The EU Digital Identity Wallet: Everything you need to know about the EU's plans for a universal digital identity system

3D rendered depiction of a digital avatar

Image Credits: DKosig / Getty Images

The EU Digital Identity Wallet is an ambitious project by the European Union that’s still a bit under the radar but worth paying attention to, as it could deliver big things in the next few years. 

The goal is to set up a universal digital identity system for citizens. If all goes to plan, Europeans will be able to download and use a free EU Digital Identity Wallet to access a wide range of public and private services, relying on identity verification and authentication of other credentials stored in an app on their smartphone. 

Following recent adoption of a key legal framework, EU countries are expected to issue the first of EU Digital Identity Wallets by the end of 2026. Unlike current national e-ID schemes, the future Pan-EU wallets will be recognized by all member states.

While national e-ID systems have been available in some European countries for many years — Estonia is a particular pioneer in digital identity — regional lawmakers have, since 2021, set themselves the goal of creating conditions for a digital identity system that works across the bloc’s single market. 

So while there won’t be a single, universal EU wallet app for everyone to use, the goal is to establish a system where different wallet apps will work anywhere in the EU, aligning with the bloc’s Digital Single Market mission. 

An EU digital ID wallet for everything?

One obvious motivation for setting up the EU Digital Identity Wallet is convenience.

Europeans will be able to download a wallet app to their smartphone or device and use it to store and selectively share key credentials when they need to do things like verify their identity or prove their age. The wallet will work both for ID checks online and in the real world. It’s also intended as a digital repository for official documents, such as a driver’s license, medical prescriptions, educational qualifications, passports, etc. E-signing functionality will also be supported. 

So less hassle managing different bits of paper, or even remembering where you put your bank cards, is the general idea. 

But there are other more strategic motivating factors in play. The bloc has woken up to the value of data in our fast-accelerating AI age. Policies that remove friction and grease the flow of information — or at least try to when it comes to getting citizens to share personal data to do things like sign up for new services or to transact — fit the political game plan.

The EU has an extensive and growing body of digital regulation. A Pan-EU e-ID would clearly come in very handy here. For example, aspects of the online governance regime established by the Digital Services Act (DSA) could be easier to implement once the EU can point to having a “universal, secure and trustworthy” digital ID system in place, as the EU Digital Identity Wallet is being billed. Think privacy-preserving access to adult content websites for people who could use the digital ID to verify they’re over 18, for example. 

Another big EU digital policy push in recent years aims to remove barriers to the sharing and reuse of data, including across internal borders, by setting up infrastructure and rules for so-called Common European Data Spaces. Again, a universal EU digital ID that promises citizens privacy and autonomy could make Europeans more comfortable doing more info-sharing — helping data flow into these strategic spaces. 

Interestingly, though, the EU’s president, Ursula von der Leyen, opted for a very different framing for the opportunity for the wallet when announcing the plan in her September 2020 State of the Union address, pointing to growing privacy risks for citizens who are constantly being asked to share data in order to access online services. The wallet responds to this concern because a core feature is support for selective data sharing. So in addition to an EU pledge that use of the wallet will remain voluntary for citizens, the main pitch to users is that it’s “privacy-preserving” as they get to remain in control: selecting which data they share with whom. 

Having a privacy-preserving approach could help the EU unlock finer-grained digital regulation opportunities, too, though. As noted above, it could give citizens a means to share their verified age but not their identity, allowing a wallet app user to sign into an age-restricted service anonymously. The EU wants the wallets to support wider governance goals under the DSA, which look set to usher in harder age verification requirements for services with content that might be inappropriate for kids — that is, once the appropriate “privacy preserving” tech exists. 

Other use cases for the wallet that the EU has discussed include an apartment-rental scenario where a citizen could share a bunch of verified intel about their rental history with a potential landlord without having to confirm their identity unless/until they get to sign the contract. Or someone with multiple bank accounts around the Union could use it to simplify transaction authorizations. 

Online services will be obliged to accept the Pan-EU credential. So it’s also being pitched as a European alternative to existing (commercial) digital identity offerings, such as the “sign in with” credentials offered by Big Tech players, like Apple and Google. 

Challenging Big Tech’s grip on data

Here the bloc’s lawmakers look to be responding to concerns about how much power has been ceded to platform giants on account of the key digital infrastructure they own and operate. 

It’s no surprise the EU Digital Identity Wallet proposal was adopted by the Commission in the middle of the coronavirus pandemic, when apps that could display a person’s COVID-19 vaccination status were on everyone’s mind. But the public health crisis also starkly underscored an asymmetrical power dynamic between lawmakers and the commercial giants controlling mainstream mobile technology infrastructure. (Apple and Google literally set rules on how COVID-19 exposure notification data could be exchanged, with their technical choices overriding governments’ directly stated preferences in several cases.)

Beyond considerations of strategic digital sovereignty, a universal e-ID wallet concept ties tightly to the EU’s general push to amp up digitalization as a flywheel for better economic fortunes. Assuming the system is well-executed and reliable, and the wallets themselves are user friendly and easy to use, a universal EU ID could boost productivity by increasing efficiency and uptake of online services. 

Of course, that’s a big “if”; there are sizable technical challenges to delivering on the EU vision for the universal ID system. 

Security and privacy are obviously essential pieces of the puzzle. The first is fundamental for any identity and authentication system to fly. The second comprises the bloc’s main pitch to citizens who will need to be persuaded to adopt the wallets if the whole project isn’t to end up an expensive white elephant. 

Poor implementation is a clear risk. Low uptake of flaky national e-ID scheme shows what could go wrong. Wallet apps will need to be slick and easy to use across the full sweep of planned use cases, as well as having robust security and privacy — which demands a whole ecosystem of players get behind the project — or users simply won’t get on board. 

Remember, competition on digital identity is coming from already baked-in mainstream platform offerings, like “Sign in with Google.” And, sadly, convenience and ease-of-use still often trump privacy concerns in the online arena.

Privacy could also create barriers to adoption. After the proposal was unveiled, there were some reservations expressed about the EU setting up a universal ID infrastructure, with some commentators invoking the risk of function-creep toward a China-style social control. Having a credible technical architecture that both secures and firewalls citizens’ data will therefore be critical to success. 

Universal availability by 2030

Getting the EU Digital Identity Wallet system off the ground has already involved years of preparatory work, but there’s plenty more testing, standard setting and implementation ahead. 

So far the bloc has put in place a legal framework for interoperable EU wallets (i.e., the Digital Identity Regulation, which entered into force in May this year). Work on the development of a secure technical architecture, common standards and specifications is ongoing, but a common EU Toolbox has been established. The Commission has also published an architecture reference on GitHub. Code is being open sourced, and the EU intends ecosystem infrastructure to be based on common standards to drive trust and adoption. 

The bloc is also engaged with industry and public sector stakeholders on large-scale pilots to test the proposed technical specifications. 

More paving needs to be laid in the coming years, including through a series of implementing acts affirming critical technical details. Plenty could still go wrong. But the EU has at least given itself a fairly generous lead-in to get this one right. So while the first wallets are supposed to be coming online in a couple years’ time, the bloc is not expecting universal system access for its circa 450 million citizens until 2030.

Europe wants to go its own way on digital identity

What You Need To Raise Your Series A Today Disrupt

What you need to raise series A today

Raising a Series A round in today’s competitive market can be a daunting task. To equip seed-stage founders with the insights and strategies needed for success, TechCrunch Disrupt 2024 will host a crucial session on the Builders Stage titled “What You Need to Raise a Series A Today.” This session will bring together some of the industry’s most experienced investors to share what they and their firms are looking for in their next Series A deals.

Attendees of this session will gain unparalleled insights from these industry veterans, learning what investors are currently seeking and how to position their startups for success. From understanding the key metrics and milestones that matter to investors, to crafting a compelling narrative that highlights their startup’s unique value proposition, founders will take away the knowledge and confidence needed to secure their Series A funding. Let’s meet these Series A mavens!

Renata Quintini, co-founder and managing director of Renegade Partners. Renata has spent the past 15 years investing in founding teams that are transforming the trajectory of humanity through technology. Before co-founding Renegade Partners, she was a partner at Lux Capital, specializing in early-stage deep technology investments.

Joining Renata will be Corinne Riley, partner at Greylock. Corinne has a strong track record of partnering with early-stage founders who are creating data and AI products at both the infrastructure and application layers. She has worked with companies such as Adept, Baseten, Braintrust, Common Room, Opal and WarpStream. 

Rounding out the panel, Elizabeth Yin, co-founder and general partner at Hustle Fund, will be joining us onstage. Elizabeth’s experience spans pre-seed investing, having been a partner at 500 Startups where she managed seed-stage investments and ran an accelerator program. She co-founded and successfully exited an adtech company, LaunchBit, providing her with a well-rounded perspective on the entrepreneurial journey. 

About TechCrunch Disrupt 2024

TechCrunch Disrupt is where you’ll find innovation for every stage of your startup journey. Whether you’re a budding founder with a revolutionary idea, a seasoned startup looking to scale or an investor seeking the next big thing, TechCrunch Disrupt offers unparalleled resources, connections and expert insights to propel your venture forward. More than 10,000 startup leaders will be attending this year’s event on October 28-30 in San Francisco.

Purchase your tickets here.

Zuckerberg says Meta will need 10x more computing power to train Llama 4 than Llama 3

people walking past Meta signage

Image Credits: TOBIAS SCHWARZ/AFP / Getty Images

Meta, which develops one of the biggest foundational open source large language models, Llama, believes it will need significantly more computing power to train models in the future.

Mark Zuckerberg said on Meta’s second-quarter earnings call on Tuesday that to train Llama 4, the company will need 10x more compute than what was needed to train Llama 3. But he still wants Meta to build capacity to train models rather than fall behind its competitors.

“The amount of computing needed to train Llama 4 will likely be almost 10 times more than what we used to train Llama 3, and future models will continue to grow beyond that,” Zuckerberg said.

“It’s hard to predict how this will trend multiple generations out into the future. But at this point, I’d rather risk building capacity before it is needed rather than too late, given the long lead times for spinning up new inference projects.”

Meta released Llama 3 with 8 billion parameters in April. The company last week released an upgraded version of the model, called Llama 3.1 405B, which had 405 billion parameters, making it Meta’s biggest open source model.

Meta’s CFO, Susan Li, also said the company is thinking about different data center projects and building capacity to train future AI models. She said Meta expects this investment to increase capital expenditures in 2025.

Training large language models can be a costly business. Meta’s capital expenditures rose nearly 33% to $8.5 billion in Q2 2024, from $6.4 billion a year earlier, driven by investments in servers, data centers and network infrastructure.

According to a report from The Information, OpenAI spends $3 billion on training models and an additional $4 billion on renting servers at a discount rate from Microsoft.

“As we scale generative AI training capacity to advance our foundation models, we’ll continue to build our infrastructure in a way that provides us with flexibility in how we use it over time. This will allow us to direct training capacity to GenAI inference or to our core ranking and recommendation work, when we expect that doing so would be more valuable,” Li said during the call.

During the call, Meta also talked about its consumer-facing Meta AI’s usage and said India is the largest market of its chatbot. But Li noted that the company doesn’t expect Gen AI products to contribute to revenue in a significant way.

Stephen Wolfram thinks we need philosophers working on big questions around AI

Stephen Wolfram speaking at the Collision Conference in New Orleans in May 2018.

Image Credits: Stephen McCarthy / Getty Images

Mathematician and scientist Stephen Wolfram grew up in a household where his mother was a philosophy professor at Oxford University. As such, his younger self didn’t want anything to do with the subject, but an older and perhaps wiser Wolfram sees value in thinking deeply about things. Now he wants to bring some of that deep philosophical rigor to AI research to help us better understand the issues we encounter as AI becomes more capable.

Wolfram was something of a child prodigy, publishing his first scientific paper at 15 and graduating from Caltech with a doctorate at 20. His impressive body of work crosses science, math and computing: He developed Mathematica, Wolfram Alpha and the Wolfram Language, a powerful computational programming language.

“My main life work, along with basic science, has been building our Wolfram language computational language for the purpose of having a way to express things computationally that’s useful to both humans and computers,” Wolfram told TechCrunch.

As AI developers and others start to think more deeply about how computers and people intersect, Wolfram says it is becoming much more of a philosophical exercise, involving thinking in the pure sense about the implications this kind of technology may have on humanity. That kind of complex thinking is linked to classical philosophy.

“The question is what do you think about, and that’s a different kind of question, and it’s a question that’s found more in traditional philosophy than it is in the traditional STEM,” he said.

For example, when you start talking about how to put guardrails on AI, these are essentially philosophical questions. “Sometimes in the tech industry, when people talk about how we should set up this or that thing with AI, some may say, ‘Well, let’s just get AI to do the right thing.’ And that leads to, ‘Well, what is the right thing?’” And determining moral choices is a philosophical exercise.

He says he has had “horrifying discussions” with companies that are putting AI out into the world, clearly without thinking about this. “The attempted Socratic discussion about how you think about these kinds of issues, you would be shocked at the extent to which people are not thinking clearly about these issues. Now, I don’t know how to resolve these issues. That’s the challenge, but it’s a place where these kinds of philosophical questions, I think, are of current importance.”

He says scientists in general have a hard time thinking about things in philosophical terms. “One thing I’ve noticed that’s really kind of striking is that when you talk to scientists, and you talk about big, new ideas, they find that kind of disorienting because in science, that is not typically what happens,” he said. “Science is an incremental field where you’re not expecting that you’re going to be confronted with a major different way of thinking about things.”

If the main work of philosophy is to answer big existential questions, he sees us coming into a golden age of philosophy due to the growing influence of AI and all of the questions that it’s raising. In his view, a lot of the questions that we’re now being confronted with by AI are actually at their core of traditional philosophical questions.

“I find that the groups of philosophers that I talk to are actually much more agile when they think paradigmatically about different kinds of things,” he said.

One such meeting on his journey was with a group of masters’ philosophy students at Ralston College in Savannah, Georgia. Wolfram spoke to students there about the coming collision of liberal arts and philosophy with technology. In fact, Wolfram says he has reread Plato’s “Republic” because he wants to return to the roots of Western philosophy in his own thinking.

“And this question of ‘if the AIs run the world, how do we want them to do that? How do we think about that process? What’s the kind of modernization of political philosophy in the time of AI?’ These kinds of things, this goes right back to foundational questions that Plato talked about,” he told students.

Rumi Allbert, a student in the Ralston program, who has spent his career working in data science and also participated in Wolfram Summer School, an annual program designed to help students understand Wolfram’s approach to applying science to business ideas, was fascinated with Wolfram’s thinking.

“It’s very, very interesting that a guy like Dr. Wolfram has such an interest in philosophy, and I think that speaks to the volume of importance of philosophy and the humanistic approach to life. Because it seems to me, he has gotten so developed in his own field, [it has evolved] to more of a philosophical question,” Allbert said.

That Wolfram, who has been involved on the forefront of computer science for a half century, is seeing the connections between philosophy and technology, could be a signal that it’s time to start addressing these questions around AI usage in a much broader way than purely as a math problem. And perhaps bringing philosophers into the discussion is a good way to achieve that.

Zuckerberg says Meta will need 10x more computing power to train Llama 4 than Llama 3

people walking past Meta signage

Image Credits: TOBIAS SCHWARZ/AFP / Getty Images

Meta, which develops one of the biggest foundational open-source large language models, Llama, believes it will need significantly more computing power to train models in the future.

Mark Zuckerberg said on Meta’s second-quarter earnings call on Tuesday that to train Llama 4 the company will need 10x more compute than what was needed to train Llama 3. But he still wants Meta to build capacity to train models rather than fall behind its competitors.

“The amount of computing needed to train Llama 4 will likely be almost 10 times more than what we used to train Llama 3, and future models will continue to grow beyond that,” Zuckerberg said.

“It’s hard to predict how this will trend multiple generations out into the future. But at this point, I’d rather risk building capacity before it is needed rather than too late, given the long lead times for spinning up new inference projects.”

Meta released Llama 3 with 80 billion parameters in April. The company last week released an upgraded version of the model, called Llama 3.1 405B, which had 405 billion parameters, making it Meta’s biggest open-source model.

Meta’s CFO, Susan Li, also said the company is thinking about different data center projects and building capacity to train future AI models. She said Meta expects this investment to increase capital expenditures in 2025.

Training large language models can be a costly business. Meta’s capital expenditures rose nearly 33% to $8.5 billion in Q2 2024, from $6.4 billion a year earlier, driven by investments in servers, data centers and network infrastructure.

According to a report from The Information, OpenAI spends $3 billion on training models and an additional $4 billion on renting servers at a discount rate from Microsoft.

“As we scale generative AI training capacity to advance our foundation models, we’ll continue to build our infrastructure in a way that provides us with flexibility in how we use it over time. This will allow us to direct training capacity to gen AI inference or to our core ranking and recommendation work, when we expect that doing so would be more valuable,” Li said during the call.

During the call, Meta also talked about its consumer-facing Meta AI’s usage and said India is the largest market of its chatbot. But Li noted that the company doesn’t expect Gen AI products to contribute to revenue in a significant way.

The EU Digital Identity Wallet: Everything you need to know about the EU's plans for a universal digital identity system

3D rendered depiction of a digital avatar

Image Credits: DKosig / Getty Images

The EU Digital Identity Wallet is an ambitious project by the European Union that’s still a bit under the radar but worth paying attention to, as it could deliver big things in the next few years. 

The goal is to set up a universal digital identity system for citizens. If all goes to plan, Europeans will be able to download and use a free EU Digital Identity Wallet to access a wide range of public and private services, relying on identity verification and authentication of other credentials stored in an app on their smartphone. 

Following recent adoption of a key legal framework, EU countries are expected to issue the first of EU Digital Identity Wallets by the end of 2026. Unlike current national e-ID schemes, the future Pan-EU wallets will be recognized by all member states.

While national e-ID systems have been available in some European countries for many years — Estonia is a particular pioneer in digital identity — regional lawmakers have, since 2021, set themselves the goal of creating conditions for a digital identity system that works across the bloc’s single market. 

So while there won’t be a single, universal EU wallet app for everyone to use, the goal is to establish a system where different wallet apps will work anywhere in the EU, aligning with the bloc’s Digital Single Market mission. 

An EU digital ID wallet for everything?

One obvious motivation for setting up the EU Digital Identity Wallet is convenience.

Europeans will be able to download a wallet app to their smartphone or device and use it to store and selectively share key credentials when they need to do things like verify their identity or prove their age. The wallet will work both for ID checks online and in the real world. It’s also intended as a digital repository for official documents, such as a driver’s license, medical prescriptions, educational qualifications, passports, etc. E-signing functionality will also be supported. 

So less hassle managing different bits of paper, or even remembering where you put your bank cards, is the general idea. 

But there are other more strategic motivating factors in play. The bloc has woken up to the value of data in our fast-accelerating AI age. Policies that remove friction and grease the flow of information — or at least try to when it comes to getting citizens to share personal data to do things like sign up for new services or to transact — fit the political game plan.

The EU has an extensive and growing body of digital regulation. A Pan-EU e-ID would clearly come in very handy here. For example, aspects of the online governance regime established by the Digital Services Act (DSA) could be easier to implement once the EU can point to having a “universal, secure and trustworthy” digital ID system in place, as the EU Digital Identity Wallet is being billed. Think privacy-preserving access to adult content websites for people who could use the digital ID to verify they’re over 18, for example. 

Another big EU digital policy push in recent years aims to remove barriers to the sharing and reuse of data, including across internal borders, by setting up infrastructure and rules for so-called Common European Data Spaces. Again, a universal EU digital ID that promises citizens privacy and autonomy could make Europeans more comfortable doing more info-sharing — helping data flow into these strategic spaces. 

Interestingly, though, the EU’s president, Ursula von der Leyen, opted for a very different framing for the opportunity for the wallet when announcing the plan in her September 2020 State of the Union address, pointing to growing privacy risks for citizens who are constantly being asked to share data in order to access online services. The wallet responds to this concern because a core feature is support for selective data sharing. So in addition to an EU pledge that use of the wallet will remain voluntary for citizens, the main pitch to users is that it’s “privacy-preserving” as they get to remain in control: selecting which data they share with whom. 

Having a privacy-preserving approach could help the EU unlock finer-grained digital regulation opportunities, too, though. As noted above, it could give citizens a means to share their verified age but not their identity, allowing a wallet app user to sign into an age-restricted service anonymously. The EU wants the wallets to support wider governance goals under the DSA, which look set to usher in harder age verification requirements for services with content that might be inappropriate for kids — that is, once the appropriate “privacy preserving” tech exists. 

Other use cases for the wallet that the EU has discussed include an apartment-rental scenario where a citizen could share a bunch of verified intel about their rental history with a potential landlord without having to confirm their identity unless/until they get to sign the contract. Or someone with multiple bank accounts around the Union could use it to simplify transaction authorizations. 

Online services will be obliged to accept the Pan-EU credential. So it’s also being pitched as a European alternative to existing (commercial) digital identity offerings, such as the “sign in with” credentials offered by Big Tech players, like Apple and Google. 

Challenging Big Tech’s grip on data

Here the bloc’s lawmakers look to be responding to concerns about how much power has been ceded to platform giants on account of the key digital infrastructure they own and operate. 

It’s no surprise the EU Digital Identity Wallet proposal was adopted by the Commission in the middle of the coronavirus pandemic, when apps that could display a person’s COVID-19 vaccination status were on everyone’s mind. But the public health crisis also starkly underscored an asymmetrical power dynamic between lawmakers and the commercial giants controlling mainstream mobile technology infrastructure. (Apple and Google literally set rules on how COVID-19 exposure notification data could be exchanged, with their technical choices overriding governments’ directly stated preferences in several cases.)

Beyond considerations of strategic digital sovereignty, a universal e-ID wallet concept ties tightly to the EU’s general push to amp up digitalization as a flywheel for better economic fortunes. Assuming the system is well-executed and reliable, and the wallets themselves are user friendly and easy to use, a universal EU ID could boost productivity by increasing efficiency and uptake of online services. 

Of course, that’s a big “if”; there are sizable technical challenges to delivering on the EU vision for the universal ID system. 

Security and privacy are obviously essential pieces of the puzzle. The first is fundamental for any identity and authentication system to fly. The second comprises the bloc’s main pitch to citizens who will need to be persuaded to adopt the wallets if the whole project isn’t to end up an expensive white elephant. 

Poor implementation is a clear risk. Low uptake of flaky national e-ID scheme shows what could go wrong. Wallet apps will need to be slick and easy to use across the full sweep of planned use cases, as well as having robust security and privacy — which demands a whole ecosystem of players get behind the project — or users simply won’t get on board. 

Remember, competition on digital identity is coming from already baked-in mainstream platform offerings, like “Sign in with Google.” And, sadly, convenience and ease-of-use still often trump privacy concerns in the online arena.

Privacy could also create barriers to adoption. After the proposal was unveiled, there were some reservations expressed about the EU setting up a universal ID infrastructure, with some commentators invoking the risk of function-creep toward a China-style social control. Having a credible technical architecture that both secures and firewalls citizens’ data will therefore be critical to success. 

Universal availability by 2030

Getting the EU Digital Identity Wallet system off the ground has already involved years of preparatory work, but there’s plenty more testing, standard setting and implementation ahead. 

So far the bloc has put in place a legal framework for interoperable EU wallets (i.e., the Digital Identity Regulation, which entered into force in May this year). Work on the development of a secure technical architecture, common standards and specifications is ongoing, but a common EU Toolbox has been established. The Commission has also published an architecture reference on GitHub. Code is being open sourced, and the EU intends ecosystem infrastructure to be based on common standards to drive trust and adoption. 

The bloc is also engaged with industry and public sector stakeholders on large-scale pilots to test the proposed technical specifications. 

More paving needs to be laid in the coming years, including through a series of implementing acts affirming critical technical details. Plenty could still go wrong. But the EU has at least given itself a fairly generous lead-in to get this one right. So while the first wallets are supposed to be coming online in a couple years’ time, the bloc is not expecting universal system access for its circa 450 million citizens until 2030.

Europe wants to go its own way on digital identity

What You Need To Raise Your Series A Today Disrupt

What you need to raise series A today

Raising a Series A round in today’s competitive market can be a daunting task. To equip seed-stage founders with the insights and strategies needed for success, TechCrunch Disrupt 2024 will host a crucial session on the Builders Stage titled “What You Need to Raise a Series A Today.” This session will bring together some of the industry’s most experienced investors to share what they and their firms are looking for in their next Series A deals.

Attendees of this session will gain unparalleled insights from these industry veterans, learning what investors are currently seeking and how to position their startups for success. From understanding the key metrics and milestones that matter to investors, to crafting a compelling narrative that highlights their startup’s unique value proposition, founders will take away the knowledge and confidence needed to secure their Series A funding. Let’s meet these Series A mavens!

Renata Quintini, co-founder and managing director of Renegade Partners. Renata has spent the past 15 years investing in founding teams that are transforming the trajectory of humanity through technology. Before co-founding Renegade Partners, she was a partner at Lux Capital, specializing in early-stage deep technology investments.

Joining Renata will be Corinne Riley, partner at Greylock. Corinne has a strong track record of partnering with early-stage founders who are creating data and AI products at both the infrastructure and application layers. She has worked with companies such as Adept, Baseten, Braintrust, Common Room, Opal and WarpStream. 

Rounding out the panel, Elizabeth Yin, co-founder and general partner at Hustle Fund, will be joining us onstage. Elizabeth’s experience spans pre-seed investing, having been a partner at 500 Startups where she managed seed-stage investments and ran an accelerator program. She co-founded and successfully exited an adtech company, LaunchBit, providing her with a well-rounded perspective on the entrepreneurial journey. 

About TechCrunch Disrupt 2024

TechCrunch Disrupt is where you’ll find innovation for every stage of your startup journey. Whether you’re a budding founder with a revolutionary idea, a seasoned startup looking to scale or an investor seeking the next big thing, TechCrunch Disrupt offers unparalleled resources, connections and expert insights to propel your venture forward. More than 10,000 startup leaders will be attending this year’s event on October 28-30 in San Francisco.

Purchase your tickets here.

What You Need To Raise Your Series A Today Disrupt

What you need to raise series A today

Raising a Series A round in today’s competitive market can be a daunting task. To equip seed-stage founders with the insights and strategies needed for success, TechCrunch Disrupt 2024 will host a crucial session on the Builders Stage titled “What You Need to Raise a Series A Today.” This session will bring together some of the industry’s most experienced investors to share what they and their firms are looking for in their next Series A deals.

Attendees of this session will gain unparalleled insights from these industry veterans, learning what investors are currently seeking and how to position their startups for success. From understanding the key metrics and milestones that matter to investors, to crafting a compelling narrative that highlights their startup’s unique value proposition, founders will take away the knowledge and confidence needed to secure their Series A funding. Let’s meet these Series A mavens!

Renata Quintini, co-founder and managing director of Renegade Partners. Renata has spent the past 15 years investing in founding teams that are transforming the trajectory of humanity through technology. Before co-founding Renegade Partners, she was a partner at Lux Capital, specializing in early-stage deep technology investments.

Joining Renata will be Corinne Riley, partner at Greylock. Corinne has a strong track record of partnering with early-stage founders who are creating data and AI products at both the infrastructure and application layers. She has worked with companies such as Adept, Baseten, Braintrust, Common Room, Opal and WarpStream. 

Rounding out the panel, Elizabeth Yin, co-founder and general partner at Hustle Fund, will be joining us onstage. Elizabeth’s experience spans pre-seed investing, having been a partner at 500 Startups where she managed seed-stage investments and ran an accelerator program. She co-founded and successfully exited an adtech company, LaunchBit, providing her with a well-rounded perspective on the entrepreneurial journey. 

About TechCrunch Disrupt 2024

TechCrunch Disrupt is where you’ll find innovation for every stage of your startup journey. Whether you’re a budding founder with a revolutionary idea, a seasoned startup looking to scale or an investor seeking the next big thing, TechCrunch Disrupt offers unparalleled resources, connections and expert insights to propel your venture forward. More than 10,000 startup leaders will be attending this year’s event on October 28-30 in San Francisco.

Purchase your tickets here.

The EU Digital Identity Wallet: Everything you need to know about the EU's plans for a universal digital identity system

3D rendered depiction of a digital avatar

Image Credits: DKosig / Getty Images

The EU Digital Identity Wallet is an ambitious project by the European Union that’s still a bit under the radar but worth paying attention to, as it could deliver big things in the next few years. 

The goal is to set up a universal digital identity system for citizens. If all goes to plan, Europeans will be able to download and use a free EU Digital Identity Wallet to access a wide range of public and private services, relying on identity verification and authentication of other credentials stored in an app on their smartphone. 

Following recent adoption of a key legal framework, EU countries are expected to issue the first of EU Digital Identity Wallets by the end of 2026. Unlike current national e-ID schemes, the future Pan-EU wallets will be recognized by all member states.

While national e-ID systems have been available in some European countries for many years — Estonia is a particular pioneer in digital identity — regional lawmakers have, since 2021, set themselves the goal of creating conditions for a digital identity system that works across the bloc’s single market. 

So while there won’t be a single, universal EU wallet app for everyone to use, the goal is to establish a system where different wallet apps will work anywhere in the EU, aligning with the bloc’s Digital Single Market mission. 

An EU digital ID wallet for everything?

One obvious motivation for setting up the EU Digital Identity Wallet is convenience.

Europeans will be able to download a wallet app to their smartphone or device and use it to store and selectively share key credentials when they need to do things like verify their identity or prove their age. The wallet will work both for ID checks online and in the real world. It’s also intended as a digital repository for official documents, such as a driver’s license, medical prescriptions, educational qualifications, passports, etc. E-signing functionality will also be supported. 

So less hassle managing different bits of paper, or even remembering where you put your bank cards, is the general idea. 

But there are other more strategic motivating factors in play. The bloc has woken up to the value of data in our fast-accelerating AI age. Policies that remove friction and grease the flow of information — or at least try to when it comes to getting citizens to share personal data to do things like sign up for new services or to transact — fit the political game plan.

The EU has an extensive and growing body of digital regulation. A Pan-EU e-ID would clearly come in very handy here. For example, aspects of the online governance regime established by the Digital Services Act (DSA) could be easier to implement once the EU can point to having a “universal, secure and trustworthy” digital ID system in place, as the EU Digital Identity Wallet is being billed. Think privacy-preserving access to adult content websites for people who could use the digital ID to verify they’re over 18, for example. 

Another big EU digital policy push in recent years aims to remove barriers to the sharing and reuse of data, including across internal borders, by setting up infrastructure and rules for so-called Common European Data Spaces. Again, a universal EU digital ID that promises citizens privacy and autonomy could make Europeans more comfortable doing more info-sharing — helping data flow into these strategic spaces. 

Interestingly, though, the EU’s president, Ursula von der Leyen, opted for a very different framing for the opportunity for the wallet when announcing the plan in her September 2020 State of the Union address, pointing to growing privacy risks for citizens who are constantly being asked to share data in order to access online services. The wallet responds to this concern because a core feature is support for selective data sharing. So in addition to an EU pledge that use of the wallet will remain voluntary for citizens, the main pitch to users is that it’s “privacy-preserving” as they get to remain in control: selecting which data they share with whom. 

Having a privacy-preserving approach could help the EU unlock finer-grained digital regulation opportunities, too, though. As noted above, it could give citizens a means to share their verified age but not their identity, allowing a wallet app user to sign into an age-restricted service anonymously. The EU wants the wallets to support wider governance goals under the DSA, which look set to usher in harder age verification requirements for services with content that might be inappropriate for kids — that is, once the appropriate “privacy preserving” tech exists. 

Other use cases for the wallet that the EU has discussed include an apartment-rental scenario where a citizen could share a bunch of verified intel about their rental history with a potential landlord without having to confirm their identity unless/until they get to sign the contract. Or someone with multiple bank accounts around the Union could use it to simplify transaction authorizations. 

Online services will be obliged to accept the Pan-EU credential. So it’s also being pitched as a European alternative to existing (commercial) digital identity offerings, such as the “sign in with” credentials offered by Big Tech players, like Apple and Google. 

Challenging Big Tech’s grip on data

Here the bloc’s lawmakers look to be responding to concerns about how much power has been ceded to platform giants on account of the key digital infrastructure they own and operate. 

It’s no surprise the EU Digital Identity Wallet proposal was adopted by the Commission in the middle of the coronavirus pandemic, when apps that could display a person’s COVID-19 vaccination status were on everyone’s mind. But the public health crisis also starkly underscored an asymmetrical power dynamic between lawmakers and the commercial giants controlling mainstream mobile technology infrastructure. (Apple and Google literally set rules on how COVID-19 exposure notification data could be exchanged, with their technical choices overriding governments’ directly stated preferences in several cases.)

Beyond considerations of strategic digital sovereignty, a universal e-ID wallet concept ties tightly to the EU’s general push to amp up digitalization as a flywheel for better economic fortunes. Assuming the system is well-executed and reliable, and the wallets themselves are user friendly and easy to use, a universal EU ID could boost productivity by increasing efficiency and uptake of online services. 

Of course, that’s a big “if”; there are sizable technical challenges to delivering on the EU vision for the universal ID system. 

Security and privacy are obviously essential pieces of the puzzle. The first is fundamental for any identity and authentication system to fly. The second comprises the bloc’s main pitch to citizens who will need to be persuaded to adopt the wallets if the whole project isn’t to end up an expensive white elephant. 

Poor implementation is a clear risk. Low uptake of flaky national e-ID scheme shows what could go wrong. Wallet apps will need to be slick and easy to use across the full sweep of planned use cases, as well as having robust security and privacy — which demands a whole ecosystem of players get behind the project — or users simply won’t get on board. 

Remember, competition on digital identity is coming from already baked-in mainstream platform offerings, like “Sign in with Google.” And, sadly, convenience and ease-of-use still often trump privacy concerns in the online arena.

Privacy could also create barriers to adoption. After the proposal was unveiled, there were some reservations expressed about the EU setting up a universal ID infrastructure, with some commentators invoking the risk of function-creep toward a China-style social control. Having a credible technical architecture that both secures and firewalls citizens’ data will therefore be critical to success. 

Universal availability by 2030

Getting the EU Digital Identity Wallet system off the ground has already involved years of preparatory work, but there’s plenty more testing, standard setting and implementation ahead. 

So far the bloc has put in place a legal framework for interoperable EU wallets (i.e., the Digital Identity Regulation, which entered into force in May this year). Work on the development of a secure technical architecture, common standards and specifications is ongoing, but a common EU Toolbox has been established. The Commission has also published an architecture reference on GitHub. Code is being open sourced, and the EU intends ecosystem infrastructure to be based on common standards to drive trust and adoption. 

The bloc is also engaged with industry and public sector stakeholders on large-scale pilots to test the proposed technical specifications. 

More paving needs to be laid in the coming years, including through a series of implementing acts affirming critical technical details. Plenty could still go wrong. But the EU has at least given itself a fairly generous lead-in to get this one right. So while the first wallets are supposed to be coming online in a couple years’ time, the bloc is not expecting universal system access for its circa 450 million citizens until 2030.

Europe wants to go its own way on digital identity

Google admits its AI Overviews need work, but we're all helping it beta test

Image Credits: Google

Google is embarrassed about its AI Overviews, too. After a deluge of dunks and memes over the past week, which cracked on the poor quality and outright misinformation that arose from the tech giant’s underbaked new AI-powered search feature, the company on Thursday issued a mea culpa of sorts. Google — a company whose name is synonymous with searching the web — whose brand focuses on “organizing the world’s information” and putting it at user’s fingertips — actually wrote in a blog post that “some odd, inaccurate or unhelpful AI Overviews certainly did show up.”

That’s putting it mildly.

The admission of failure, penned by Google VP and Head of Search Liz Reid, seems a testimony as to how the drive to mash AI technology into everything has now somehow made Google Search worse.

In the post titled “About last week,” (this got past PR?), Reid spells out the many ways its AI Overviews make mistakes. While they don’t “hallucinate” or make things up the way that other large language models (LLMs) may, she says, they can get things wrong for “other reasons,” like “misinterpreting queries, misinterpreting a nuance of language on the web, or not having a lot of great information available.”

Reid also noted that some of the screenshots shared on social media over the past week were faked, while others were for nonsensical queries, like “How many rocks should I eat?” — something no one ever really searched for before. Since there’s little factual information on this topic, Google’s AI guided a user to satirical content. (In the case of the rocks, the satirical content had been published on a geological software provider’s website.)

It’s worth pointing out that if you had Googled “How many rocks should I eat?” and were presented with a set of unhelpful links, or even a jokey article, you wouldn’t be surprised. What people are reacting to is the confidence with which the AI spouted back that “geologists recommend eating at least one small rock per day” as if it’s a factual answer. It may not be a “hallucination,” in technical terms, but the end user doesn’t care. It’s insane.

What’s unsettling, too, is that Reid claims Google “tested the feature extensively before launch,” including with “robust red-teaming efforts.”

Does no one at Google have a sense of humor then? No one thought of prompts that would generate poor results?

In addition, Google downplayed the AI feature’s reliance on Reddit user data as a source of knowledge and truth. Although people have regularly appended “Reddit” to their searches for so long that Google finally made it a built-in search filter, Reddit is not a body of factual knowledge. And yet the AI would point to Reddit forum posts to answer questions, without an understanding of when first-hand Reddit knowledge is helpful and when it is not — or worse, when it is a troll.

Reddit today is making bank by offering its data to companies like Google, OpenAI and others to train their models, but that doesn’t mean users want Google’s AI deciding when to search Reddit for an answer, or suggesting that someone’s opinion is a fact. There’s nuance to learning when to search Reddit and Google’s AI doesn’t understand that yet.

As Reid admits, “forums are often a great source of authentic, first-hand information, but in some cases can lead to less-than-helpful advice, like using glue to get cheese to stick to pizza,” she said, referencing one of the AI feature’s more spectacular failures over the past week.

Google AI overview suggests adding glue to get cheese to stick to pizza, and it turns out the source is an 11 year old Reddit comment from user F*cksmith 😂 pic.twitter.com/uDPAbsAKeO

— Peter Yang (@petergyang) May 23, 2024

If last week was a disaster, though, at least Google is iterating quickly as a result — or so it says.

The company says it’s looked at examples from AI Overviews and identified patterns where it could do better, including building better detection mechanisms for nonsensical queries, limiting the user of user-generated content for responses that could offer misleading advice, adding triggering restrictions for queries where AI Overviews were not helpful, not showing AI Overviews for hard news topics, “where freshness and factuality are important,” and adding additional triggering refinements to its protections for health searches.

With AI companies building ever-improving chatbots every day, the question is not on whether they will ever outperform Google Search for helping us understand the world’s information, but whether Google Search will ever be able to get up to speed on AI to challenge them in return.

As ridiculous as Google’s mistakes may be, it’s too soon to count it out of the race yet — especially given the massive scale of Google’s beta-testing crew, which is essentially anybody who uses search.

“There’s nothing quite like having millions of people using the feature with many novel searches,” says Reid.