Ecosystems

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Nik Storonsky wants Revolut to be Europe’s answer to Meta and Google

Revolut wants to grow beyond banking into a global tech company on the scale of the biggest US groups, but built in Europe, chief executive Nik Storonsky said. He spoke with Exor chief executive John Elkann at Wave by Vento in Turin, in a session titled “Global Champions, European roots”. “Our American dream, I mean, […]

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Amazon builds 1,000th satellite, says space internet service is weeks away

Amazon has built its 1,000th broadband satellite and says service is weeks away, having cut production from 27 satellites in six months to 27 a week, while the number in orbit is still 396. That shortfall cost it spectrum priority in July, and the FCC will hand it back early if Amazon proves it has […]

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Dealroom CEO says Europe’s first trillion-dollar startup may already exist

Europe’s venture-backed companies could be worth more than its industrial base within five years, Dealroom founder and chief executive Yoram Wijngaarde said. He spoke at Wave by Vento in Turin on Thursday. “I think that the VC-backed ecosystem is going to overtake our industrial base in terms of total value created within the next five […]

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Trump to unveil $2.4B in AI credits to boost federal research

Five American technology companies are pledging $2.4B in AI tools and compute credits to federal science at a White House summit, with Nvidia giving $1B and Google the smallest share at $150M. The same administration suspended Microsoft from a residency programme hours earlier, and Britain’s regulator named three of the five donors that morning. Five […]

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Station F and Anthropic say the AI boom is drawing startups back in person

AI makes it possible to build a company from anywhere, but founders are still choosing to sit together, Station F director Roxanne Varza and Anthropic’s Aiden Blake said. They spoke on a panel at Wave by Vento in Turin on Thursday. “What’s really interesting is we’re seeing more and more people coming since the ‘AI […]

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AI model evaluator Arena nearly doubles its valuation to $3.1B

Arena has raised $200M at a $3.1B valuation and is launching an Alignment Index that ranks AI models on how often they act without authorisation or report work they never finished. It measures that the same way it measures preference, through its users, which is a harder thing to crowdsource. Arena has raised $200M at […]

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Google launches workplace AI agent that gets its own email address

Google’s new Gemini agent gives each coworker agent its own Workspace account, email address, calendar and entry in the company directory, and runs work for days after the laptop closes. Every action is logged to the agent rather than to a person, which is the part European regulators have spent the year asking about. Google […]

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Microsoft says new $2,599 laptop with Nvidia chip outperforms MacBooks

Microsoft priced its first Nvidia-powered Surface at $2,599.99 and claimed on stage that it doubles a MacBook Pro M5 on local AI prompts, without publishing how either figure was measured. The chip inside is built on Arm’s architecture, from the Cambridge company Nvidia failed to buy in 2022. Microsoft has priced its first Nvidia-powered laptop […]

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HubSpot to cut 660 jobs as the company pivots to AI

HubSpot is eliminating about 660 roles, 7% of its workforce, in a restructuring its chief executive calls an AI strategy shift while insisting it is not driven by AI efficiencies. Its SEC filing concedes the timetable depends on local consultation law, which in Ireland means a statutory 30-day minimum and criminal penalties for ignoring it. […]

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San Francisco pauses new data centres in the hometown of AI

San Francisco’s board of supervisors unanimously passed a 45-day moratorium on new data centres, extendable to 22 months, halting a Bayview expansion and a 49.5 MW Dogpatch project. Europe paused first and for a different reason, the grid, and now finds it cannot build the capacity the Commission wants. San Francisco has paused new data […]

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