Tech & Startups
European technology, startups, AI and innovation.
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AI drug designer Chai hits $3.8bn as European pharma signs on
San Francisco startup Chai Discovery has tripled its valuation to $3.8 billion after a $400 million funding round, signalling that…
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OnePlus exits Europe as AI memory crisis kills budget phones
OnePlus is pulling out of Europe this week as a 250% spike in memory chip costs makes its low-price business model unviable, signa…
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Stripe and Advent bid $53.4bn for PayPal
A joint $53.4 billion bid from Stripe and Advent International could reshape the global digital payments landscape by merging two …
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Apple clears Chinese AI hurdle with Alibaba partnership
Apple has secured Chinese regulatory approval to launch its AI services using Alibaba’s models, a deal that underscores the locali…
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LeCun quits VC fund hours after launch
Yann LeCun’s abrupt departure from his newly launched VC fund deprives Europe of a high-profile AI investment vehicle at a critica…
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South Korea will give all 52 million citizens free AI access, becoming the first G20 nation to do so
South Korea’s Ministry of Science and ICT opened bidding on July 13 for a free, unlimited AI chatbot and public-service agent avai…
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China's CXMT prices record $8.5bn IPO ahead of US trade blacklist
ChangXin Memory Technologies has priced a record $8.5bn Shanghai listing to build a war chest before expected US trade curbs, esca…
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Spotify brings parent-managed accounts to free users in Europe
Spotify is extending parental controls to its free users in key European markets, a shift driven by mounting regulatory pressure o…
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India bets $6.5bn on shifting smartphone supply chains from China
India has committed $6.5 billion in new incentives to deepen its smartphone manufacturing beyond basic assembly, a move that will …
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Nebius lands $1bn AI compute deal with US startup Reflection
US artificial intelligence startup Reflection has signed a $1bn computing deal with Amsterdam-based Nebius, highlighting how a Eur…
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US charges Russian web hosts over $62M ransomware support
US prosecutors have unsealed charges against two Russian web hosts that allegedly sheltered major ransomware networks, a developme…
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Exclusive: Aramco in talks to back Humanoid at unicorn valuation
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DeepSeek is preparing an IPO and chasing a $71bn valuation, weeks after its first raise
DeepSeek is getting ready to go public. The Chinese AI lab has started laying the groundwork for an initial public offering, accor…
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ASML cuts EUV build time by 30% as AI demand surges
ASML is overhauling its production lines to build critical chipmaking machines a third faster, a bottleneck-breaking move that det…
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Apple is in talks with the startup shrinking a 27B AI model onto an iPhone
Apple is in early talks with PrismML, a startup that shrinks large AI models to run directly on a phone. The company’s on-device A…
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UK teen social media curfew adds to Europe tech crackdown
The UK has proposed a default midnight social media curfew for 16 and 17-year-olds, signalling intensifying regulatory pressure on…
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Anthropic and Blackstone form $1.5bn AI implementation firm
Anthropic and Blackstone have launched a $1.5bn joint venture called Ode, signaling that the next major AI market lies in helping …
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Dutch robot builder Monumental raises $32m to plug UK labour gap
Amsterdam-based Monumental has raised $32 million to deploy its bricklaying robots across Europe and the US, offering a rare outco…
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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…