MCO growing tech and engineering teams amid opening of new Dublin office

MCS-Tech has been awarded the One to Watch Award at the Prep4Seed pitching contest, which is part of a 12-week investor-readiness program that has seen participation from 88 start-ups to date. This recognition highlights MCS-Tech's potential and innovation in the competitive landscape of technology startups in Ireland.

Marama Labs was recognized as the ‘most impressive deep-tech pioneer in Europe’ during the recent Deep Tech Demo Day, competing against approximately 180 start-ups from across the continent.

Siemens Energy is approaching a valuation of €100 billion, recovering quickly from a recent market downturn attributed to concerns over an artificial intelligence bubble. This resurgence highlights the company's strong position in the European energy sector, particularly in AI-driven technologies.

Tesla's vehicle sales are experiencing a downturn in key markets, including the US, Europe, and China, with global deliveries expected to decline by 7% this year following a 1% drop in 2024, as reported by Visible Alpha. This marks a significant shift from the company's previous years of rapid growth, despite its claims of achieving record sales in the third quarter.

Ireland has announced a significant investment of €170 million into European space programmes, aimed at enhancing the competitiveness of Irish space-tech companies on a global scale. This funding is part of a broader strategy to bolster Ireland's presence in the rapidly evolving space industry.

Microsoft has announced a €4 million investment aimed at enhancing artificial intelligence (AI) skills in Ireland, focusing on empowering communities, businesses, and individuals to prepare for an AI-driven future.

Dassault Systèmes and Mistral AI have announced an expansion of their partnership to deliver integrated artificial intelligence services tailored for regulated industries and the public sector in Europe. This collaboration introduces Mistral AI's latest offerings, including the 'Le Chat Enterprise' AI assistant and the 'AI Studio' platform, enhancing the capabilities available to businesses and governmental organizations.

The HiPEAC Vision outlines a strategic framework for Europe to navigate the evolving landscape of computing, emphasizing the need for the Chips Act 2.0 to adapt to the next computing paradigm. This initiative aims to bolster Europe's technological sovereignty and innovation capabilities in the semiconductor sector.