AxeleraAI: A Boost For Europe’s AI Ambitions With A $66 Million EU Grant

by News Editor

March 10, 2025

AxeleraAI, a pioneering force in Europe’s tech landscape, has secured a significant boost with a newly awarded grant of up to 61.6 million euros ($66 million) aimed at revolutionizing AI chip technology for data centers. This pivotal investment aligns with the European Union’s strategy to enhance its competitiveness in the global AI arena against powerhouses like the United States and China.

Europe’s Strategic Move In AI Development

With funding channeled through EuroHPC, Europe is laying the groundwork for advanced AI infrastructures, including the construction of AI factories, which will serve as innovation hubs accessible to scientists and companies across the continent. AxeleraAI aims to develop an efficient chip for ‘inference’ processes, crucial for deploying robust AI models, while steering clear of direct competition with entrenched players like Nvidia.

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Titania Chip: The Next Frontier

Set to be built on the open-source RISC-V standard, the upcoming Titania chip promises enhanced performance and a cost-effective solution for expanding AI applications beyond traditional norms. This potential shift coincides with the emergence of cost-efficient AI models like China’s DeepSeek, further driving global demand for inference computing.

Past Achievements and Future Prospects

AxeleraAI’s journey, bolstered by investments from giants like Samsung, underscores a burgeoning ecosystem of innovation. Their existing chip, Metis, is already making waves in “edge AI” applications, proving indispensable in varied industrial landscapes.

The AI landscape is evolving, and with strategic moves like these, Europe—and Cyprus within it—is poised to become a significant player on the global stage. Explore more about how global tech dynamics are influencing local markets with our insights…

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EU Moderates Emissions While Sustaining Economic Momentum

by THEFUTURE.TEAM

November 15, 2025

The European Union witnessed a modest decline in greenhouse gas emissions in the second quarter of 2025, as reported by Eurostat. Emissions across the EU registered at 772 million tonnes of CO₂-equivalents, marking a 0.4 percent reduction from 775 million tonnes in the same period of 2024. Concurrently, the EU’s gross domestic product rose by 1.3 percent, reinforcing the ongoing decoupling between economic growth and environmental impact.

Sector-By-Sector Performance

Within the broader statistics on emissions by economic activity, the energy sector—specifically electricity, gas, steam, and air conditioning supply—experienced the most significant drop, declining by 2.9 percent. In comparison, the manufacturing sector and transportation and storage both achieved a 0.4 percent reduction. However, household emissions bucked the trend, increasing by 1.0 percent over the same period.

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National Highlights And Notable Exceptions

Among EU member states, 12 reported a reduction in emissions, while 14 saw increases, and Estonia’s figures remained static. Notably, Slovenia, the Netherlands, and Finland recorded the most pronounced declines at 8.6 percent, 5.9 percent, and 4.2 percent respectively. Of the 12 countries reducing emissions, three—Finland, Germany, and Luxembourg—also experienced a contraction in GDP growth.

Dual Achievement: Environmental And Economic Goals

In an encouraging development, nine member states, including Cyprus, managed to lower their emissions while maintaining economic expansion. This dual achievement—reducing environmental impact while fostering economic activity—is a trend that has increasingly influenced EU climate policies. Other nations that successfully balanced these outcomes include Austria, Denmark, France, Italy, the Netherlands, Romania, Slovenia, and Sweden.

Conclusion

As the EU continues to navigate its climate commitments, these quarterly insights underscore a gradual yet significant shift toward balancing emissions reductions with robust economic growth. The evolving landscape highlights the critical need for sustainable strategies that not only mitigate environmental risks but also invigorate economic resilience.

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