Thursday, 17 September 2026 · Europe
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EUROPES The European Report
European Edition Thursday, 17 September 2026
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Tech & Startups

Tech & Startups

European technology, startups, AI and innovation.

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Thinking Machines launches open AI model to break big tech lock-in

Thinking Machines has released its first open-weight AI model, betting that enterprises will abandon expensive, one-size-fits-all proprietary systems in favor of cheaper,

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Emergent hits $1.5bn valuation, eyes European office

AI platform Emergent has reached a $1.5bn valuation after a $130m funding round, signalling that the rapid automation of software

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Suno hack reveals alleged music scraping and stolen data

A supply chain attack on AI music generator Suno has exposed alleged mass copyright infringement and compromised customer payment

$11bn live shopping app Whatnot buys AI firm Shaped

Spotify rolls out voice AI to Sweden, Ireland, expands kids' accounts

Microsoft fixes record 570 flaws as AI uncovers hidden code bugs

AI drug designer Chai hits $3.8bn as European pharma signs on

OnePlus exits Europe as AI memory crisis kills budget phones

Stripe and Advent bid $53.4bn for PayPal

South Korea will give all 52 million citizens free AI access, becoming the first G20 nation to do so

China's CXMT prices record $8.5bn IPO ahead of US trade blacklist

Spotify brings parent-managed accounts to free users in Europe

India bets $6.5bn on shifting smartphone supply chains from China

Nebius lands $1bn AI compute deal with US startup Reflection

US charges Russian web hosts over $62M ransomware support

DeepSeek is preparing an IPO and chasing a $71bn valuation, weeks after its first raise

ASML cuts EUV build time by 30% as AI demand surges

UK teen social media curfew adds to Europe tech crackdown

Anthropic and Blackstone form $1.5bn AI implementation firm

Dutch robot builder Monumental raises $32m to plug UK labour gap

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

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