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Paris-based AI startup Poolside is in discussions to raise nearly $500mn at a $3bn valuation, Bloomberg reports.   Poolside is developing a ChatGPT-like large language model (LLM) that writes software code — but the business plan remains hush-hush. The company has yet to launch its first product. However, on its website Poolside states that it is currently training its LLM by “allowing it to improve by completing millions of tasks in tens of thousands of real world software projects.”  The startup is currently focused on winning over developers and has shown a demo code-generation product to investors, a person familiar with…This story continues at The Next Web

Paris-based AI startup Poolside is in discussions to raise nearly $500mn at a $3bn valuation, Bloomberg reports.   Poolside is developing a ChatGPT-like large language model (LLM) that writes software code — but the business plan remains hush-hush. The company has yet to launch its first product. However, on its website Poolside states that it is currently training its LLM by “allowing it to improve by completing millions of tasks in tens of thousands of real world software projects.”  The startup is currently focused on winning over developers and has shown a demo code-generation product to investors, a person familiar with…

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German startup Reverion has secured $62mn as it looks to scale a mini power plant that can generate clean energy, capture CO2, and make hydrogen all in one shipping container-sized unit.  “Reverion’s technology works very efficiently in both ways — you can use the plants to store that energy and provide it back to the grid when there is demand,” Christoph Baumeister, principal at Possible Ventures, one of the investors in the round, told TNW.   Reverion — spun-off from the Technical University of Munich in 2022 — will use the fresh funds to begin serial production of its power plants…This story continues at The Next Web

German startup Reverion has secured $62mn as it looks to scale a mini power plant that can generate clean energy, capture CO2, and make hydrogen all in one shipping container-sized unit.  “Reverion’s technology works very efficiently in both ways — you can use the plants to store that energy and provide it back to the grid when there is demand,” Christoph Baumeister, principal at Possible Ventures, one of the investors in the round, told TNW.   Reverion — spun-off from the Technical University of Munich in 2022 — will use the fresh funds to begin serial production of its power plants…

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A Ukrainian startup forged by war is bringing counter-disinformation to the business world. Osavul was founded in 2022 to fight Russian propaganda. To analyse the threats, the company applied AI analytics to the information landscape. The startup surveys open-source data from social media, websites, and messaging apps. It then identifies harmful narratives — and the sources spreading them.  The narratives have diverse forms. Osavul has detected fake news videos plastered with BBC logos, racial slurs hidden by slang, and generative AI amplifying Russian propaganda. Ukraine’s government has frequently sought the startup’s insights. So have NATO and the UK. But Osavul is…This story continues at The Next Web

A Ukrainian startup forged by war is bringing counter-disinformation to the business world. Osavul was founded in 2022 to fight Russian propaganda. To analyse the threats, the company applied AI analytics to the information landscape. The startup surveys open-source data from social media, websites, and messaging apps. It then identifies harmful narratives — and the sources spreading them.  The narratives have diverse forms. Osavul has detected fake news videos plastered with BBC logos, racial slurs hidden by slang, and generative AI amplifying Russian propaganda. Ukraine’s government has frequently sought the startup’s insights. So have NATO and the UK. But Osavul is…

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Tech Nation has announced the 25 startups that will participate in the second cohort of this year’s Future Fifty programme — the UK’s only accelerator that focuses on late-stage companies. Future Fifty supports startups from the Series B to the IPO stage and beyond. Since its launch in 2013, it counts alumni such as Revolut, Monzo, and Skyscanner. “We use mechanisms of access and growth instead of learning and validation,” Johnny Mayo, programme lead of Future Fifty told TNW. “The reason for this is our companies typically already have proven product market fit, and our founders will often already have…This story continues at The Next Web

Tech Nation has announced the 25 startups that will participate in the second cohort of this year’s Future Fifty programme — the UK’s only accelerator that focuses on late-stage companies. Future Fifty supports startups from the Series B to the IPO stage and beyond. Since its launch in 2013, it counts alumni such as Revolut, Monzo, and Skyscanner. “We use mechanisms of access and growth instead of learning and validation,” Johnny Mayo, programme lead of Future Fifty told TNW. “The reason for this is our companies typically already have proven product market fit, and our founders will often already have…

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What’s the best way to attract attention for your startup from a room full of investors, journalists, potential partners, customers, and talent all in one go? For early-stage startups, entering pitch battle competitions is a cost and time-effective way to get in front of the right audiences. Rather than pitching to individual investors, prove your product and team’s value in one quick-fire shot. Let potential partners and customers come to you after sharing your innovative idea on stage. Do you have what it takes? This October, there are four pitch battle competitions taking place at Expand North Star in Dubai…This story continues at The Next Web

What’s the best way to attract attention for your startup from a room full of investors, journalists, potential partners, customers, and talent all in one go? For early-stage startups, entering pitch battle competitions is a cost and time-effective way to get in front of the right audiences. Rather than pitching to individual investors, prove your product and team’s value in one quick-fire shot. Let potential partners and customers come to you after sharing your innovative idea on stage. Do you have what it takes? This October, there are four pitch battle competitions taking place at Expand North Star in Dubai…

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One of the most popular pastimes you may or may not have heard about is flight tracking.  For instance, in September 2022, the Royal Air Force Boeing C-17A Globemaster III carrying Queen Elizabeth II’s coffin from Edinburgh to an RAF base outside of London was followed by close to 5 million people.  It is also a goldmine for data. Popular flight tracking websites display the trajectories of tens of thousands of flights per day across their digitised maps. But what you also may not know, is that this is only possible due to a network of dedicated volunteers who collect…This story continues at The Next Web

One of the most popular pastimes you may or may not have heard about is flight tracking.  For instance, in September 2022, the Royal Air Force Boeing C-17A Globemaster III carrying Queen Elizabeth II’s coffin from Edinburgh to an RAF base outside of London was followed by close to 5 million people.  It is also a goldmine for data. Popular flight tracking websites display the trajectories of tens of thousands of flights per day across their digitised maps. But what you also may not know, is that this is only possible due to a network of dedicated volunteers who collect…

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Fashion app Depop has unveiled new AI gear from the firm’s tech wardrobe. The second-hand marketplace can now generate an entire listing from a single photo. Launched today, the feature is designed to accelerate the listing process. All users need to do is upload their image and hit “Generate Description.” Image recognition and GenAI will then create the listing description. The system will also add various item attributes, from category to colour and brand. Every detail will incorporate Depop’s trademark tone, hashtags, and visuals. The feature only needs a few clicks to create a listing. Credit: Depop The new feature…This story continues at The Next Web

Fashion app Depop has unveiled new AI gear from the firm’s tech wardrobe. The second-hand marketplace can now generate an entire listing from a single photo. Launched today, the feature is designed to accelerate the listing process. All users need to do is upload their image and hit “Generate Description.” Image recognition and GenAI will then create the listing description. The system will also add various item attributes, from category to colour and brand. Every detail will incorporate Depop’s trademark tone, hashtags, and visuals. The feature only needs a few clicks to create a listing. Credit: Depop The new feature…

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 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 quantum accelerators, major job cuts at WeTransfer, a planet that never was, and a few things in between. You’ll also hear an on-stage interview with Lee Taylor, CFO of OnlyFans, with Cristina Criddle, technology reporter at Financial Times. The conversation was recorded at this year’s TNW Conference — Lee talked about the journey of OnlyFans…This story continues at The Next Web

 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 quantum accelerators, major job cuts at WeTransfer, a planet that never was, and a few things in between. You’ll also hear an on-stage interview with Lee Taylor, CFO of OnlyFans, with Cristina Criddle, technology reporter at Financial Times. The conversation was recorded at this year’s TNW Conference — Lee talked about the journey of OnlyFans…

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Spatium Medical, a spinoff from the Erasmus Medical Center in Rotterdam, has raised €5mn to improve laparoscopy with its smart insufflation device. Insufflation refers to the process of introducing gas, typically CO2, into the abdomen, in order to “inflate” it and create enough workspace for the surgeon. However, the use of pressurised CO2 gas comes with a series of disadvantages, especially in high pressures. These include the disruption of blood flow to the organs, obstructions in mechanical ventilation, post-operative pain, and delayed recovery. Spatium Medical’s insufflator promises a solution. The startup’s patented turbine technology keeps the gas pressure consistently stable.…This story continues at The Next Web

Spatium Medical, a spinoff from the Erasmus Medical Center in Rotterdam, has raised €5mn to improve laparoscopy with its smart insufflation device. Insufflation refers to the process of introducing gas, typically CO2, into the abdomen, in order to “inflate” it and create enough workspace for the surgeon. However, the use of pressurised CO2 gas comes with a series of disadvantages, especially in high pressures. These include the disruption of blood flow to the organs, obstructions in mechanical ventilation, post-operative pain, and delayed recovery. Spatium Medical’s insufflator promises a solution. The startup’s patented turbine technology keeps the gas pressure consistently stable.…

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A Dutch startup has made the cut for NATO’s DIANA accelerator, which aims to build tech edges over the alliance’s adversaries. The company, named Lobster Robotics, develops underwater drones that survey the seas. Despite their small size and low costs, the robots are packed with powerful sensors.”It’s the quality and scalability of our data that sets us apart,” CEO Stephan Rutten said in June. That data produces high-resolution, interactive, optical seabed maps. Their contents reveal what is normally invisible. The potential applications are diverse. Users could monitor marine habitats, explore the oceans, or search for sunken treasure. They could also…This story continues at The Next WebOr just read more coverage about: Security

A Dutch startup has made the cut for NATO’s DIANA accelerator, which aims to build tech edges over the alliance’s adversaries. The company, named Lobster Robotics, develops underwater drones that survey the seas. Despite their small size and low costs, the robots are packed with powerful sensors.”It’s the quality and scalability of our data that sets us apart,” CEO Stephan Rutten said in June. That data produces high-resolution, interactive, optical seabed maps. Their contents reveal what is normally invisible. The potential applications are diverse. Users could monitor marine habitats, explore the oceans, or search for sunken treasure. They could also…

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Or just read more coverage about: Security

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