Cyprus ends citizenship program after corruption probe

Cyprus is ending a citizenship program after an undercover investigation found elected officials were willing to help criminals get passports if they made real estate and other investments. The Cypriot government announced Tuesday the Cyprus Investment Programme would end Nov. 1, according to Al Jazeera. The statement came just a day after Al Jazeera published a report implicating high-ranking officials in schemes to help convicted criminals obtain Cyprus passports, which allow access to the rest

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EU’s Google-Fitbit antitrust decision deadline pushed into 2021

The deadline for Europe to make a call on the Google -Fitbit merger has been pushed out again — with EU regulators now having until January 8, 2021, to take a decision. The latest change to the provisional deadline, spotted earlier by Reuters, could be the result of one of the parties asking for more […]

IAB Europe’s ad tracking consent framework found to fail GDPR standard

A flagship framework for gathering Internet users’ consent for targeting with behavioral ads — which is designed by ad industry body, the IAB Europe — fails to meet the required legal standards of data protection, according to findings by its EU data supervisor. The Belgian DPA’s investigation follows complaints against the use of personal data […]

Brighteye Ventures’ Alex Latsis talks European edtech funding in 2020

Brighteye Ventures, the European edtech venture capital firm, recently announced the $54 million first close of its second fund, bringing total assets under management above $112 million. Out of the new fund, the 2017-founded VC will invest in 15-20 companies over the next three years at the seed and Series A stage, writing checks up […]

Google will let everyone migrate from Hangouts to Chat for free in 2021

Google’s strategy around its messaging apps is nothing if not messy right now (hello Hangouts, Meet, Chat, Duo and Co.), but it looks like things will get a bit easier come next year. We already knew that Hangouts’ time was coming to an end and as Google announced today, the company will allow all current […]

Nvidia will power world’s fastest AI supercomputer, to be located in Europe

Nvidia is is going to be powering the world’s fastest AI supercomputer, a new system dubbed ‘Leonardo’ that’s being built by the Italian multi-university consortium CINECA, a global supercomutin leader. The Leonardo system will offer as much as 10 exaflops of FP16 AI performance capabilities, and be made up of more than 14,000 Nvidia Ampere-based […]

Koyeb raises $1.6 million for its serverless data-processing engine

French startup Koyeb has raised a $1.6 million (€1.4 million) pre-seed round. The company focuses on data-processing workflows across multiple cloud providers. It hides many complexities using a serverless model. Jean-David Chamboredon and Juliette Mopin from ISAI are leading the round with Plug and Play Ventures, Kima Ventures, AceCap and a long list of business […]

France and the Netherlands signal support for EU body to clip the wings of big tech

The French and Dutch governments have signalled support for EU rules that can proactively intervene against so-called gatekeepers, aka “structuring platforms” or “large digital platforms with significant network effects acting as gatekeepers” — or, more colloquially, ‘big tech’. They have also called for a single European body with enforcement powers over such platforms — and […]