons of EV batteries a year.  For context, the average EV battery weighs about 500kg so Cylib’s plant will be able to process around 60,000 EV batteries per annum. This is far more than Europe’s current largest such facility,…This story continues at The Next Web

German startup Cylib has broken ground on its first industrial-scale battery recycling plant, just months after it raised €55mn in the largest-ever funding round for a European battery recycling company.  The state-of-the-art facility, located at Chempark on the outskirts of Düsseldorf, will spread across three football pitches. Once operational — scheduled for 2026 — the plant is slated to recycle 30,000 tons of EV batteries a year.  For context, the average EV battery weighs about 500kg so Cylib’s plant will be able to process around 60,000 EV batteries per annum. This is far more than Europe’s current largest such facility,…

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Atomico, one of the largest venture capital firms in Europe, has raised $1.24bn to support startups in the region. This is its largest fundraise to date, Atomico says, although falling slightly short of its initial target of $1.35bn. The total amount is a combination of two different funds. The first fund has secured $485mn for early-stage companies, primarily targeting Series A, but also including some seed investments. The second fund will focus on growth investments, to which Atomico expanded in 2011. It will allocate $754mn to support entrepreneurs from Series B up to the pre-IPO stage. Launched in 2006 by…This story continues at The Next Web

Atomico, one of the largest venture capital firms in Europe, has raised $1.24bn to support startups in the region. This is its largest fundraise to date, Atomico says, although falling slightly short of its initial target of $1.35bn. The total amount is a combination of two different funds. The first fund has secured $485mn for early-stage companies, primarily targeting Series A, but also including some seed investments. The second fund will focus on growth investments, to which Atomico expanded in 2011. It will allocate $754mn to support entrepreneurs from Series B up to the pre-IPO stage. Launched in 2006 by…

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Developers talk a lot about “immutability.” Outside the technical world, it usually means something negative: unmoving, inflexible, and entrenched. However, in the technical field, these features become an advantage and mean that a system is reliable and reproducible. Like many concepts and trends in technology, it’s nothing new. NixOS (more on it later) has existed for over twenty years, and ChromeOS is probably the most widely used immutable operating system (OS). However, the widespread adoption of containers with Docker just over 10 years ago brought the concept to broader attention.  Typically, you define a container in a text file, and…This story continues at The Next Web

Developers talk a lot about “immutability.” Outside the technical world, it usually means something negative: unmoving, inflexible, and entrenched. However, in the technical field, these features become an advantage and mean that a system is reliable and reproducible. Like many concepts and trends in technology, it’s nothing new. NixOS (more on it later) has existed for over twenty years, and ChromeOS is probably the most widely used immutable operating system (OS). However, the widespread adoption of containers with Docker just over 10 years ago brought the concept to broader attention.  Typically, you define a container in a text file, and…

This story continues at The Next Web

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