Swiss startup Jua has launched an AI weather model it says outperforms leading systems from tech giants — potentially making it the most accurate forecaster in the world. Jua claims its model — dubbed EPT-2 — is faster and more accurate than both Microsoft’s Aurora and Google DeepMind’s Graphcast. In separate, peer-reviewed studies, both of those […]
Swedish AI startup Lovable says it has surpassed $100mn in annual recurring revenue (ARR) just eight months after launch. This makes it the fastest-ever software company to reach the milestone — eclipsing the historically rapid growth rates of companies such as Cursor and Wiz. Lovable’s rise stems from the popularity of its generative AI platform. The […]
Spotify has been hit with another AI controversy after publishing computer-generated songs under the names of dead musicians. An investigation by 404 Media found that Spotify is releasing AI-generated songs on the pages of deceased artists — without approval from their estates or labels. One such track, “Together,” recently appeared on the official page of […]
Funding focus is a new series analysing cash flow into the European tech ecosystem. Last week, we looked at the largest investment rounds in fusion energy this year, and now we’re honing in on Europe’s booming defence tech arena. Europe’s defence tech startups secured $971mn in funding in the first half of this year, as VCs […]
The UK has just launched its most advanced supercomputer — the 11th most powerful in the world. Isambard-AI, hosted at the University of Bristol, officially went live this week. The machine was built by Hewlett-Packard Enterprises (HPE) using its Cray EX architecture and fitted with over 5400 NVIDIA Grace Hopper superchips. Its raw computing power […]