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Slovenia has approved Tesla’s FSD Supervised, becoming the sixth European Union member state to let the driver-assistance system onto its roads. The timing is the point: an EU-wide vote that could open all 27 markets at once is expected in under a month. The approval was reported by Reuters on Tuesday. Tesla announced it in a post […]
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Dacia has revealed a second-generation Spring built at Renault’s Novo Mesto plant in Slovenia, and the entire range is priced below €20,000 before government subsidies. The first-generation car, which sold more than 210,000 units across forty countries since 2021, was built in China. That relocation is the story, and the press materials do not mention […]
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Mistral has raised €3bn in a Series D at a post-money valuation of more than €21bn, which the company says is the largest equity fundraising ever completed by a European technology firm. Samsung Electronics led the round, three years after the Paris company was founded. The co-leads are the part worth pausing on. One is […]
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Mistral raises €3bn at a €21bn valuation in Europe’s largest tech equity round Read More »
The man who wrote the UK’s AI Opportunities Action Plan is leaving the government research agency he chaired. He announced it five days after taking a job at Anthropic. The resignation itself is not the interesting part. The arrangement it undoes had already been reviewed and cleared by a government department. Matt Clifford will step […]
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Matt Clifford quits as ARIA chair over his Anthropic job Read More »
Deutsche Telekom, Orange, Vodafone and Telefónica are in early talks to form a consortium that would bid for European satellite spectrum and offer calls, texts and data to ordinary phones from orbit, Bloomberg reported on Monday. The service would compete with Starlink on its home continent. Paula Doenecke, Gian Volpicelli and Clara Hernanz Lizarraga cited […]
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Europe’s top carriers in talks to take on Starlink, Bloomberg reports Read More »
Belgian prosecutors have held a 52-year-old man in pre-trial detention since 10 May on suspicion of passing chip-making secrets to China. He holds Belgian and Chinese nationality. Police arrested him at Brussels Airport as he was about to board a flight to Beijing, the Federal Prosecutor’s Office said in a statement on Monday. That is […]
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Belgian chip researcher held since May over secrets allegedly sent to China Read More »
Uforce, the London-based drone company built from Ukrainian battlefield manufacturers, is in talks to raise about $500m at a valuation of around $5bn, Bloomberg reported on Monday. Valor Equity Partners, the firm run by SpaceX board member Antonio Gracias, would lead the round. Yazhou Sun and Rebecca Torrence cited people familiar with the matter who […]
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Musk ally’s Valor to lead $500m Uforce round at $5bn, Bloomberg reports Read More »
The number that matters in Monday’s Jaguar Land Rover announcement is not 4,000. It is 300,000. That is the annual sales volume at which the company now intends to break even. Its brands have historically sold well over 400,000 vehicles a year. Just Auto made that comparison in its report on the statement. JLR is […]
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Jaguar Land Rover cuts 4,000 jobs and resets break-even to 300,000 cars Read More »
The investment case for Cato is unusual. Most software sells on the promise of making a hard thing easy. Cato’s backers are betting that a hard thing stays hard. The Milan startup has raised €6m in seed funding to sell AI to companies bidding for Italian public tenders. Keen Venture Partners, the Amsterdam and London […]
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Cato raises €6m to sell AI into Italy’s €309.7bn tender market Read More »
A German company designs the robot. An Italian company builds the board that goes inside it. An American company designs the chip that goes on the board. That is the European Physical AI stack as it actually exists. On Monday, two thirds of it signed a partnership. NEURA Robotics and SECO said in a joint […]
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NEURA and SECO will build robot compute modules in Europe Read More »