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The European Commission issued preliminary findings on Friday accusing Meta of building Facebook and Instagram to be addictive, giving the company a formal opportunity to respond before Brussels reaches a final decision that could trigger fines of up to 6% of its global annual revenue. Based on Meta’s 2025 turnover of roughly $201 billion, that […]
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Volkswagen has announced plans to gut its sprawling product range as it fights the worst crisis in its history. The carmaker will cut its model lineup by up to half over the coming years, CNBC reports. The group will also shrink production capacity to nine million vehicles a year. That is well below the 12 million […]
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Volkswagen will halve its model range, but stays silent on the 100,000 job cuts Read More »
Twenty months into the EU’s campaign to slash red tape, many of the businesses that demanded it are unimpressed. Firms told Politico the “simplification” drive is too slow, too costly, and too complicated. Politico spoke to 17 companies, consultancies, and trade bodies across sectors. A common complaint was that an institution built to write laws is ill-suited […]
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Europe torched its own rulebook to please business, and business is still unhappy Read More »
Britain is spending £2bn to train its army inside a simulation. It has handed the job to an American defence giant, with a German one taking a slice. The UK has signed a £2bn ($2.7bn) contract to train its soldiers with artificial intelligence. The deal, announced by the Ministry of Defence on Friday, runs for […]
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Britain is spending £2bn to train its army inside an AI war simulation Read More »
Big Tech built its reputation on mountains of cash. It is building its AI empire on debt, and the bill is starting to land in Europe. The five biggest builders of AI data centres in the US have doubled their debt over five years. Together, Alphabet, Amazon, Meta, Microsoft and Oracle have piled on about […]
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Big Tech’s AI debt just hit $350bn, and Europe is about to feel it Read More »
First the Royal Navy shoved a robot boat out of a transport plane at 1,300 feet. Then its maker became Europe’s newest defence unicorn. Kraken Technology Group, a British maker of uncrewed surface vessels, has raised $175m (€152.9m) in a Series B round. It values the company at more than $1bn. Kraken announced the raise […]
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From powerboat records to a $1bn war chest: meet Europe’s newest defence unicorn Read More »
Brussels has decided that infinite scroll is not a feature but a hazard. On Friday, the European Commission told Meta to dismantle the design tricks that keep people glued to Facebook and Instagram, or risk a fine that could run into billions, in a fresh set of charges under the EU’s Digital Services Act. The […]
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EU tells Meta to dismantle Facebook and Instagram’s ‘addictive’ design or face a fine Read More »
This week, two of the world’s biggest car regulators looked at the same question and reached opposite answers. The question is simple. What should sit between a human and a moving vehicle? In the United States, the top auto-safety official floated pulling the steering wheel out altogether. In Europe, new rules took effect that point […]
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The US wants to delete the steering wheel. The EU wants a camera on your face Read More »
Europe uses about a fifth of the world’s chips, but makes only a tenth of them. A three-year-old Munich startup thinks it can help close that gap, and Brussels has just backed the bet. QuantumDiamonds is a spin-out of the Technical University of Munich. It has raised €91M to scale a new way of finding […]
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A €91M bet on the diamond microscope that could be Europe’s next ASML Read More »
A single European bank haggling with Amazon or Microsoft has almost no leverage. A few hundred of them haggling together might. That, stripped to its essence, is the recommendation Dutch regulators handed their government on Friday, in a report warning that Europe’s reliance on American technology is deepening rather than easing. The proposals came from […]
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Dutch watchdogs urge Europe’s banks to pool buying power against US tech giants Read More »