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BMW had two messages for staff this week. It is cutting about 8,000 jobs. And it is handing the brains of its future cars to Qualcomm for the next decade. The German carmaker will shed the roles in Germany by the end of 2027 through a voluntary redundancy scheme, Reuters reported. The cuts hit administration […]
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BMW is cutting 8,000 jobs and handing its cars’ brains to Qualcomm Read More »
Most AI imaging startups build one model per disease. A Cambridge company has raised $20m to build a single model for the whole chest. Then it can spin the rest out of that. Qureight makes AI imaging tools for lung and heart clinical trials. It closed a $20m Series B led by Molten Ventures, the […]
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Europe is close to banning apps that digitally undress people. A new report argues the ban will miss the point. The tools that do the undressing do not need to be apps at all. They are sitting on Hugging Face. The European nonprofit AI Forensics tested the most popular image-editing tools on the platform. Seven […]
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The EU is banning nudify apps. The tools sit upstream on Hugging Face. Read More »
The European Commission gains sweeping new powers on Sunday to police how the world’s most advanced AI labs handle systemic risk, as the AI Act reaches its second anniversary. The EU’s AI Office will be able to demand documentation, conduct evaluations, and request access to frontier models, with fines of up to 3% of global […]
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Europe gets its AI enforcement powers on Sunday. The unit wielding them has 36 people. Read More »
ICON plc has agreed a multi-year collaboration with Anthropic to put Claude across the clinical trial process. The Dublin company is a contract research organisation, which means pharmaceutical firms pay it to run their trials. It employed roughly 40,200 people across 99 locations and 55 countries at the end of June. Neither company disclosed financial […]
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Bending Spoons has agreed a €500m loan facility guaranteed by the Italian state. The guarantee comes from SACE, Italy’s export credit agency, which is wholly owned by the Ministry of Economy and Finance. HSBC Continental Europe, Intesa Sanpaolo and BPER Banca arranged the facility, which matures in March 2031. The Milan company will use the […]
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The Italian state just backed €500m for the company that owns AOL Read More »
Cover Genius has acquired Friendsurance, the Berlin company that invented peer-to-peer insurance. The deal took effect immediately, and neither side disclosed a price. Friendsurance built its name on a simple idea. Small groups of policyholders pool together, and everyone who stays claim-free collects cash back at the end of the year. Its own German language […]
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Friendsurance invented peer-to-peer insurance. It just sold for its paperwork. Read More »
Orange and Morrison announced an exclusivity agreement on Monday to create a jointly controlled data centre company in France, backed by a €3 billion investment programme combining Orange assets, Morrison equity, and debt. The venture targets 400 megawatts of capacity, close to ten times what Orange operates today. Orange would contribute five French data centres […]
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Orange is building a €3bn French data centre business, funded from New Zealand Read More »
OpenAI is expanding its European headquarters in Dublin with 250 new jobs and an 88,000-square-foot lease at the Tropical Fruit Warehouse in the city’s Docklands. The company currently employs around 100 people in Ireland and established its European presence there in 2023. The new roles span engineering, sales, user operations, HR, finance, privacy, and legal. […]
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OpenAI is adding 250 jobs in Dublin as Ireland loses tech roles to AI elsewhere Read More »
A development bank has just minted a unicorn, and it took two years. Ominimo, a Budapest-based motor insurance startup founded by Serbian and Hungarian entrepreneurs, has closed a Series B led by the venture arm of the European Bank for Reconstruction and Development. The round is €20.1mn, or about $22.5mn, at a €1.4bn valuation, EU-Startups […]
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A development bank just built a €1.4bn insurer in two years Read More »