Ecosystems

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The Hot Crazy Matrix explains why investors get tech deals wrong


Private equity deals hit an all-time high in 2021, peaking at a total value of more than $1tn, with an average deal size exceeding $1bn for the first time. Founders were media darlings, valuations soared, and investors raced to get a piece of the action.   By 2023, many of those same companies — such as Klarna and Stripe — had lost billions in value. Klarna’s valuation plummeted by 85% from its 2021 peak of $45.6bn to $6.7bn in 2022. Stripe also fell dramatically, from $95bn in 2021 to $50bn in 2023.   Fast forward to today, and even more tech companies…

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Subscriptions are creeping from software into everything — even your car’s horsepower


The subscription model beloved of software is now creeping into cars.  Volkswagen has become the latest automaker to adopt the pricing structure. The German marque has introduced a monthly subscription fee to access the full performance of some of its ID.3 electric vehicles. Auto Express spotted that the Volkswagen ID.3 Pro and Pro S were listed in the UK as producing 201bhp, but could hit 228bhp — if customers paid extra. For that extra 27bhp, buyers can pay £16.50 per month, £165 annually, or £649 for a lifetime subscription that transfers with the car if it’s resold. Volkswagen described the…

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How Europe can win the battle for tech talent


There’s no doubt that Europe has ambition. Over the last decade, we’ve laid the foundation for a thriving digital economy, from regulatory leadership to tech-driven reforms and rapidly growing regional hubs. But infrastructure alone doesn’t build the future; people do. And today, we face the very human challenge of how to win — and retain — the talent that powers innovation. We’re seeing highly skilled individuals, such as founders, engineers, and product leaders, move their operations or careers to the US and, in some cases, to Asia. This trend reflects global competition at its fiercest. But it’s also a moment…

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Cleo launches new ‘AI money coach’ to help fix your spending habits

UK-based fintech Cleo, known for its AI-powered budgeting app, has launched its most advanced product to date. Dubbed Cleo 3.0, the new version introduces features such as voice interaction, long-term memory, and improved reasoning capabilities. Barney Hussey-Yeo, Cleo’s founder and chief executive, said Cleo 3.0 is less chatbot and more “conversational AI money coach.” Users […]

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