TNW News

A Falcon 9 rocket lifted off from Vandenberg Space Force Base in California on the morning of 7 July, carrying a satellite roughly the size of a loaf of bread that will spend the next year probing how European spacecraft can be attacked. The payload, called CyberCUBE, is the first European Space Agency mission run […]

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For years, electricity costs at the Belden Brick Company in Sugarcreek, Ohio, barely moved. Last year they jumped by 90%, driven largely by the data centres multiplying across the region to feed the AI boom. The 141-year-old manufacturer, whose bricks feature in landmarks including the Alamo and the University of Notre Dame, traced most of […]

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Expeditions, the Warsaw-based venture firm backed by BAE Systems and the NATO Innovation Fund, has closed a €197m ($225m) fund to back the next wave of European defence startups. The raise caps a boom that has seen defence prime BAE commit €50M to outside VCs and venture capital pour into the continent’s defence tech at record speed. The […]

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A former Tesla scientist who helped build the intelligence behind Elon Musk’s Optimus robot wants to do it all again from Paris, only this time for Europe. Rémi Cadene, chief executive and co-founder of the startup UMA, has unveiled plans for a lightweight, AI-powered humanoid called Northstar, Bloomberg first reported. he machine is being designed […]

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Nscale has closed a $900m revolving credit facility, a standing pool of borrowing it will draw on to speed up its data-centre build-out across the US, Europe, and Asia-Pacific, the company said on Tuesday. The London firm, which raised $2bn in a Series C at a $14.6bn valuation in March, is now stacking debt almost as […]

TNW News : Economy

Across a scorching European summer, the least glamorous machines in the economy have been quietly straining. In cold stores and distribution depots, compressors run harder as the mercury climbs, pulling more power at exactly the hours power is dearest. It is a problem most operators have simply lived with. Gyre Energy, an Oxford-founded energy tech […]

TNW News : Business

A federal judge has refused to overturn a jury’s finding that Elon Musk defrauded Twitter investors during his $44bn takeover of the platform in 2022. US District Judge Charles Breyer denied Musk’s motion to set aside the verdict in most respects on Monday. A San Francisco jury ruled in March that two of Musk’s May 2022 tweets about the […]

TNW News : Business

Security firm Sysdig says it has documented the first ransomware attack run end to end by an AI agent, first reported by Business Insider. A large language model planned, executed, and adapted the entire operation, which Sysdig has named JadePuffer. The agent chained together every stage of the attack, from reconnaissance and credential theft to lateral […]

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Klaus Schwab, founder of the World Economic Forum, says a routine security inspection found a covert listening device in his home office in Geneva, Bloomberg reports. The 88-year-old has filed a criminal complaint against persons unknown. The device was reportedly discovered at his private home close to the WEF’s premises. Who planted it, and when, is […]

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Pressure is mounting on the European Commission to act on spyware, after forensic evidence showed one of the EU’s own spyware investigators was hacked with Pegasus. Civil society groups issued a joint statement demanding the abuse be met with accountability, “not impunity”. Citizen Lab confirmed last week that Stelios Kouloglou, a Greek former MEP, was infected in October […]