Finnish scale-up Enifer is set to build a world-first fungal protein factory after securing full funding for the €33mn site. The futuristic plant will convert food industry sidestreams into an ingredient called Pekilo. Invented in the 1970s, Pekilo was the worl
After years of ravaging computer servers to swindle millions of dollars, the operators of the notorious Ebury botnet had slipped into the shadows by 2021. Suddenly, they reemerged with a bang. The new evidence surfaced during a police investigation in the Nethe
Chip machine-maker ASML reportedly has the power to remotely disable its equipment in TSMC’s fabs, should China invade Taiwan. TSMC is the biggest client of ASML’s EUV lithography systems, which use extreme ultraviolet (EUV) wavelengths to manufacture the hi
It’s been a busy week for AI policymakers. The EU has sealed the deal on its AI Act. Meanwhile, in Seoul, South Korea, 16 world-leading companies have signed the “Frontier AI Safety Commitments,” and a group of countries have promised to wor
The European Space Agency (ESA) has enlisted two companies to develop cargo shuttle vehicles for low Earth orbit. ESA awarded the new contracts to the Exploration Company in Germany and Thales Alenia Space in Italy. The services are due to deliver supplies to t
DeepL, the Cologne-based unicorn that has been rivalling machine translation giants such as Google Translate, today announced a new investment of $300mn (€277mn), reaching a $2bn valuation. Born from online dictionary Linguee, the startup was founded in 2017
In today’s deeply divided world, where a spirit of isolationism and separation se
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 an
Over the past couple of years, the Gulf states have been putting their oil money to use buying up thousands of the latest AI chips. However, thus far they have been relatively quiet when it comes to investing in quantum technology. That is
The EU’s AI Act is set to enter force next month after receiving a final rubber-stamp from the European Council. Ministers today endorsed a political deal on the landmark law, billed as the world’s first comprehensive rules on AI. The law applies a risk-based