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Europe got its own TBPN-style live show, and everyone’s angling for a guest spot

On Monday, the network announced a $1.6 million seed round from top players in the media ecosystem, including Powerhouse Capital, Axel Springer SE (which owns Business Insider and Politico), the popular media publication LadBible, and angel investors from OpenAI and DeepMind. With this fresh capital, the network is announcing its largest expansion yet.

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The Exploration Company in talks to raise $300M at a $2B valuation

Europe’s ambition to stop hitching rides on someone else’s spacecraft now has a rough price tag. The Exploration Company, the Munich-based startup building what it bills as Europe’s first reusable space capsule, is in talks to raise at least $300mn, according to the Financial Times. The round would value the six-year-old firm at more than $2bn, […]

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SAP’s cloud is still booming, and that was enough to calm the AI-doom fears

SAP gave investors the number they wanted. Europe’s biggest software company said cloud revenue grew 22% to €6.28 billion in the second quarter, beating forecasts, SAP announced. Its cloud backlog, a measure of future sales, jumped 26%. The stock rose more than 6% in Frankfurt. That relief is the story. SAP’s shares are down about […]

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A nervous Dassault is spending $2bn on AI, in the division dragging it down

Dassault Systèmes is one of Europe’s largest software companies, and it is having an anxious year. Its shares are down about a quarter this year. It pushed out its chairman in February. And investors worry that a new wave of AI could hollow out its main business. Its answer, announced on Thursday: spend up to […]

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EU charges TikTok with failing to protect children’s privacy under the DSA

On 24 July, the European Commission issued preliminary findings that the TikTok platform breached the Digital Services Act by leaving minors’ accounts open to adults, the latest escalation in a probe that has shadowed the app since 2024. The finding is narrow but pointed. Investigators concluded that TikTok’s default settings failed to keep children’s profiles private in practice, […]

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Cambridge built a planet-scale AI model, and skipped Nvidia to do it

The AI industry runs on Nvidia. A team at the University of Cambridge has just shown it does not have to. They have built a planetary-scale foundation model for the Earth, and every chip that trained and ran it came from AMD. The model is called TESSERA, and its idea is borrowed from large language […]

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Google fined €890M in its first Digital Markets Act penalty

The European Commission fined Google €890 million on Thursday for breaking the Digital Markets Act, the first time Brussels has penalised the company under the rulebook it built to rein in the largest technology platforms .The penalty divides in two. A €460 million share covers search self-preferencing, where Google gave its own shopping, hotel, transport, and […]

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Electrified cars power Europe’s car market as Chinese brands hit a record share

Battery-electric and hybrid models did almost all the work of keeping the European market in growth, and Chinese badges are increasingly the ones doing the selling. One in five new cars registered in the European Union so far this year was fully electric, and the share held by Chinese-badged models has roughly doubled in the […]

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Getlink warns unstable EU software could delay Channel Tunnel biometric borders

Yann Leriche, chief executive of Getlink, has a blunt diagnosis for why Europe’s new biometric border regime is still not running end to end at the Channel Tunnel. The problem, he says, is not the terminals, the staff, or the queues, it is the code. Getlink, which operates the Eurotunnel shuttle carrying cars and lorries […]

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To prove the anti-AI Pope’s words were human, his camp used AI

To defend an anti-AI Pope from claims a machine helped write his words, his camp reached for an unlikely tool: AI. An Australian firm has certified Pope Leo XIV’s writings as human-made, using a suite of the very detectors the technology has spawned. Pope Leo XIV has made AI one of his defining themes. His […]

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