PhotonDelta, a photonic chip accelerator in the Netherlands, has opened an office in Silicon Valley — marking a milestone moment for the Dutch semiconductor sector. The move is part of PhotonDelta’s goal to create a unified photonic chip industry that leverages the capabilities of both European and US-based companies. Founded…
US chipmaker AMD has agreed a $665mn (€614mn) deal to buy Finnish startup Silo AI, one of Europe’s leading artificial intelligence firms. AMD announced the all-cash transaction on Wednesday. The Californian company described the acquisition as “a significant step” towards delivering end-to-end AI solutions. It will also give AMD new…
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, Andrii talks about fusion energy in Europe, ‘the war on floppy…
Amid increasing interest in Iceland’s tech ecosystem, Reykjavik-based Frumtak Ventures has closed a $87M fund aimed at local startups. This is the venture capital firm’s fourth fund, following a €57mn predecessor in 2021. While sector-agnostic, Frumtak Ventures has so far mostly invested in B2B SaaS startups at the seed or…
Air taxis have been cleared for takeoff during the Paris Olympics — and President Macron has been offered a seat on the first flight. German startup Volocopter will deliver the flying taxis. A barge on the River Seine will provide a tiny airport for the vehicles. The French government confirmed…
Finally, Europe has regained independent access to space. The continent reestablished a sovereign launch capacity on Tuesday with the maiden flight of the Ariane 6 rocket. Built to take satellites into orbit, Ariane 6 lifted off from the European Spaceport in French Guiana at 16:00 local time (21:00 CEST). The…