Urgent.News

What's breaking now, across thousands of outlets.

Business

TechWolf co-founder: Ghent flywheel "super important”

One of the co-founders of a Ghent-based AI startup which is being acquired by sofware giant SAP in a deal valued at hundreds of millions of dolllars has stressed the importance of the city’s flywheel ...

TechWolf co-founder: Ghent flywheel "super important”

Jeroen Van Hautte, co-founder and CTO of TechWolf, an AI startup being acquired by SAP, highlighted the significance of Ghent's flywheel effect in a recent interview on the Tech.eu podcast. The deal, valued at hundreds of millions of dollars, marks the largest acquisition of a venture-backed software company in Belgian history.

TechWolf's AI technology helps companies analyze their employees' skills and work, which will become a crucial part of SAP's talent and workforce strategy. The CTO spoke about the Ghent flywheel effect, noting that the city has one of the highest densities of startups in the world. He emphasized that the flywheel effect is "super important," as key employees from startups develop ideas of their own, launch their own startups, or fund other startups.

Van Hautte also discussed his move to San Francisco, TechWolf's business model, and the differences between open and closed source AI models.

Written by urgent.news from Tech.eu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at tech.eu →

More in Business

QSE index opens 0.15% lower

<p>Doha, Qatar: The Qatar Stock Exchange (QSE) general index fell 12.68 points, or 0.15%, to 8,620 points at the opening of trading on Monday, as losses in four sectors outweighed gains in three…

More from Monday 19 October →