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Mistral CEO warns closed AI models give providers ‘immense leverage’ over your business

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Arthur Mensch, cofounder and chief executive of French AI lab Mistral, has urged enterprise leaders to abandon closed AI models. In a LinkedIn post, he argued that closed providers are now forcing data retention and gaining “immense leverage” over their customers’ businesses. As companies connect models to their internal context, Mensch wrote, providers see it, learn […]

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Germany’s most conservative banks are about to let millions of customers buy Bitcoin

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Germany’s cooperative banks and savings banks, the local institutions that handle mortgages, current accounts, and small business loans for tens of millions of customers, are rolling out their own cryptocurrency trading services. The move will bring digital asset trading to a population that could barely be persuaded to use credit cards a decade ago. Some of […]

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Macron and Modi are winning the AI infrastructure race with text messages and personal meetings

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The global race for AI infrastructure has become a contest of personal relationships. French President Emmanuel Macron and Indian Prime Minister Narendra Modi have emerged as its most aggressive practitioners, personally courting the heads of the world’s largest technology companies to secure data centre investments that will determine where the next generation of AI systems are trained […]

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Europe is coming for loot boxes, and the games industry is bracing

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The video-game industry is bracing for a wave of European rules. They could limit what children play, and cost the sector billions in lost sales. A cluster of European regulations is taking aim at how games are sold to minors. Loot boxes are the main target. The shift could crimp sales worldwide, Bloomberg reported. Regulators […]

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SAP freezes hiring and travel to shovel cash into AI

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Europe’s biggest software company is tightening its belt to chase artificial intelligence. SAP is freezing most hiring and pausing non-essential travel, all to free up cash for its AI push. The plan landed in an internal email to staff on Wednesday evening. Bloomberg saw the memo, and SAP confirmed the move to The Register. Going […]

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Dutch military backs Intelic’s drone software with tens of millions of euros

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The three-year deal aims to let drones from different manufacturers operate under one command system, a lesson the Netherlands says it has drawn from Ukraine. The Netherlands’ Ministry of Defence is putting tens of millions of euros into Intelic, a Dutch startup whose software lets drones from competing manufacturers operate under a single command system. […]

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HCLTech wins $1.14bn deal with a European firm, its biggest since 2023

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HCLTech has signed a $1.14 billion contract with a major European company, the Indian IT services group said Thursday, in what is its largest single deal since a $2.1 billion agreement with Verizon in August 2023. The client is described only as a Fortune Global 50 firm, and neither side has named it publicly. The […]

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EU lawmaker who investigated spyware abuse was hacked with Pegasus

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Stelios Kouloglou spent two years on the European Parliament committee set up to investigate governments spying on their own citizens with commercial hacking tools. According to a report published Friday by Citizen Lab, the University of Toronto research group, his own phone was hacked with Pegasus spyware while that inquiry was under way. Kouloglou, a […]

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Quantum Systems raises $1.2bn and doubles its valuation to $8bn as defence money floods in

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Europe has a new defence-tech heavyweight. Quantum Systems, a German maker of autonomous drones, has raised $1.2bn and more than doubled its valuation to about $8bn. It is one of the largest rounds ever for a European defence startup. The Bavarian company announced the Series D on Thursday. Blackstone, Noteus, Airbus, and Advent co-led it. […]

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Getty scraps its $3.7bn Shutterstock merger after a UK regulator won’t budge

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A $3.7bn plan to merge the world’s two biggest stock-photo libraries has collapsed. The reason is not America, where regulators waved it through. It is Britain, where a single condition proved a deal-breaker. Getty Images will terminate its merger with Shutterstock, the company said this week. Its board voted unanimously to walk away after the […]

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