Europe

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Revolut launches its mobile plan in Germany for €14.99 a month

Revolut has launched its own mobile phone plan in Germany, the company announced today. The fintech, which recently won a French banking licence, is pushing further beyond its banking app. Revolut Mobile costs €14.99 a month and includes 120GB of data at full speed, then unlimited data at a slower 2 Mbit/s, plus unlimited calls […]

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European Commission plans to use AI to respond faster to cyberattacks

According to a document obtained by Politico, the European Commission’s IT department wants to use AI to fight back against the most dangerous cyberattacks. DG DIGIT, the Commission’s IT department, wrote the paper, though it is undated, and it explains how the EU’s executive branch should get ready to defend against AI-driven threats. According to […]

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Estonian energy storage firm Skeleton becomes unicorn with Siemens deal

Siemens has bought into Skeleton Technologies, an Estonian maker of energy storage systems. With this, the deal values Skeleton at more than $1 billion, its CEO Taavi Madiberk told Bloomberg. The deal closed this month and was worth more than $100 million, the company said, but it did not give the exact figure. In return, […]

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US and European regulators question banks about AI agents and cyber risks

Banking regulators in the US and Europe are stepping up efforts to contain the risks AI poses to banks, Reuters reported, citing six people familiar with the matter. Some fear that cyberattacks or rogue AI agents could shake the financial system. In the US, the Federal Reserve and two other bank regulators are questioning banks […]

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Google DeepMind opens its science AI models to 200 European researchers

Up to 200 European researchers will get direct access to Google’s most advanced science AI models, plus $3 million in computing credits, Google said today. The offer comes from its AI lab, Google DeepMind, and its cloud arm, Google Cloud. The models include AlphaFold 3, which predicts the structure of proteins and other molecules, and WeatherNext, […]

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Europe trails the US on AI because of how firms work, Sifted report says

Europe is falling behind the US on AI use at work, and the main reason is not technology, according to a new report.The report from Sifted, sponsored by London Business School, says Europe has an organisational gap rather than a tech gap. Firms struggle with skills, management, trust and the cost of fitting AI into how […]

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Two-thirds of small firms using AI now build their own tools, Pax8 finds

Small and mid-sized businesses have moved from buying AI tools to building their own. In every market surveyed, most do it without a formal, documented review, Pax8 found in a survey published on Monday. Pax8 is a Denver-based marketplace. It sells AI and cloud software to small businesses through IT service providers. It surveyed 1,150 […]

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UiPath’s Michael Atalla on AI slop, junior jobs and a Shaolin monk’s advice

UiPath’s marketing team has stopped paying outside firms to pull together its advertising data. The head of its paid media team built an AI agent on UiPath’s own platform instead, chief marketing officer Michael Atalla told TNW. It collects the data, analyses it and makes some low-cost changes to how the ads run, around the […]

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Ursula Von der Leyen wants AI to cut how often EU businesses report the same data

Ursula von der Leyen wants companies in the EU to provide officials with the same details just once, with AI helping public bodies use them. The European Commission president made the pitch on Monday, Politico reported, citing a copy of her speech. She spoke at a closed-door gathering of the European People’s Party, her centre-right […]

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Hackers defrost fridges at hundreds of French supermarkets, Bloomberg says

Hackers broke into the refrigeration systems of hundreds of French supermarkets on Sunday night. Stores had to throw out meat, frozen goods and vegetables. About 150 Intermarché stores were hit, a spokesman for owner Groupement Mousquetaires told Bloomberg. The attackers set the cooling systems to defrost. Fridges and freezers heated to 50°C for around six hours, […]

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