"President Obama is pulling out of Afghanistan, leaving the Taliban to take over again once the U.S. is gone. Makes the whole decade of war seem so worthwhile, right?" ~ Yasha Harari
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Laughzilla the Third (2012)
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Swedish startup Heart Aerospace has unveiled its first full-scale demonstrator hybrid-electric aircraft as it targets commercial flight by the end of 2029, a year later than previously planned. Heart revealed the prototype, dubbed HX-1, at its hangar in Gothenburg yesterday, which we toured earlier this year. The HX-1 prototype outside Heart’s hangar in Gothenburg, Sweden. Credit: Heart Aerospace The company will initially use the aircraft for ground-based testing, with the first flight scheduled for the second half of 2025 at the latest. It is set to be the largest electric plane to ever take to the skies. “It is a…
German startup Reverion has secured $62mn as it looks to scale a mini power plant that can generate clean energy, capture CO2, and make hydrogen all in one shipping container-sized unit. “Reverion’s technology works very efficiently in both ways — you can use the plants to store that energy and provide it back to the grid when there is demand,” Christoph Baumeister, principal at Possible Ventures, one of the investors in the round, told TNW. Reverion — spun-off from the Technical University of Munich in 2022 — will use the fresh funds to begin serial production of its power plants…
A Ukrainian startup forged by war is bringing counter-disinformation to the business world. Osavul was founded in 2022 to fight Russian propaganda. To analyse the threats, the company applied AI analytics to the information landscape. The startup surveys open-source data from social media, websites, and messaging apps. It then identifies harmful narratives — and the sources spreading them. The narratives have diverse forms. Osavul has detected fake news videos plastered with BBC logos, racial slurs hidden by slang, and generative AI amplifying Russian propaganda. Ukraine’s government has frequently sought the startup’s insights. So have NATO and the UK. But Osavul is…
One of the most popular pastimes you may or may not have heard about is flight tracking. For instance, in September 2022, the Royal Air Force Boeing C-17A Globemaster III carrying Queen Elizabeth II’s coffin from Edinburgh to an RAF base outside of London was followed by close to 5 million people. It is also a goldmine for data. Popular flight tracking websites display the trajectories of tens of thousands of flights per day across their digitised maps. But what you also may not know, is that this is only possible due to a network of dedicated volunteers who collect…
Nik Storonsky founded Revolut in 2015, gradually engaging consumers with the world of neobanks. Despite ups and downs throughout its journey, last month the startup became Europe’s most valuable private tech company reaching a valuation of $45bn. Storonsky is also among the European founders who have set up funds for other startups. In 2022, he launched VC firm QuantumLight, which focuses on AI-driven investments. QuantumLight has published today a playbook with step-by-step guidelines on how to build high-performance startups. “We are publishing best practices that I wish I had access to in the early days of Revolut,” said Storonsky, who co-wrote…