Tag: Artificial intelligence

InnovationStartupsVenturecapital

École Polytechnique Alumni Fund Secures €21 Million for Deep Tech Startups

The alumni venture fund of France’s prestigious École Polytechnique has secured €21 million toward backing early-stage startups with university connections. The fund targets deep tech sectors including artificial intelligence, healthcare, and energy with investments ranging from €250,000 to €2 million.

University Venture Fund Gains Momentum

Polytechnique Ventures, the alumni investment vehicle of France’s prestigious École Polytechnique engineering school, has reportedly secured €21 million toward a new fund targeting university-affiliated entrepreneurs, according to sources familiar with the matter. The fund is said to be aiming for a final close between €30 million and €40 million as it continues to attract backing from the school’s distinguished alumni network.

by Oliver Keaton
EnergyPolicyTechnology

British Columbia Imposes Energy Caps on Data Centers and Prohibits Cryptocurrency Mining Operations

The Canadian province of British Columbia is implementing significant energy restrictions for data centers and artificial intelligence projects. According to government reports, the province will also permanently ban new electricity connections for cryptocurrency mining operations starting in November.

Energy Management Strategy for Growing Power Demands

The Government of British Columbia has announced comprehensive energy restrictions targeting data centers and cryptocurrency mining operations, according to official reports released Monday. Sources indicate the provincial government will introduce new legislation and regulations designed to address unprecedented electricity demand while ensuring provincial and Canadian economic interests are prioritized in allocating British Columbia’s growing clean-energy supply.

by Oliver Keaton