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 models were shown to be more accurate than the European Centre for Medium-Range Weather Forecasts (ECMWF)’s ENS forecast, widely regarded as the world leader. Jua backs up its bold claims with a new report, published today, that puts EPT-2 head-to-head with top-tier models — including…

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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 system allows non-technical users to build apps or websites based on simple text prompts.  The platform is the brainchild of Anton Osika, who co-founded Lovable in 2023. “I decided what we needed to do is build for the 99% who do not create software,” he…

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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 Blake Foley, a country singer who was murdered in 1989. The song sounds vaguely similar to Foley’s style, but the accompanying image features a blonde, young man who looks nothing like him.  404 Media linked the track to a company account called Syntax Error, which…

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As we move into the second half of 2025, the global tech ecosystem is navigating a heady mix of unpredictability and promise. Funding into newer tech firms remains complex, with Startup Genome reporting that while the Beijing, Los Angeles and Tokyo startup landscapes are seeing YoY growth, Paris is flat and the rest of the European ecosystem is in decline. Meanwhile, the technology landscape continues to evolve at an accelerating pace. As Deloitte’s 2025 Tech Trends report states: “technology optimisation and transformation have never been more important as innovation continues to fuel innovation.” This is creating a landscape where large…

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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 look to capitalise on the continent’s push to rearm amid heightened geopolitical tensions.  Funding in H1 2025 has already shot past the whole of 2024 — the previous record year — which saw defence startups raise $605mn, according to Dealroom data. German startups led the…

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