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Google loses final appeal over record €4.1 billion EU Android fine

The Court of Justice of the European Union has dismissed Google’s final appeal against a €4.1 billion antitrust fine, ending an eight-year fight over how the company built Android into a vehicle for its search and browser dominance. The ruling, handed down on Thursday, leaves the penalty intact and closes off any further judicial route […]

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Novo Nordisk’s owner backs an Italian fund to grow drug startups beyond Denmark

Novo Holdings, the investment company that controls Novo Nordisk and holds the wealth of the Novo Nordisk Foundation, is backing a fund aimed at Italian drug startups, according to Bloomberg. The move extends a pattern that has seen the Danish investor push capital into life sciences hubs well outside Copenhagen, including European deep-tech vehicles backed alongside the […]

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China and US risks leave Europe’s chip sector facing a bleak future, report warns

A new report from the EU Institute for Security Studies (EUISS) and the French think tank Institut Montaigne warns that Europe’s semiconductor sector faces a bleak future, squeezed between Chinese export controls and a growing dependence on US technology. The study, published on Thursday, forms part of an 18-month, EU-funded project called the Chips Diplomacy […]

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AI’s hopes and fears take over the world’s big central-bank gathering

Every summer the world’s most powerful central bankers decamp to a hillside town outside Lisbon to argue about the economy in relative calm. This year the argument had a single organising subject, and it was not inflation in the usual sense. It was artificial intelligence, and specifically the awkward fact that nobody in the room […]

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Portugal open-sources Amália, its first national AI model, in a bet on European Portuguese

A country of just over 10 million people now has a large language model that speaks its own version of the language. Portugal has released Amália, its first national AI model built specifically for European Portuguese, and it has done so in about the most deliberate way a government can. The model, its training data […]

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UiPath shares rebound as Wall Street warms to its AI-agent pivot

UiPath spent much of the year as one of software’s biggest disappointments. Now the Romanian-founded automation firm is clawing back. Its first profit and an all-in bet on AI agents are the reason. Shares in UiPath have rebounded in recent weeks. They are up around 15 per cent over the past five days, lifting the […]

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The automation billionaire is telling bosses not to cut too fast

Few people have done more to automate the office than Daniel Dines. So it is striking that the UiPath founder’s message on AI and jobs is a plea for patience, and a confession that he feels the anxiety too. Dines built UiPath into one of Europe’s biggest software success stories by selling robots that do […]

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Build raises $8.5M to speed up the paperwork behind data centres

The AI boom needs somewhere to live. Data centres, power lines, and factories all start with months of paperwork before a single wall goes up. A British-founded startup says its AI can cut that grind by 95 per cent. The company is Build, and on Tuesday it raised $8.5mn (€7.4mn) in seed funding led by […]

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London’s MDOTM raises $27M to put AI inside wealth managers

The buzziest corner of finance AI is not the trading desk. It is the dull middle office, where staff keep thousands of portfolios in line with spreadsheets. A London-founded startup just raised $27mn to automate exactly that. The company is MDOTM. It has closed a $27mn growth-equity round led by Expedition Growth Capital, it said. […]

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Aikido buys Israel’s Root to patch open source with AI

A Belgian cybersecurity unicorn has bought an Israeli startup with an unusual trick. Its AI agents fix an open-source flaw without breaking the app that depends on it, something most security tools cannot do. Aikido Security, based in Ghent, became Europe’s fastest cybersecurity company to reach a $1bn valuation in January. It has now acquired […]

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