Good news from around Europe
OpenAI’s new reasoning AI models hallucinate more OpenAI’s recently launched o3 and o4-mini AI models are state-of-the-art in many respects. However, the new models still hallucinate, or make things up — in fact, they hallucinate more than several of OpenAI’s older models. Hallucinations have proven to be one of the
ChatGPT: Everything you need to know about the AI-powered chatbot ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with
UK-based Vizzy raises £3.65M Seed to streamline early-career hiring London-based startup Vizzy, which provides companies with personalised digital CVs, has raised £3.65M in Seed funding. The round was led by Adjuvo, with backing from a network of prominent angel investors, including former Workday executive Rob Wells and England Rugby coach Sir
Bolt sounds alarm over Lyft’s €175M FREENOW acquisition: “We’re the last European alternative” San Francisco-based ride-hailing platform Lyft announced this week that it has agreed to acquire German multi-mobility app FREENOW — which includes a taxi booking service — from BMW Group and Mercedes-Benz Mobility for approximately €175 million. FREENOW
Vienna’s SALZSTROM raises over $1M pre-seed to for lithium replacement Austrian cleantech company SALZSTROM has secured over $1 million in a pre-seed round to advance its work on sodium-ion battery technology, positioning itself as a European alternative to lithium-ion energy storage. The round includes backing from Erste Bank and other
From a Congo prison cell to a $9M raise: how AgriDex is rewiring the backbone of global agriculture Sometimes, I get the life story of a startup founder who would make a great film. Henry Duckworth is the CEO and founder of AgriDex — a transparent blockchain marketplace for agriculture. Simply
Romania’s tech surge: Talent, capital & a bold vision Romania has become one of Eastern Europe’s most vibrant and promising tech hubs. In 2024, as noted in the Venture in Eastern Europe 2024 Report, Romanian startups raised a record €128.6 million, marking the fourth consecutive year of funding surpassing €100
AI keeps the lights on: European startups double down on AI as funding declines elsewhere Despite growing concerns around declining investment levels across the European startup ecosystem, a fresh wave of data highlights one sector that continues to defy gravity—artificial intelligence. This article draws on three recent studies that provide
British drone startup Hammer Missions secures €1.6 million to expand to USA London-based Hammer Missions, an AI company innovating how owners, architects, engineers and contractors inspect built structures with drone technology, has raised €1.6 million in new funding to accelerate its AI technology development and strategic expansion into North America.
EU-Startups Podcast | Episode 114: David Nothacker, Co-founder and CEO of Sennder This week on the EU-Startups Podcast, we sit down with David Nothacker, Co-founder and CEO of Sennder, Europe’s leading digital freight-forwarding platform. Sennder recently made a game-changing move by signing an agreement to acquire C.H. Robinson’s European Surface