Saturday, 18 July 2026 · Europe
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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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AI boom pushes Microsoft emissions up 25%, straining climate target

Microsoft’s greenhouse gas emissions surged 25% last year as AI data centre construction overwhelmed its climate targets, exposing…

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Superhuman’s new auto-draft feature almost makes me like AI replies

Superhuman’s latest AI email drafting feature is its most convincing yet, generating replies that often required little to no edit…

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Uber trades robotaxi tech for regulatory control of the road

Having failed to build its own self-driving car, Uber is lobbying US states to force autonomous rivals onto its platform, a regula…

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Meta's AI ad tools create chaos, shift liability to brands

Meta is forcing advertisers to use AI tools that generate mangled images and false claims, shifting legal and financial liability …

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French quantum firm Pasqal seeks $2bn US listing with state veto

French quantum computing firm Pasqal is heading to Nasdaq at a $2bn valuation, exposing the tension between Europe’s desire to con…

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Flex raises $70m from Ryan Smith’s Halo fund to take its AI private bank global

Six months ago, Flex raised $60m and called it a Series B. On Tuesday it said it had raised another $70m, and rather than move dow…

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xAI caught running 59 unpermitted gas turbines for AI data centre

Elon Musk’s xAI has been running dozens of unpermitted gas turbines to power a data centre across a state line, exposing how the A…

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London tests new private market as Moneybox hits $1.1bn

The British savings app reached a $1.1bn valuation through employee share sales, testing a new London exchange designed to keep Eu…

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European VCs back $200m raise for Chinese humanoid maker LimX

Shenzhen-based LimX Dynamics has secured $200m in pre-IPO funding, drawing capital from European investors just as China's rapidly…

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ECB names 36 firms including Stripe and Revolut for digital euro pilot

The European Central Bank has chosen 36 payment providers, from legacy banks to tech challengers, for a 2027 digital euro trial ai…

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New York pauses new data centres as AI energy costs bite

New York has imposed a one-year moratorium on large data centres to curb rising energy costs, a move that mirrors European grid co…

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Beckham-backed IM8 takes $1bn non-dilutive loan from General Catalyst

David Beckham’s health startup IM8 has secured a $1 billion non-equity loan from General Catalyst, signalling a shift in venture c…

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Sutton launches Oak Lab to build low-energy AI agents

Turing Award winner Richard Sutton has left Keen Technologies to found Oak Lab, betting that the future of artificial intelligence…

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Japan backs $3bn Tower Semiconductor photonics expansion

Israel’s Tower Semiconductor will spend $3 billion expanding optical chip production in Japan with $1 billion in state aid, a move…

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Swiss regulator probes Google over vanished Android choice screen

Switzerland’s competition watchdog has opened an investigation after Google quietly removed an Android search choice screen, highl…

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Huawei energy arm matches Tesla, exposing Europe's green tech blind spot

Huawei’s unheralded energy division has quietly grown to rival Tesla’s storage business, illustrating how Chinese firms are captur…

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OpenAI wants its legal fees from xAI, while Apple comes for OpenAI

On Monday, OpenAI asked a federal judge in California to rule that xAI’s trade secrets lawsuit against it “should never have been …

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Republic Europe targets late-stage private secondaries with WHOOP

Republic Europe is expanding into late-stage secondary offerings to give individual investors access to mature private tech compan…

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Screen-free kids' phone market expands with Pinwheel landline

US tech company Pinwheel has launched a Wi-Fi landline for children, tapping into a growing screen-free communication market as Eu…

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DeepSeek founder Liang tops AI wealth ranking after $7.4bn round

DeepSeek's Liang Wenfeng has become the artificial intelligence industry's wealthiest founder after a $7.4bn funding round, a deal…

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Ericsson profit beats estimates, signals price hikes to customers

Ericsson's second-quarter profit beat expectations despite a 6% revenue drop, but the Swedish equipment maker warned that surging …

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Finland and Estonia back NestAI for sovereign military AI

Finland and Estonia have partnered with Helsinki-based NestAI to develop open military AI software, prioritising national control …

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Intel to invest €5bn upgrading Irish chip plant for AI servers

Intel is pouring €5bn into its Irish campus to mass-produce AI server chips, a pragmatic move to capture immediate demand while re…

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Europe watches as Australia faults tech giants on abuse tools

Australia's online safety regulator has accused major tech firms of ignoring readily available tools to detect child sexual extort…