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EUROPES The European Report
European Edition Saturday, 18 July 2026
LATEST

Tech & Startups

European technology, startups, AI and innovation.

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US voice AI startup Rime raises $24m to overhaul enterprise calls

San Francisco-based Rime has raised $24 million to build speech-to-speech AI models that aim to finally replace legacy customer se…

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New AI app automates short-form video creation for SMEs

A new application called Reelful uses artificial intelligence to automatically generate social media videos from raw footage, a de…

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Alibaba wins Apple AI approval in China as tech split deepens

Beijing has approved Alibaba's Qwen model to power Apple Intelligence in China, cementing a bifurcated global AI market where hard…

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London fintech Velocity raises $38M for stablecoin settlements

A London-based startup has raised $38 million to build stablecoin payment rails for businesses, signaling venture capital confiden…

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Publishers seek billions in Google Gemini copyright suit

Major publishers including Europe's Elsevier have sued Google for allegedly using copyrighted works to train its Gemini AI, a case…

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Australia sets up a national Office of AI

Australia has set up a national Office of AI. Prime Minister Anthony Albanese also promised new copyright protection for creatives…

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Zipline scales drone delivery to airline levels, enters US healthcare market

Autonomous drone firm Zipline has hit 2.5 million deliveries and expanded into healthcare logistics, signaling a shift from niche …

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Indian AI firm Emergent hits unicorn status on European demand

Indian AI coding startup Emergent has reached a $1.5 billion valuation after a $130 million funding round, driven in large part by…

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Vint Cerf backs DNS-based standard for AI agent identity

Vint Cerf is backing a new DNS-based registry to identify autonomous AI agents, a move that could determine whether Europe's digit…

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Realta Fusion lands $55m for US reactor as AI fuels power demand

Realta Fusion will build a state-backed research reactor in Wisconsin, highlighting how surging AI-driven electricity demand is ac…

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India pledges $19.7bn for domestic chips and mobile brand

India has committed $19.7 billion to semiconductor and smartphone manufacturing, adding a new front to the global subsidy race as …

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Oak raises $60m to secure AI agent access rights

An Israeli startup has emerged from stealth with $60 million to replace outdated identity management systems that are struggling t…

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Abu Dhabi deploys AI government, wins US chip access

Abu Dhabi has built an AI-native government that automates public services and secured expanded US chip access, highlighting a dep…

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Lucid denies bankruptcy rumour amid European restructuring talk

Lucid Motors shares plummeted 40% on a false bankruptcy rumour, highlighting the mounting pressure on transatlantic EV makers as t…

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Europe’s ‘real’ founder factories: Klarna and Improbable

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It’s time to start paying all your staff like your sales team

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Senra raises $65M to digitise Cold War-era wire harnesses

A US startup has secured $65 million to drag the antiquated manual production of vehicle wiring into the digital age, targeting a …

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ByteDance and Alibaba purge user-built AI companions in China regulatory sweep

ByteDance and Alibaba are deleting millions of user-created AI companions in China, highlighting the fragility of digital relation…

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Australia demands AI data centres return power to grid

Australia has proposed forcing new AI data centres to generate more electricity than they consume, setting a tougher benchmark tha…

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US launches AI cyber defence clearinghouse to match machine-speed attacks

The White House has launched an AI-backed cyber vulnerability clearinghouse, a move that raises the stakes for European infrastruc…

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CoreWeave eyes stock derivatives to hedge $35bn chip price risk

AI cloud provider CoreWeave is exploring equity derivatives to protect its massive, debt-financed expansion from a cyclical crash …

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Delaware drafts legal framework for AI-run companies

Delaware has proposed giving AI agents their own legal corporate identity, a sandbox experiment that could draw autonomous global …

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OpenAI unveils Jony Ive AI speaker as Apple legal fight escalates

OpenAI's plans for a Jony Ive-designed, screen-free AI speaker have triggered a selloff in audio stocks and intensified a cripplin…

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China’s electric taxis are blunting the Hormuz oil shock, but only at the margins

China’s crude oil imports fell 41.3% in June from a year earlier to 29.27 million tonnes, the lowest monthly total since October 2…