Enlarge/ The HP LaserJet M106w is one of the printer models that is mysteriously appearing for some users in Windows 10 and 11.
HP
Earlier this month, Microsoft posted a new entry in its list of known issues with fully up-to-date Windows 11 PCs: The HP Smart printer app was installing automatically on Windows 10 and Windows 11 PCs whether they had an HP printer installed or not, changing the names and icons of their connected printers and causing error messages.
Affected PCs will usually appear to have an HP LaserJet M101-M106 connected, so look for that model number in your list of printers (people who actually own one of those HP LaserJets presumably won’t have problems). All versions of Windows 11 are affected, plus all currently supported versions of Windows 10; Windows Server versions going back to 2012 can also be affected.
Microsoft continues to look into the issue, but in an update posted yesterday, the company stated unambiguously that HP was not to blame. The company also says that most printers should continue to work fine, and that they “will continue to use the expected drivers for printer operations.” But if your printer relies on a third-party app for additional functionality, that may be broken.
The way that print drivers work has changed a lot in the last few years, something that probably partially explains both the unwanted app installation and the fact that basic printing should mostly continue to work.
Rather than using bespoke drivers, modern printers connected to computers running modern OSes mostly use a generic driver built on top of the Internet Printing Protocol (IPP). This prevents problems caused by using old proprietary printer drivers with a modern OS and also allows operating systems that can’t install proprietary print drivers (like iOS) to use printers anyway. These generic drivers have been successful enough that Microsoft is slowly deprecating legacy print drivers entirely.
To add extra printer-specific functionality, then, printer manufacturers now need to do it in separate apps like HP Smart, which augment the core functionality provided by the generic driver. Microsoft calls these Print Support Apps. When you connect a new printer to Windows, it will usually download that app and install it automatically, the same way that Windows Update automatically tries to install drivers for new GPUs, webcams, or other accessories the first time you connect them.
It’s likely that whatever bug is causing the problem made these PCs believe they had an HP printer connected, and then Windows worked the way it’s designed to work and downloaded the HP printer app as a result. The questions are: What caused this bug? Can it also cause other problems? And can it be rolled back so that the HP app disappears and everyone’s printers go back to looking and working the way they’re supposed to? Microsoft will hopefully have answers for some or all of these soon.
According to a report in Bloomberg, Tang Tan, vice president of Product Design, is leaving Apple, and his departure heralds a shuffle of executives heading up some of the company’s most important products.
Sometimes, you might wonder just how much a specific executive influences the grand scheme of things, but the report claims that people within Apple see Tan’s departure as “a blow,” clarifying that he “made critical decisions about Apple’s most important products.” His team reportedly had “tight control” over the look and functionality of those products.
Tan oversaw major aspects of iPhone and Apple Watch design, and he was the executive overseeing accessories and AirPods, as well. He reported to John Ternus, Apple’s senior vice president of Hardware Engineering, who is likely a more widely known name.
Richard Dinh, “Tan’s top lieutenant and head of iPhone product design,” will report directly to Ternus and take on some of Tan’s duties, while Kate Bergeron, previously involved in Mac hardware engineering, will take on the Apple Watch.
Apple has seen several executive departures from its product design and engineering groups recently, so many aspects of upcoming iPhones and other products will be designed with new eyes and perhaps new sensibilities, though what that might lead to remains to be seen.
Apple recently shifted the iPhone from the company’s proprietary Lightning port to a more standard USB-C, and it changed the materials for its Pro line of phones. Despite tweaks like that, the iPhone’s design and functionality has not changed significantly in the past five or so years.
The iPhone 16 line in 2024 is expected to shake things up a little more, at least regarding the phone’s look and feel. Rumors have suggested that the new phones may have larger screens (and bigger chassis overall) and perhaps haptic buttons instead of the current physical buttons. Other changes could be in store, and Apple’s plans are likely not yet finalized.
German multi-modal travel unicorn Omio has teamed up with compatriot search engine Ecosia to create a tree-planting rail travel booking tool. It means users will be able to search and book train journeys through Ecosia’s website, powered by an API-integration with Omio’s travel platform.
The booking platform will automatically pop up via a simple query search for trains, or for destinations where train travel is possible, say London to Paris. It will be available in 15 countries: the UK, Austria, Belgium, France, Germany, Italy, Nordics, North America and Canada, Portugal, Spain, Sweden, Switzerland, and Ukraine.
The intention behind the new tool being rolled out this month is two-fold. Firstly, to make sustainable rail options more visible as an alternative to air travel. Secondly, all the commission Ecosia receives from successful bookings will go directly toward the search engine’s green initiatives.
Note that this is nota form of offsetting, meaning that it is not intended to “cancel out” any carbon emissions produced by your journey (a popular but, let’s face it, greenwashing tool employed by airlines during the booking process).
Providers accessible through the new tool include Amtrak in the United States, LNER, GWR, Avanti in the UK, SNCF in France, OBB in Austria and Eurostar.
The <3 of EU tech
The latest rumblings from the EU tech scene, a story from our wise ol’ founder Boris, and some questionable AI art. It’s free, every week, in your inbox. Sign up now!
Born from the Berlin startup scene
In the land of internet searches, where one company is so synonymous with the activity that it has become a verb, you’d be forgiven for not having heard of Ecosia. However, the platform does see 20 million users globally every month.
Founded in 2009 by Christian Kroll, the tech company dedicates 100% of its profits to planet-friendly initiatives. These include having planted over 175 million trees all over the world, in collaboration with local communities.
The company, the first to become an accredited B Corp in Germany in 2014, has also supported regenerative agriculture projects, and invested into renewable energy.
“Our users want choice over how they travel, and they want to travel sustainably — that’s evident in the sheer volume of searches we’re seeing each month on Ecosia,” said the company’s Chief Product Officer Michael Metcalf.
“If a healthy proportion of the two million searches made for train journeys on Ecosia each month translate into bookings, this will allow us to invest in our other environmental initiatives pushing back against the climate emergency,” he continued.
Fellow Berliner Omio was first introduced as GoEuro in 2013 by founder Naren Shaam. Today, the multi-modal platform issues travel tickets across 37 countries, in 21 different languages, and 26 different currencies, for 1000+ travel transportation providers.
Following a growth of 100% up until 2019, Omio experienced a couple of incredibly tough years during the pandemic where 98% of the company’s revenue basically evaporated overnight. However, almost exactly a year ago, Omio announced a Series E funding of $80mn (approx. €72mn) to take its total funding up to $480mn (€434mn).
As dry and bureaucratic as EU legislation may seem, it can also be groundbreaking and, dare we say it, radical. The bloc has taken a global lead in tackling regulation in areas such as green taxonomy and the much-anticipated AI Act. European lawmakers are also at the forefront in trying to curb the seemingly ever-growing dominance of Big Tech.
The Digital Markets Act (DMA) is the EU’s tool to attempt to open the digital app marketplace up for smaller competitors. It sets criteria to identify the “gatekeepers” of the market and make them comply with a certain list of do’s and don’ts.
Among other things, the DMA will promote interoperability, forcing companies like Google, Apple, and Meta to let users link rival apps to their services. This means that Apple will need to release the tightly controlled (and heavily commissioned) grip it exerts through its app store.
In the words of Cédric O, France’s then-digital economy minister, upon the signing of the act last year, “Don’t break them up, break them open.”
Theoretically, it also means that users of different messaging apps will be able to contact each other from, say, WhatsApp to Telegram, but it is unclear how this would actually be implemented. It will also forbid the gatekeeper companies from doing things such as track their users outside core platforms for targeted marketing without consent.
While it entered into force on 1 November 2022, the DMA technically began applying yesterday, 2 May 2023. This means that potential gatekeeper tech companies now have until 3 July to notify their core platform services to the European Commission.
The Commission will then have 45 working days (until 6 September) to decide whether or not they pass the gatekeeper threshold. If the Commission concludes that the company in question does indeed meet the designated criteria, the gatekeeper will then have six months (until 6 March 2024) to comply with the requirements set out in the DMA.
In the case of non-compliance, the Commission can impose fines of up to 10% of the company’s total worldwide annual turnover. In the event of repeated infringements this can increase to 20% plus periodic penalty payments of up to 5% of the company’s total worldwide daily turnover.
Europe ‘strengthening digital sovereignty’
So who are the “gatekeepers?” According to the DMA, they are platforms in the digital markets that “have a significant impact on the internal market, serve as an important gateway for business users to reach their end users, and which enjoy, or will foreseeably enjoy, an entrenched and durable position.”
As with all legal texts, the criteria go into significant detail. Simplified, they entail that companies will be considered gatekeepers if they have a market capitalisation of more than €75 billion, and 45 million monthly active users in the EU.
There are 10 platform services listed in the DMA. These are:
Online intermediation services;
Online search engines;
Online social networking services;
Video-sharing platform services;
Number-independent interpersonal communication services;
Operating systems;
Cloud computing services;
Advertising services;
Web browsers;
Virtual assistants.
A company may be listed as a gatekeeper for more than one service.
Together with the Digital Services Act (DSA), the DMA forms one of the central columns of the EU’s digital strategies. They are both part of a regulatory program known as A Europe Fit For the Digital Age.
Adopted three years ago, it is part of the Commission’s ambition to make this Europe‘s ‘Digital Decade’ in which it will “strengthen its digital sovereignty and set standards, rather than following those of others – with a clear focus on data, technology, and infrastructure.”
Get the TNW newsletter
Get the most important tech news in your inbox each week.
At the beginning of the year, news readers were treated to images of German police forcefully removing climate activists from the village of Lützerath to make way for an open-air coal mine. Indeed, Germany may have averted a looming energy crisis this past winter by upping its coal consumption.
While prioritising energy independence may have caused a detour from the transition to renewables, the country’s goal is to reach climate neutrality by 2045: five years ahead of the EU target. A small step on the way but a step nonetheless is Europe’s first solar panel roof-covered cycling path which opened this week in the city of Freiburg, about a two-hour drive south of Stuttgart.
The photovoltaic (PV) pilot project consists of a 300-metre-long installation featuring over 900 translucent glass solar panels, and will generate around 280 MWh of solar power per year. Solarwatt, the producer of the panels covering the path, says they are particularly durable as the solar cells are enclosed on the front and back by robust glass panes.
Existing infrastructure has increasing role to play
The cleantech company now has three decades of experience creating solar panels and currently employs over 800 people across Europe. In 2022, it acquired Utrecht-based battery-storage specialist REConvert for an undisclosed amount, establishing a Dutch subsidiary.
Solarwatt’s CEO Detlef Neuhaus believes rethinking photovoltaics will be essential for Germany’s transition to clean energy, and sees an untapped potential in already existing infrastructure.
“Already sealed areas such as parking lots, paths and roads are playing an increasingly important role,” Neuhaus said. “We are proud that we could contribute our part to the success of this innovative pilot project.”
Credit: Badenova AG & CO
The modules used in the bike lane project have general technical approval from the German Institute for Building Technology (DIBt). This means that they can be used without any restriction for both private and public projects, without the need for case-by-case testing.
Solar-powered neighbour stadium
Meanwhile, the pilot bicycle lane is situated close to the SC Freiburg football stadium. The arena is already equipped with a 2.4MW solar panel roof, courtesy of around 6,000 heterojunction solar modules from Swiss manufacturer Meyer Burger.
This makes it the third-largest solar panel installation on any stadium in the world. (The largest belongs to Turkish Süper Lig football club Galatasaray’s home arena Nef Stadium, which comprises more than 10,000 panels.)
The potential for much longer PV-roofed paths
This may be Europe’s first solar panel roof-covered bicycle path (excluding several projects where the path itself has been covered with PV panels). However, since 2014, South Korea boasts a 9 kmbicycle lane covered by a roof made of solar panels.
This 4-metre wide lane runs in the middle of an eight-lane highway, and connects the cities of Daejeon and Sejong. Its 7,502 solar panels are capable of producing 2,200MWh per year – the equivalent of powering around 600 households, according to the country’s Ministry of Land, Infrastructure and Transport. Several other Korean cities have implemented the technology, but this remains the longest and most power-generating project to date.
Get the TNW newsletter
Get the most important tech news in your inbox each week.
While the UK is being labelled as “closed for business” and Rishi Sunak is playing Unicorn Kingdom in Silicon Valley, the British chip industry risks losing some of its strongest players due to a lack of supportive policies.
Based in Cambridge, UK, Pragmatic Semiconductor, funded in part by the CIA’s investment branch In-Q-Tel, has created an ultra-thin, ultra-low-cost, flexible integrated circuit (FlexIC). Instead of relying on silicon, it is made from indium gallium zinc oxide at a fraction of the cost.
The application of the technology spans a wide range of sectors, including healthcare, pharmaceuticals, packaging and games. In the words of Pragmatics, it offers “digital traceability and interactivity to everyday objects.”
Scott White is the Founder and Executive Director, Strategic Initiatives, of Pragmatic. According to White, the company could end up leaving British shores if the UK government’s semiconductor strategy fails to meet expectations.
So what would British politicians need to offer to provide adequate support to rival the allure of the US $52.7 billion CHIPS Act? White tells TNW that Pragmatic wants to see the government support innovative new companies through public procurement.
“By creating home-grown revenue opportunities, and becoming a major customer for new semiconductor technologies addressing key national priorities such as net zero and affordable healthcare, the government can provide the reassurance and certainty that investors need to support startups and scaleups,” White said.
Following the lead of Arm?
The current lack of ability to effectively raise funding for the business in the UK means that Pragmatic could move its operations overseas. Furthermore, it could potentially list outside of the UK in the future, following in the footsteps of Cambridge-compatriot Arm. Earlier this year, in a significant blow to London, the chip architecture giant and crown jewel in the UK tech industry chose to only list the company in New York.
What would a sufficient strategy look like in more detail? White believes that annual public sector procurement targets, commitments for public institutions to ‘buy British’, and encouraging public bodies, like NHS Trusts, to explore uses of the technology, would provide the required opportunities.
Furthermore, such a strategy would address both supply and demand, ultimately making “the UK a more attractive place from which innovative semiconductor companies can build and maintain a global base.”
Funding from the government, the CIA and… China
After a Series C $125 million round (an oversubscription by more than 50%) late in 2022, the CIA’s investment branch In-Q-Tel, also referred to as IQT, owns part of Pragmatic. British Patient Capital, a subsidiary of the UK government’s economic development bank, also participated in the funding.
The company has now raised over $190 million to date and employs over 200 people. Puhua Capital, a Hangzhou-based VC focused on health and technology, has also invested an undisclosed amount. Although, Pragmatics has intentionally kept Chinese investment low, due the sensitive geopolitical situation.
The geopolitics of chip-making capabilities
According to Chris Miller, the author of Chip War: The Fight for the World’s Most Critical Technology, the process of designing and manufacturing chips is the most complex technological process that humans have ever undertaken. In Miller’s words, the supply chain needed to produce an advanced chip “stretches across multiple continents, involves some of the most purified materials, and the most precise machine tools ever made.”
In 2022, the global semiconductor market size was over $573 billion, and is predicted to grow to $1,380.79 billion by 2029. Meanwhile, Miller further believes that it is not only a matter of business, economics or technology, but also a question of political relevance as to which countries have these capabilities and which don’t.
As such, successful startups like Pragmatic could find themselves caught in strategic tug-of-wars, stretching well beyond the scope of applied technological excellence.
Get the TNW newsletter
Get the most important tech news in your inbox each week.
Wherever you fall on the quantum sceptic spectrum, you cannot deny that the potential of the technology is fascinating. Don’t worry, we will admit to not understanding it fully yet either, but the founders of QuiX Quantum do.
Together with scientists from the Leibniz University Hannover, the team has demonstrated a fully-integrated quantum light source on a chip smaller than the size of a one-euro coin.
The study, called “Fully on-chip photonic turnkey quantum source for entangled qubit/qudit state generation,” just FYI, was published in Nature Photonics this week. Its results could reportedly prove a game-changer for technologies such as quantum computing.
Photonics offer temperature advantages
Quantum photonics is a field of research that explores the behaviour of light and its interactions with matter at the quantum level. Quantum light sources produce photons that can be used as quantum bits, or qubits. One of the main advantages of photonics compared to superconductor approaches is that it is compatible with room temperature operating conditions.
However, most sources are external laser systems, making them bulky and non-reproducible and thus unsuitable for out-of-lab use or production at larger scale. Integrated, or on-chip sources are becoming popular due to being more compact and stable.
A fully-integrated light source, such as the one demonstrated by QuiX and Leibniz University scientists, will allow all stages of the Quantum Information Processing (QIP) to be on a single chip, which will lead to greater stability and scalability of the technology.
Plug-and-play photonics solutions
QuiX Quantum was founded in January 2019. Since then, the company has raised over €5.5 million in funding and already become the European market leader for quantum computing hardware based on photonics. They sold their first quantum processors in 2021, and are building 8- and 64-qubit Universal Quantum Computers worth €14 million for the German Aerospace Center.
The company says its goal is “the continued disruption of quantum computing with our high-tech, scalable, future-proof, plug-and-play integrated photonic solutions.” Its recent breakthrough could not come at a better time. The EU has just launched a €19 million project to help quantum startups transition from lab to market.
Earlier this year, QuiX Quantum took home the prestigious Prism Award for its 20-mode Quantum Photonic Processor. This award is known as the “Oscars of Photonics,” presented during the Photonics West conference in San Francisco.
“In four years, we went from an idea to delivering award-winning, market-leading hardware for photonic quantum computing,” Stefan Hengesbach, CEO of Quix, stated. “This awarded processor is the core element of our current generation quantum computers, which has already created a huge impact in the quantum ecosystem as an excellent tool to perform fundamental quantum mechanical experiments on-chip.
Get the TNW newsletter
Get the most important tech news in your inbox each week.
Anyone who has ever experienced phantom ringing in their ears knows that it is a nuisance to say the least. Those who have tinnitus – hearing continuous ringing, buzzing, humming or even roaring sounds – often experience anxiety and depression as a result.
The condition affects approximately 15% of the global adult population. However, treatment has remained elusive, with those afflicted left to find their own ad hoc mitigation solutions.
Neuromod, a medtech startup from Ireland, is looking to change that. The company has just received €30 million in funding to further commercialise its tinnitus treatment device, Lenire.
A different kind of electrotherapy
With its patented bimodal neuromodulation technology, Lenire works by sending mild electrical signals to the tongue, while patients listen to auditory stimulation through headphones.
Thus far, over 700 patients have participated in clinical trials with the device, which consists of three parts. A handheld, lightweight controller allows the user to control timing, intensity and synchronisation of the stimuli, while Neuromod’s proprietary Tonguetip module sits in the user’s mouth, administering electrical pulses to the top of the tongue. Simultaneously, Bluetooth headphones deliver customised sound stimuli to the auditory nerve.
The <3 of EU tech
The latest rumblings from the EU tech scene, a story from our wise ol’ founder Boris, and some questionable AI art. It’s free, every week, in your inbox. Sign up now!
Taking Neuromod across the Atlantic
As with most medtech, due to regulatory procedures, the company’s trajectory from inception to trials to market is somewhat longer than for startups in other sectors.
Neuromod Devices was founded in 2010, and the funding raised this week brings the total capital raised to over €55 million. The latest round consists of €15 million in equity investment and €15 million in venture debt, with the latter provided by the European Investment Bank.
The equity investment is led by Panakés Partners, a venture capital firm based in Milan, with the expressed goal of “providing a better life to people all around the world.” Panakés Partners’ managing director Alessio Beverina will join Neuromod’s board.
Existing investor Fountain Healthcare Partners also participated in the expansion of the Series B funding.
With the previous round of Series B funding, which took place in 2020, Neuromod used the funds to expand its presence across Europe. This time, while still looking to increase accessibility to the device in new European markets including the Netherlands, Sweden, and Italy, the funds will also support the launch of Lenire in the US.
The company has already established a wholly owned subsidiary, Neuromod USA Inc, and gained De Novo approval from the FDA. Initial patient treatment in the US will begin this month.
Tinnitus treatment is one of the largest unmet clinical needs in the world. For some of the millions of people suffering from phantom sounds around the clock, perhaps Neruomod’s Lenire could provide relief from the constant uninvited companion in their ears.
This story is syndicated from the premium edition of PreSeed Now, a newsletter that digs into the product, market, and founder story of UK-founded startups so you can understand how they fit into what’s happening in the wider world and startup ecosystem.
Whether you believe it’s the future of everything, or just a useful tool that will be part of the mix of tech we regularly use a few years from now, augmented reality is a rapidly developing field with one major drawback – like VR, it can leave you feeling sick.
For example, US soldiers who tried Microsoft’s HoloLens goggles last year suffered “‘mission-affecting physical impairments’ including headaches, eyestrain and nausea,” Bloomberg reported.
While the technology could “bring net economic benefits of $1.5 trillion by 2030” according to PwC, this sickness is a massive inhibitor to the growth of AR and VR.
One startup looking to tackle the problem is Cambridge-based Lark Optics, which has developed a way of bypassing the issues that cause these problems.
“In the real world, we perceive depth by our eyes rotating and focusing. Two different cues need to work in harmony. However, in all existing AR glasses, these cues fundamentally mismatch,” explains Lark Optics CEO Pawan Shrestha.
Having to focus on a ‘virtual screen’ on augmented reality glasses, means users have to switch focus between the real world and the augmented one. This depth mismatch causes physical discomfort and conditions like nausea, dizziness, eyestrain, and headaches.
What Lark Optics does differently, Shrestha says, is it projects the augmented reality image onto the user’s retina. This means the AR is always in focus no matter what your eyes do to adjust to the real world around you.
So far the startup has developed a proof of concept and is now iterating to refine its demonstrator model. Shrestha says they conducted two successful user studies with their proof of concept; one in their own lab and another with an external partner he prefers not to name.
When the tech is ready, they want to use a fabless model for producing the components they design, which they will then sell to original equipment manufacturers who make AR headsets.
Given they’re addressing such a fundamental challenge to the mass adoption of AR, it’s unsurprising that other companies are tackling it in other ways (more on that below). But Shrestha says his startup’s approach is the most efficient in terms of processing power and battery power, and doesn’t affect the user’s field of vision.
Shrestha grew up in rural Nepal (“really rural… I was nearly nine years old before I saw electric lights”). He says his parents’ enthusiasm for his education eventually led him to New Zealand where he obtained a masters degree in Electronics Engineering from the University of Waikato.
Keen to develop technology he could commercialise, he says he developed an interferometer. While that venture didn’t work out, his work led him on to a PhD from the University of Cambridge, where he spotted the commercial potential of a new approach to AR displays.
“It was scientifically challenging, but it was also something that could touch the lives of many, many people,” he says.
Shrestha co-founded Lark Optics (which was previously known as AR-X Photonics) with his friend Xin Chang, and Daping Chu who previously oversaw the PhD work of Shrestha and Chang. The trio have been working together for around a decade but only got started with Lark Optics in earnest last year,
Shrestha says this week they have been joined by a new recruit, Andreas Georgiou, who previously worked at Microsoft as a principal researcher in the field of optical engineering.
The Lark Optics team (L-R): Weijie Wu, Dr Pawan Kumar Shrestha, Professor Daping Chu, Dr Andreas Georgiou, Dr Xin Chang
Perhaps unsurprisingly, Shrestha says being based in Cambridge is a big benefit to them, with a community of experienced advisers around them, and access to relevant investors. He is particularly inspired by the progress made by Micro LED tech startup Porotech, which has raised a total of $26.1 million to date.
And Shrestha has warm words for the Royal Academy of Engineering’s Enterprise Fellowship, of which he is a part. This provides up to £75,000 in equity-free funding to cover salary and business costs, along with mentoring, training and coaching. This was what allowed him to get started on developing Lark Optics as a business.
Lark Optics itself raised a pre-seed round of £210,000 in October last year, Shrestha says, and will be raising a seed round in Q2 this year.
As mentioned above, others are tackling the problem of AR sickness in different ways. LetinAR uses a ‘pin mirror’ method, Kura Technologies has developed a ‘structured geometric waveguide eyepiece’, while VividQ “compute[s] holograms in real-time on low power devices and integrate[s] them with off-the-shelf display hardware.”
Another company, SeeReal develops holography-based solutions to address depth issues in 3D displays.
But Shrestha says these rival technologies either require a very high level of data throughput, with a related computational and battery power overhead, or require very high resolution displays. And while some techniques decouple the AR display from the real world like Lark Optics does, Shrestha says they are “like looking through a chicken fence.
“We solved the problem without getting a significant penalty on processing power or battery power, or artefacts. So that’s why I think our approach is the best.”
Lark Optics’ ambition is to become established as the best optics for AR, VR, and mixed reality glasses.
“We want to realise the full potential of AR and VR. Now we have AR and VR you can wear for 20 minutes or 30 minutes. We want to make it feel as natural to look at real objects, VR ,or AR, and allow people to use it for all-day, everyday use.”
Shrestha sees the biggest challenge to achieving this is being able to recruit the right people in what is quite a specialised field. But he’s optimistic that attracting just one or two high-level people will end up attracting more, and the endorsement of a good seed round raise in the coming months won’t hurt either.
AR, VR, and MR has been massively hyped in recent years but there have been questions over how much of a future it has. Investor disquiet over Meta’s huge spending in the ‘metaverse’ space, and Microsoft’s job cuts in its HoloLens division as it struggles to turn it into a viable business, show that there’s no straight line from here to a future where this tech is widely used.
But that said, the current jitters of the public markets over stock prices and tech company spending isn’t an end for AR, VR, and MR at all. Apple’s first headset is on the horizon, which will no doubt spin up another wave of interest in the space (although the latest report says it’s been delayed two months, until June).
If technology like Lark Optics’ can help prepare AR, VR, and MR for the mainstream, the startup could be well positioned to reap the rewards.
The article you just read is from the premium edition of PreSeed Now. This is a newsletter that digs into the product, market, and story of startups that were founded in the UK. The goal is to help you understand how these businesses fit into what’s happening in the wider world and startup ecosystem.
Ioanna is a writer at SHIFT. She likes the transition from old to modern, and she’s all about shifting perspectives. Ioanna is a writer at SHIFT. She likes the transition from old to modern, and she’s all about shifting perspectives.
What is happiness? And how can we be happy? These questions are integral to the human experience, but their answers can be elusive. We can apply several perspectives to approach them, through philosophy or psychology, for instance. We can also use our personal view of our feelings and goals as we navigate through life. But can we bring a scientific approach to happiness?
Meik Wiking, CEO of the Happiness Research Institute in Copenhagen, believes we can. The institute combines qualitative and quantitative methods to provide insights on well-being, happiness, and the quality of life.
Its mission? To inform decision-makers in companies and communities of the causes and effects of happiness, and, in turn, make subjective well-being part of the public policy debate on a local, national, and international level.
We caught up with Meik Wiking at TNW 2022 and asked him the big questions around happiness. If you’d like to get his insights in full, check out the video embedded at the top of this article. Alternatively, you can watch it right here.
“Happiness is a dish with many different ingredients on it,” Wiking told us. “It’s about experiencing positive emotions on a daily basis, being satisfied with life overall, and having a strong sense of purpose or meaning.”
Above all, happiness is an emotion, Wiking explained, and as such it’s subjective. This means that individual perceptions of it vary, making each person the only judgeof whether they’re happy or not.
So what can we do to cultivate this emotion and be happier? Wiking suggests there’s an ABC in happiness as well. A stands for “act,” B stands for “belong,” and C stands for “commit.” In other words, these are the three steps: doing something active, doing something together with other people, and doing something meaningful.
But is happiness only a matter of perception or do external circumstances also play a role? And is it possible for the whole world to be happier?
Ioanna is a writer at SHIFT. She likes the transition from old to modern, and she’s all about shifting perspectives. Ioanna is a writer at SHIFT. She likes the transition from old to modern, and she’s all about shifting perspectives.
Although the UK has set out ambitious clean energy targets, it risks lagging behind the US and the EU in attracting the required investments, two of the country’s energy trade organisations have warned.
Ahead of the Chancellor’s Spring Budget next month, Energy UK and Renewable UK have published two separate reports, calling on the government to implement measures and rule changes that will enable the UK to attract vital private investment in renewables.
“The renewable energy sector is facing a perfect storm this year.
According to Energy UK’s report, investment in low-carbon electricity generation “has deteriorated significantly” in the past months, owing to soaring inflation, increasing interest rates, supply chain difficulties, policy uncertainty, and “poorly designed” windfall taxes that presently “favor oil and gas extraction.”
The trade organisation estimates that an additional investment of £500 billion would be needed between now and 2050 to meet the UK’s Net Zero goals. But without government action, it expects a £62 billion investment loss by 2030. This would translate to a shortfall of 54GW of potential wind and solar capacity — enough electricity to power every home in the UK.
“The UK is in increasing danger of undermining its own ambitions and failing to deliver on its commitments, “Emma Pinchbeck, Energy UK’s CEO, said. “In many ways, the UK has led the way in the transition to clean energy — witness our world-leading offshore wind industry — but we risk squandering this position and driving the investment that we need elsewhere.”
The fierce global competition for investment, skills, and supply chains was also cited by Renewable UK’s Executive Director of Policy Ana Musat, who highlighted that “the US and the EU are in a race to offer incentives to clean energy investors.”
Both trade organizations are calling for measures such as implementation of more attractive regulations, faster project planning, more sustainable renewable electricity prices, and new fiscal measures policies like reforming the windfall tax and respective tax reliefs.
“We are at a pivotal point right now with other countries actively trying to attract the same companies and investors and it would be unforgivably complacent to think that we don’t need to do the same,” Pinchbeck noted. “This is a once-in-a-generation opportunity and if we don’t seize it now, we will miss out not just on cheaper, cleaner energy but on the huge boost to our economy such investment will bring in terms of growth, jobs and other benefits.”
Get the TNW newsletter
Get the most important tech news in your inbox each week.
Ioanna is a writer at SHIFT. She likes the transition from old to modern, and she’s all about shifting perspectives. Ioanna is a writer at SHIFT. She likes the transition from old to modern, and she’s all about shifting perspectives.
According to EU data, numerous vital tech sectors in the bloc have been suffering from supply shortages in semiconductor chips, mainly as a result of the European dependency on imports from a limited number of companies and countries. To address this issue, the union aims to boost its domestic industry by implementing new legislation.
On Wednesday, the European Parliament adopted its position on two proposed draft bills: the Chips Act and the Chips Joint Undertaking.
On the Chips Act, MEPs endorsed the text put forward by the Industry Committee and expressed their support of its three main measures:
Reinforcing technological capacity and innovation and attracting talent.
Encouraging investment and increasing production capacity.
Implementing a crisis response mechanism, enabling the Commission to monitor semiconductor supply, assess risks, and anticipate shortages.
Commenting on the Chips Act, rapporteur Dan Nica said that it should establish Europe as a “key player” in the global semiconductor market. “Not only does the budget need to be commensurate with the challenges and funded through fresh money, but the EU should lead in research and innovation, have a business-friendly environment, a fast permitting process and invest in a skilled workforce for the semiconductor sector,” he added.
On a separate vote, MEPs also backed the Chips Joint Undertaking proposal, which implements the measures put forward under the Chips for Europe initiative, and complements the Digital Europe and Horizon Europe programmes. Its aim is to increase investment in research, development, and innovation infrastructure in order to bolster large-scale capacity building.
“Microchips are integral to the EU’s digital and green transitions as well as our geopolitical agenda,” rapporteur on the Chips Joint Undertaking Eva Maydell said. “We are calling for fresh funding that reflects the strategic importance of Europe’s chips sector. Europe’s partners and competitors are also investing heavily in their semiconductor facilities, skills, and innovation.”
The European Parliament is now ready to begin talks with the Council on both bills. If negotiations are successful, the Chips Act could be a game changer for Europe. Earmarked at €43 billion and aiming to account for 20% of the world’s supply by 2030, the act could help the EU reinforce its competitiveness and sovereignty in the sector.