Founded in 2015, Orbex is one of a handful of firms racing to develop the next generation of European launch vehicles.
The company is developing what’s sometimes called a microlauncher: a two-stage vehicle called Prime that stands just 19 meters tall, designed to carry payloads up to 180 kilograms.
A larger vehicle could eventually be in the plans as well, though Chambers was clear that Prime was the company’s first priority.
The new capital comes after Orbex closed a £40.4 million ($50 million) Series C in October 2022.
While a spokesperson confirmed the new funding will “help Orbex ramp up the development of Prime … to ensure full readiness and scalability for its launch period,” a firm launch window has yet to be announced.
Sanctuary AI announced that it will be delivering its humanoid robot to a Magna manufacturing facility.
As is often the nature of these deals, the parties have not disclosed how many of Sanctuary AI’s robots will be deployed.
The news follows similar deals announced by Figure and Apptronik, which are piloting their own humanoid systems with BMW and Mercedes, respectively.
For its part, Magna invested in Sanctuary AI back in 2021 — right around the time Elon Musk announced plans to build a humanoid robot to work in Tesla factories.
The company would later dub the system “Optimus.” Vancouver-based Sanctuary unveiled its own system, Phoenix, back in May of last year.
The European Data Protection Supervisor (EDPS) has warned key planks of the bloc’s data protection and privacy regime are under attack from industry lobbyists and could face a critical reception from lawmakers in the next parliamentary mandate.
Any shift of approach by incoming lawmakers could have implications for the bloc’s high standard of protection for people’s data.
But he particularly highlighted industry lobbying, especially complaints from businesses targeting the GDPR principle of purpose limitation.
Wiewiórowski did not explicitly blame generative AI for driving the “strong attacks” on the GDPR’s purpose limitation principle.
So any AI-driven weakening of EU data protection laws in the near term is likely to have long term consequences for citizens’ human rights.
Microsoft will introduce a new version of Microsoft 365 and Office 365 subscription service that excludes Teams, unbundling a suite following scrutiny from the European Union regulator and complaints from rival Slack.
The move follows Microsoft agreeing to sell Office 365 suite sans Microsoft Teams offering in the EU and Switzerland last year.
The company introduced Teams as a complimentary offering to the Office 365 suite in 2017.
Microsoft has enjoyed an unfair advantage by coupling the two offerings, many businesses have argued.
In a statement to Reuters, Microsoft said the unbundling “also addresses feedback from the European Commission by providing multinational companies more flexibility when they want to standardize their purchasing across geographies.”Reuters reported that Microsoft will introduce the new Office 365 lineups on Monday.
If you’re looking for comparisons, Norrsken VC is a $130 million impact VC that covers climate, while Demeter Partners last raised a €250 million fund focused on climate.
World Fund is also backed by pension funds including the UK Environment Agency Pension Fund, Wiltshire Pension Fund, and Croatia’s Erste Plavi.
World Fund has completed its raise during a war in Europe, interest rate rises, and jittery LPs.
In 2023 there was over $20 billion raised by European climate tech startups, almost matching the previous year, and bucking declining trends in other sectors, according to Dealroom.
The U.K., Sweden and Germany led for total climate tech VC in 2023 but Iceland, Lithuania and Bulgaria showed notable growth.
Not a day goes by without some confirmation that deep tech is on the rise in Europe — and that public and private capital investors are here for it.
Latest case in point, OTB Ventures, which closed a $185 million fund to invest in deep tech in Europe that it will mostly deploy at the Series A stage.
OTB’s take on deep tech focuses on four verticals that do sound fairly NATO-compatible: space tech, enterprise automation and AI, cybersecurity and fintech infrastructure.
This means we can’t confirm either whether the funding that went to OTB could also have gone to, say, a French or Austrian deep tech fund.
Like NIF, OTB is headquartered in Amsterdam, and its other office is in Warsaw, where NIF is also planning to have a regional office.
When it comes to design, it definitely looks like a Cowboy bike with its pill-shaped front light, angular design and soft matte colors.
Again, everything has been designed to make the Cowboy Cross more comfortable than existing Cowboy bikes.
There are two designs for the aluminum frame as the Cowboy Cross is available in step-over and step-through variants.
So it’s going to be important to make sure that the Cowboy Cross can easily be maintained over the long haul.
“There was a big overlap of customers considering both VanMoof and Cowboy bikes,” Roose said.
Deep tech is on the rise in Europe, fueled in part by the match between AI and a local flavor of math excellence.
The deep tech fund will focus on computing, industry and life science.
The report, which was published this Wednesday, highlights 50 European deep tech companies, but more as an editorialized showcase than as a ranking.
While the firms may overlap in investments, they don’t fully see eye to eye on the “deep tech” term.
“For us, deep tech is a natural fit, as we’ve always been very close to research at Elaia,” she said.
The European Parliament voted Wednesday to adopt the AI Act, securing the bloc pole-position in setting rules for a broad sweep of artificial intelligence-powered software — or what regional lawmakers have dubbed “the world’s first comprehensive AI law”.
pic.twitter.com/t4ahAwkaSn — Thierry Breton (@ThierryBreton) March 13, 2024Once published in the EU’s Official Journal in the coming months, the AI Act will come into force 20 days after that.
And with that alone the AI Act has nudged the future of AI in a human-centric direction.
But the legislation also puts some (light touch) transparency obligations on a third subset of apps, including AI chatbots; generative AI tools that can create synthetic media (aka deepfakes); and general purpose AI models (GPAI).
Rules for GPAIs were a later addition to the AI Act, driven by concerned MEPs.
After terminating Epic Games’ developer account on Wednesday, Apple said it will reinstate the Fortnite maker’s access to publish iOS apps in Europe.
This means that Epic can move forward with its plans for an Epic Games Store, and it can bring Fortnite back to iOS in Europe.
Last month, Epic announced it would be able to bring Fortnite and the Epic Games Store back because of Europe’s Digital Markets Act (DMA).
“We are moving forward as planned to launch the Epic Games Store and bring Fortnite back to iOS in Europe.
But under the new DMA law, third-party marketplaces like the Epic Games Store can come to iOS, lessening Apple’s control over apps in Europe.
