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Ramp passes $2bn in revenue as its Europe chief confirms the $60bn round

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“Today, Ramp raised $1.85B at a $60B valuation,” Eric Oancea, who leads Ramp in Europe, wrote on LinkedIn. His post confirms the round that Bloomberg reported on 10 October. Ramp’s co-founders, Eric Glyman and Karim Atiyeh, marked the new valuation with a blog post on 15 October, titled “Ramp at $60B: The End of the […]

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Amazon in talks to buy Decart for about $7bn, WSJ reports

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Amazon is in talks to buy the AI startup Decart in a deal that could value it at about $7bn, The Wall Street Journal reported on Sunday. Kate Clark and Lauren Thomas reported the talks, citing people familiar with the matter. A deal could come soon if the talks do not fall apart and no […]

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Naboo rebrands and says its AI cuts corporate event costs by 12%

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Naboo, a Paris start-up that books and manages events for large companies, has rebranded, it said on Tuesday. It now pitches itself to procurement and finance teams as well as to event organisers. The company says it handles more than $300 million of corporate events a year, and that its AI saves clients 12% per […]

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Nvidia in talks to buy Reflection AI or invest more, FT reports

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Nvidia is in talks to buy Reflection AI or invest more in the US open-weight model developer, the Financial Times reported on Saturday, citing people with direct knowledge of the matter. TNW has not independently verified the report. The talks are at an early stage and could still fall apart, according to the FT. The […]

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EIF’s incoming chief says Europe’s Tech Champions funds hold 15 unicorns

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Europe must give its startups the capital to grow without leaving the continent, Jean-Christophe Laloux said. The incoming chief executive of the European Investment Fund spoke at Wave by Vento in Turin on Friday. “It’s not enough to innovate in Europe. You also must be able to scale in Europe. And that is really important […]

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Vittorio Colao defends copyright rules and the DSA in Europe’s AI debate

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Regulation is holding back AI in Europe, but not every rule in the same way, Vittorio Colao said. The former Vodafone chief executive, now vice chairman for Europe, the Middle East and Africa at General Atlantic, spoke on stage at Wave by Vento in Turin on Friday. Asked whether regulation is hindering AI in Europe, […]

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micro1 commits $1bn to buy company data for training AI agents

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AI training company micro1 will spend $1bn over the next 12 months buying and licensing operational data from companies. The San Francisco company announced the plan on Friday. Citi and Hercules Capital are providing the capital. The money goes through micro1’s Company Data Partnerships programme. The company uses de-identified company data to build reinforcement learning […]

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Nik Storonsky wants Revolut to be Europe’s answer to Meta and Google

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Revolut wants to grow beyond banking into a global tech company on the scale of the biggest US groups, but built in Europe, chief executive Nik Storonsky said. He spoke with Exor chief executive John Elkann at Wave by Vento in Turin, in a session titled “Global Champions, European roots”. “Our American dream, I mean, […]

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Vittorio Colao: Europe missed the digital wave and must not miss the next

Artificial Intelligence, Digital Marketing, Europe, Events, Government and policy, SEO Tips, Startups and technology, Technology /

Europe has less than 2 gigawatts of AI computing capacity and needs more, former Vodafone chief executive Vittorio Colao said. He spoke at a closed-door press Q&A at Wave by Vento in Turin on Friday, the event’s last day. “Europe missed the big digital wave. Fine, 20 years,” Colao said. Europe should not miss the […]

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Dealroom CEO says Europe’s first trillion-dollar startup may already exist

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Europe’s venture-backed companies could be worth more than its industrial base within five years, Dealroom founder and chief executive Yoram Wijngaarde said. He spoke at Wave by Vento in Turin on Thursday. “I think that the VC-backed ecosystem is going to overtake our industrial base in terms of total value created within the next five […]

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