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News
UK-based Humanoid secures $152m Series A funding
2+ hour, 18+ min ago (456+ words) The Humanoid team. Image: Humanoid The financing is the largest-ever Series A round for a humanoid-first robotics company in Europe, the company said. UK-based AI and robotics company Humanoid has secured a $152m Series A financing round at a post-money valuation…...
Revolut launches Australian banking entity after regulatory nod
3+ hour, 36+ min ago (290+ words) Revolut Bank Australia CEO Matt Baxby. Image: Revolut The UK fintech has major plans to become ‘the world’s first truly global bank’. Revolut will establish its first banking entity in the Asia-Pacific region after receiving regulatory approval in Australia. With…...
AI gets a seat at new UK PM Andy Burnham's cabinet table
9+ hour, 21+ min ago (274+ words) The UK's new AI Minister Kanishka Narayan. Image: UK Parliament All eyes were on Andy Burnham’s new cabinet picks as he assumed office yesterday as the UK’s newest Prime Minister. AI got its own seat for the first time. As…...
Samsung’s new robotics division appoints former Boston Dynamics lead
8+ hour, 48+ min ago (388+ words) The Korean company plans to establish robotics research hubs in the US, China and Japan and consolidate those operations under a strategy led by Dongkun Lee. Samsung Electronics is establishing a new robotics division reporting directly to its chief executive…...
Anthropic’s $1.5bn copyright lawsuit settlement gets final nod
9+ hour, 20+ min ago (358+ words) Each payout will amount to roughly $3,000 going to some 500,000 pieces of works. A US judge has approved Anthropic’s $1.5bn settlement of a major AI copyright lawsuit filed by a trio of authors, setting the record for the largest settlement in copyright…...
How this researcher helps parents with their children's mental health
1+ day, 5+ hour ago (782+ words) Sandra Connell. Image: University College Dublin Connell points to a noticeable upward trend in the levels of children experiencing anxiety. As a qualified mental health nurse for more than two decades, University College Dublin (UCD) PhD student Sandra Connell has…...
EU hits AliExpress with €550m fine over sale of illegal products
1+ day, 2+ hour ago (523+ words) Today’s announcement comes just a couple of months after the European Commission fined Temu over a similar DSA breach. The European Commission has issued a fine of €550m to online marketplace AliExpress today (20 July) for failing to prevent the sale of…...
Report: EMEA businesses not reaping benefits from their AI spend
1+ day, 4+ hour ago (575+ words) Research from ServiceNow indicates an 18-point gap between AI strategy and execution in EMEA. Despite massive artificial intelligence spending, European businesses are struggling to turn their investments into measurable results, a new ServiceNow index has found. Organisations across Europe, the…...
EU countries ahead of targets on public EV charging capacity
1+ day, 9+ hour ago (429+ words) Nearly all EU countries are hitting their capacity targets around electric vehicle (EV) charging infrastructure provision, according to environmental advocacy group the European Federation for Transport and Environment (T&E). New research provided by the group recorded that there were 1.1m public…...
Cambridge's CuspAI launches AI Materials Foundry, confirms $450m raise
1+ day, 9+ hour ago (454+ words) Prof Max Welling and Dr Chad Edwards, co-founders of CuspAI. Image: CuspAI CuspAI says materials discovery is the ‘single challenge’ holding back industrial progress – and it’s built a foundry of global partners to help solve it. Cambridge-based start-up CuspAI has…...