Tech & Space

Qwant and Ecosia Join Forces to Create a European Alternative to Google

November 12, 2024

Qwant and Ecosia Join Forces to Create a European Alternative to Google

French and German search engines Qwant and Ecosia have announced a partnership to develop an independent European search index, aiming to enhance digital sovereignty, data privacy, and sustainability in the EU. The project, European Search Perspectives (EUSP), is set to launch in early 2025 and aims to reduce reliance on tech giants Google and Microsoft.

Scandinavia's Rising Role as Europe's Potential Silicon Valley

November 6, 2024

Min

Scandinavia's Rising Role as Europe's Potential Silicon Valley

The Nordic and Baltic regions are emerging as strong candidates to become Europe’s main technology hubs, producing the highest density of unicorns (companies valued over $1 billion) per capita across the continent. Despite challenges compared to the US and China, countries like Sweden, Denmark, and Estonia show promise in creating a European Silicon Valley.

Irish Watchdog Fines LinkedIn €310mn for GDPR Violations

October 24, 2024

Min

Irish Watchdog Fines LinkedIn €310mn for GDPR Violations

LinkedIn has been fined €310 million by Ireland's Data Protection Commission (DPC) for violating the EU’s General Data Protection Regulation (GDPR) in its use of user data for behavioral analysis and targeted advertising.

Intel Wins Long EU Legal Battle Over €1bn Competition Fine

October 24, 2024

Min

Intel Wins Long EU Legal Battle Over €1bn Competition Fine

Intel has won a significant victory in its long-standing legal dispute with the European Commission over a €1.06bn fine for alleged market abuse. The European Court of Justice upheld a previous ruling that overturned the fine, but Intel still faces a separate €376m penalty related to the case.

Russia Bans Social Platform Discord for Law Violations

October 8, 2024

Min

Russia Bans Social Platform Discord for Law Violations

Russia’s communications regulator, Roskomnadzor, has blocked U.S.-based social platform Discord for violating Russian laws. Discord, primarily used by gamers, failed to remove nearly 1,000 items of content deemed illegal by the authorities.

Spain's PLD Space Unveils Ambitious Miura Next Project

October 7, 2024

Min

Spain's PLD Space Unveils Ambitious Miura Next Project

Spanish aerospace company PLD Space has launched the Miura Next project, which includes a new range of heavy-lift launchers and Lince, Europe’s first privately-developed manned capsule. The Miura Next Super Heavy launcher is set to become one of the world’s most powerful, capable of carrying more than 16 tonnes to the Moon and 13 tonnes to Mars.

UBS Launches AI Tool to Scan 300,000 Firms in Seconds

September 11, 2024

Min

UBS Launches AI Tool to Scan 300,000 Firms in Seconds

UBS Group AG has developed a powerful AI tool capable of analysing over 300,000 companies in less than 30 seconds, enhancing its ability to offer clients M&A opportunities. The Swiss bank’s “M&A co-pilot” assists in identifying buy-side ideas, potential buyers in sell-side scenarios, and targets for activist campaigns.

BP Expands AI Use in Five-Year Deal with Palantir

September 10, 2024

Min

BP Expands AI Use in Five-Year Deal with Palantir

BP has signed a five-year deal with US tech company Palantir to enhance its use of artificial intelligence in oil and gas operations. The partnership aims to speed up decision-making by engineers through the use of large language models and digital twin technology.