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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DeepMind deploys AI tools to counter biological threats

Google DeepMind has launched a biosecurity programme that applies its AI models to disease outbreaks while imposing strict access …

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Jagger backs original AI music but rejects style cloning

Mick Jagger has endorsed the use of artificial intelligence in music creation provided it generates original work, highlighting a …

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French startup Syntetica raises $30m to recycle mixed nylon

French startup Syntetica has raised $30 million to commercialise a chemical process that recycles mixed nylon, a breakthrough that…

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Ransomware halts Coca-Cola's $4bn fairlife dairy production

Coca-Cola has suspended all US production at its fairlife dairy unit after a ransomware attack, an incident that could materially …

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New York City plans mandatory AI labels on rental listings

A proposal to force landlords to disclose AI-edited apartment photos in New York could preview how European cities regulate genera…

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SoftBank lines up a new $60bn bond to keep its OpenAI bet funded

Sixty billion dollars is a lot of bond, even by SoftBank Group’s standards. The Japanese conglomerate is reportedly preparing to r…

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Mitsubishi Electric weighs power-chip merger with Rohm and Toshiba

Japan’s three biggest power-chip makers want to become one company, and the wiring is proving harder to rearrange than the ambitio…

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Databricks hits $188bn valuation in Coatue-led round, landing above its own $175bn talks

$188bn is a large number for a company that keeps insisting it is in no rush to go public. That is the valuation Databricks has re…

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Google’s record EU fine won’t just punish Google. It will quietly shrink what European taxpayers owe Brussels.

Google has finally paid its record EU antitrust fine, and the money is about to do something unexpected. The €4.6bn will flow into…

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Xi unveils China-led AI body to set global tech standards

China has launched a new international AI organisation in Shanghai, challenging Western tech governance frameworks as Beijing leve…

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PayPal board rejects $53bn Stripe and Advent bid

PayPal’s directors have dismissed a $53bn joint takeover offer from Stripe and Advent International as undervalued, a move that hi…

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DeepSeek valuation reaches $52bn as China's AI rival scales up

A Chinese luggage maker's regulatory filing has indirectly pegged AI startup DeepSeek at a $52 billion valuation, underscoring the…

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Network School founder says Malaysia immigration probe risks its tech ambitions

Balaji Srinivasan built Network School as a working prototype of the “network state,” his theory that an internet country of engin…

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Netflix shares drop 9% on soft forecast as ad growth lags expectations

Netflix beat second-quarter earnings but a disappointing third-quarter forecast drove its stock down 9 percent, signaling to Europ…

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Moonshot unveils Kimi K3, the world’s largest open AI model

Chinese startup Moonshot AI has unveiled Kimi K3, a 2.8-trillion-parameter system it bills as the world’s largest open-weight AI m…

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China implants first commercial brain chip, outpacing US rivals

Surgeons in Shanghai have implanted the world’s first commercially approved brain-computer interface, signalling a state-backed in…

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Z.ai nears $1bn sales defying Western AI business model

Chinese AI startup Z.ai is approaching $1bn in annual sales by open-sourcing its best models, a commercialisation path that challe…

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Self-wearing clothes offer new path for assistive tech market

Researchers from Stanford and KAIST have developed self-dressing clothing using vine-like robotics, offering a softer and potentia…

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Eoptolink files for Hong Kong listing that could raise up to $5bn

Eoptolink Technology, a Chinese maker of the optical parts that shuttle data between AI chips, has filed for a Hong Kong listing t…

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AI was supposed to kill the travel agent. Instead it just minted a billion-dollar one.

Fora, a platform that lets ordinary people become travel agents and gives travellers a way to find them, has raised a $60m Series …

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Mollie doubles down on Europe with €350m expansion plan: ‘Superapp is a convoluted word’

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The sectors with the most momentum heading into H2

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San Francisco seeks stricter autonomous vehicle rules after Waymo gridlock

Mayor Daniel Lurie has asked California regulators to mandate new operational standards for robotaxis, signalling a turning point …

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SpaceX aborts Starship V3 launch as engine failure pressures post-IPO stock

The abrupt halt of SpaceX’s latest Starship test flight has intensified investor scrutiny on the company’s post-IPO valuation and …