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The EU’s supercomputer alliance yesterday announced the winners of its AI startup competition. Four companies will split €1bn — and precious uptime on world-class high-performance computer systems to train their models.  Training and running AI requires massive amounts of computational resources. For example, as part of its deal with OpenAI, Microsoft built Eagle, one of […]

The state of AI is the second in this series prepared for the long weekend. In part one, we traced the evolution of Artificial Intelligence. In episode two, we discuss where we are today in the implementation of AI using a model developed by Jackie Fenn, a Gartner analyst who developed the “Hype Curve” –

US Internet providers must now display clear pricing and product information. HP Ink controversy continues to stain the company’s reputation with consumers. Is the EU’s competition legislation working? Early numbers seem to show it might be. And there’s a 10 million dollar bet that Elon Musk is wrong about AI. All this and more on

Vidyard, a popular video messaging company, has recently announced its entry into the virtual digital avatar market and secured new funding of $15M from Export Development Canada (EDC), BMO Capital Partners, and existing investors Battery Ventures, Bessemer Venture Partners, and iNovia Capital. This brings the company’s total funding to $90.7M. According to Gartner Research, AI

Swiss startup Neustark has raised $69mn to take its carbon capture technology global. Decarbonization Partners, a partnership between the world’s largest asset manager BlackRock and Singaporean investment firm Temasek, led the funding round. Neustark captures waste CO2 from biogas production. It injects it into recycled concrete, which then gets reused to make new roads and

Amid tense relations between big tech and the EU, Meta has announced its second AI startup accelerator in Europe. The accelerator targets startups that want to integrate open-source foundation models (such as Llama and Mistral 7B) into their products. To deliver the programme, Meta has once again teamed up with Hugging Face, a US-based open-source

This Automation Week, we look at some of Europe’s most promising start-ups across all sizes and sectors that are riding a wave of recent tech advancements in hardware and software to make our lives easier. Read more: 10 automation start-ups in Europe to keep an eye on