thenextweb-rss
$45B valuation — Revolut becomes Europe’s most precious private tech firm
UK fintech Revolut has been valued at $45bn following a share sale by employees, making it Europe’s most valuable private tech company and shaking up the world of traditional finance. An employee share sale is when staff sell their company shares either to the company they work for, external investors, or on the open market. In Revolut’s case, its employees sold a portion of their shares to investors including Coatue, D1 Capital Partners, and Tiger Global, among others. Revolut’s new valuation puts it above the market capitalisation of most of Britain’s oldest banks, including Barclays, Lloyds Bank, and NatWest. Only…This story continues at The Next Web
UK fintech Revolut has been valued at $45bn following a share sale by employees, making it Europe’s most valuable private tech company and shaking up the world of traditional finance. An employee share sale is when staff sell their company shares either to the company they work for, external investors, or on the open market. In Revolut’s case, its employees sold a portion of their shares to investors including Coatue, D1 Capital Partners, and Tiger Global, among others. Revolut’s new valuation puts it above the market capitalisation of most of Britain’s oldest banks, including Barclays, Lloyds Bank, and NatWest. Only…
This story continues at The Next Web
British police to test drone flights beyond the line of sight
British police will experiment with uncrewed aircraft as part of new drone trials in the UK. Britain’s aviation regulator has backed the project, which the National Police Air Service (NPAS) will lead. The tests will focus on flights “beyond the visual line of sight” — meaning the operators won’t see their drones. The police will instead rely on tech for navigation, control, and detection of other aircraft. NPAS has high hopes for the approach. In 2021, the service launched a “Futures and Innovation Team” to explore flights beyond the visual line of sight. The team envisions the drones joining a…This story continues at The Next Web
British police will experiment with uncrewed aircraft as part of new drone trials in the UK. Britain’s aviation regulator has backed the project, which the National Police Air Service (NPAS) will lead. The tests will focus on flights “beyond the visual line of sight” — meaning the operators won’t see their drones. The police will instead rely on tech for navigation, control, and detection of other aircraft. NPAS has high hopes for the approach. In 2021, the service launched a “Futures and Innovation Team” to explore flights beyond the visual line of sight. The team envisions the drones joining a…
This story continues at The Next Web
Mozart and the digital twin for music
Although Mozart has no living descendants, his music still has countless inheritors. The latest in the lineage — born just this summer — is a digital twin. German tech giant Siemens conceived the prodigious clone. Last month, the company brought the system to Mozart’s hometown of Salzburg. Located at the foot of the Alps, the scenic city is hosting the prestigious Salzburg Festival of music and theatre. Classical notes are soaring through the sultry air. They’re sweeping across outdoor stages and around opera halls. Some have even entered the digital twin. Like every digital twin, the system is a virtual model…This story continues at The Next Web
Although Mozart has no living descendants, his music still has countless inheritors. The latest in the lineage — born just this summer — is a digital twin. German tech giant Siemens conceived the prodigious clone. Last month, the company brought the system to Mozart’s hometown of Salzburg. Located at the foot of the Alps, the scenic city is hosting the prestigious Salzburg Festival of music and theatre. Classical notes are soaring through the sultry air. They’re sweeping across outdoor stages and around opera halls. Some have even entered the digital twin. Like every digital twin, the system is a virtual model…
This story continues at The Next Web
Norway wealth fund credits tech for $138B profit but envisions market crash
Norway’s sovereign wealth fund is celebrating a $138 billion profit from the first half of the year, but has put the champagne on ice. The $1.6 trillion fund credited the returns to investments in tech. Driven by surging demand for AI, technology stocks surged during early 2024. Norway’s sovereign wealth fund — the largest in the world — reaped the benefits. Its equity portfolio gained 12% in the six months through June. Nvidia provided the largest cash injection. Microsoft, Google, Amazon, and TSMC also chipped in big sums. Over a quarter of its equity investments (26%) are now in tech. But…This story continues at The Next Web
Norway’s sovereign wealth fund is celebrating a $138 billion profit from the first half of the year, but has put the champagne on ice. The $1.6 trillion fund credited the returns to investments in tech. Driven by surging demand for AI, technology stocks surged during early 2024. Norway’s sovereign wealth fund — the largest in the world — reaped the benefits. Its equity portfolio gained 12% in the six months through June. Nvidia provided the largest cash injection. Microsoft, Google, Amazon, and TSMC also chipped in big sums. Over a quarter of its equity investments (26%) are now in tech. But…
This story continues at The Next Web
Football’s loathsome offside rule is getting an automated upgrade
The English Premier League is giving offside calls a (semi) automated upgrade. The new system revamps arguably the most controversial rule in sports. First introduced back in 1863, the offside law prevents sneaky footballers from camping by the goal. In its current iteration, the rule only applies to attackers in their enemy’s half. Once they enter that space, teammates can only pass to them when they’re behind at least two opposition defenders. Sounds confusing? Well, allow me to clarify. Players can be offside when any part of their body is beyond the defenders. Or maybe when there’s daylight between them.…This story continues at The Next Web
The English Premier League is giving offside calls a (semi) automated upgrade. The new system revamps arguably the most controversial rule in sports. First introduced back in 1863, the offside law prevents sneaky footballers from camping by the goal. In its current iteration, the rule only applies to attackers in their enemy’s half. Once they enter that space, teammates can only pass to them when they’re behind at least two opposition defenders. Sounds confusing? Well, allow me to clarify. Players can be offside when any part of their body is beyond the defenders. Or maybe when there’s daylight between them.…
This story continues at The Next Web
TNW Podcast: The state of healthtech, AI to battle ‘karoshi,’ CMA takes on Amazon and Anthropic
Welcome to the new episode of the TNW Podcast — the show where we discuss the latest developments in the European technology ecosystem and feature interviews with some of the most interesting people in the industry. In today’s episode, Linnea and Andrii talk about a potential solution to the issue of death from overwork, the UK’s attention to AI companies, table tennis robots, and a very important decision that NASA is facing this week. You’ll also hear an on-stage panel discussion with healthcare professionals on some of the most important technologies that are changing the industry as we speak,…This story continues at The Next WebOr just read more coverage about: Amazon
Welcome to the new episode of the TNW Podcast — the show where we discuss the latest developments in the European technology ecosystem and feature interviews with some of the most interesting people in the industry. In today’s episode, Linnea and Andrii talk about a potential solution to the issue of death from overwork, the UK’s attention to AI companies, table tennis robots, and a very important decision that NASA is facing this week. You’ll also hear an on-stage panel discussion with healthcare professionals on some of the most important technologies that are changing the industry as we speak,…
This story continues at The Next Web
Or just read more coverage about: Amazon
The race to power Europe’s warehouses with robots
The robot arms train every night. About half a dozen of them, flexing in silence. They practise picking up items thousands of times over, to test whether their latest algorithms are working as intended. And in the morning, Nomagic’s engineers turn up for work to check how the machines did. “This is a never-ending effort,” says CEO Tristan d’Orgeval. If the robot arms performed as intended, the updated algorithms get uploaded to the Warsaw-headquartered company’s live system. Nomagic currently has 70 employees and has raised $39 million to date. Right now, dozens of the firm’s robot arms are toiling away…This story continues at The Next Web
The robot arms train every night. About half a dozen of them, flexing in silence. They practise picking up items thousands of times over, to test whether their latest algorithms are working as intended. And in the morning, Nomagic’s engineers turn up for work to check how the machines did. “This is a never-ending effort,” says CEO Tristan d’Orgeval. If the robot arms performed as intended, the updated algorithms get uploaded to the Warsaw-headquartered company’s live system. Nomagic currently has 70 employees and has raised $39 million to date. Right now, dozens of the firm’s robot arms are toiling away…
This story continues at The Next Web
Dawn Aerospace is proving that spaceplanes aren’t rocket science
Dawn Aerospace is a small startup with big ambitions: to build the first vehicle to fly over 100 km above the Earth — twice in one day. A couple of weeks back, the budding company — headquartered in the Netherlands and New Zealand — took a major step toward that goal. Its reusable, rocket-powered Mk-II Aurora aircraft reached speeds of Mach 0.92 (967 km/h) at altitudes over 15km. While far from its eventual target, that is three times the speed and five times the height of its previous test, conducted last year. The startup has more flights scheduled for…This story continues at The Next Web
Dawn Aerospace is a small startup with big ambitions: to build the first vehicle to fly over 100 km above the Earth — twice in one day. A couple of weeks back, the budding company — headquartered in the Netherlands and New Zealand — took a major step toward that goal. Its reusable, rocket-powered Mk-II Aurora aircraft reached speeds of Mach 0.92 (967 km/h) at altitudes over 15km. While far from its eventual target, that is three times the speed and five times the height of its previous test, conducted last year. The startup has more flights scheduled for…
This story continues at The Next Web
EU warning to Musk ahead of Trump interview draws ire of X
Much has been said today about the interview that took place on Monday between Elon Musk and Donald Trump on X. Delayed by technical reasons, which Musk blamed on DDOS attacks, the two-hour conversation has been labelled, among other things, “surprisingly dull,” “rambling,” and “friendly.” The exercise in mutual admiration of the two “planet-sized egos” had Trump blaming Russia’s invasion of Ukraine on President Biden. He also stated that “millions of people” were flooding US borders in a month, and claimed that climate change and sea levels rising wasn’t so bad because you would “have more oceanfront property, right?” Ahead of…This story continues at The Next Web
Much has been said today about the interview that took place on Monday between Elon Musk and Donald Trump on X. Delayed by technical reasons, which Musk blamed on DDOS attacks, the two-hour conversation has been labelled, among other things, “surprisingly dull,” “rambling,” and “friendly.” The exercise in mutual admiration of the two “planet-sized egos” had Trump blaming Russia’s invasion of Ukraine on President Biden. He also stated that “millions of people” were flooding US borders in a month, and claimed that climate change and sea levels rising wasn’t so bad because you would “have more oceanfront property, right?” Ahead of…
This story continues at The Next Web
Why Go programming language is on the rise (again)
Go was first released as an open source programming language in 2009, and it’s had its ups and downs over the past 15 years. Although it was only released in November 2009, Go saw such a dramatic rise in interest that it was named the 2009 Programming Language of the Year by the TIOBE Index, which awards this title to the language with the highest rise in rank in a full-year period. In just two months, Go had rocketed to the top 20 of the Language of the Year ranking, which tracks a language’s popularity according to how often it’s…This story continues at The Next Web
Go was first released as an open source programming language in 2009, and it’s had its ups and downs over the past 15 years. Although it was only released in November 2009, Go saw such a dramatic rise in interest that it was named the 2009 Programming Language of the Year by the TIOBE Index, which awards this title to the language with the highest rise in rank in a full-year period. In just two months, Go had rocketed to the top 20 of the Language of the Year ranking, which tracks a language’s popularity according to how often it’s…
This story continues at The Next Web