Orange and Morrison announced an exclusivity agreement on Monday to create a jointly controlled data centre company in France, backed by a €3 billion investment programme combining Orange assets, Morrison equity, and debt. The venture targets 400 megaw…
OpenAI is expanding its European headquarters in Dublin with 250 new jobs and an 88,000-square-foot lease at the Tropical Fruit Warehouse in the city’s Docklands. The company currently employs around 100 people in Ireland and established its European p…
A development bank has just minted a unicorn, and it took two years. Ominimo, a Budapest-based motor insurance startup founded by Serbian and Hungarian entrepreneurs, has closed a Series B led by the venture arm of the European Bank for Reconstruction …
On Monday, the network announced a $1.6 million seed round from top players in the media ecosystem, including Powerhouse Capital, Axel Springer SE (which owns Business Insider and Politico), the popular media publication LadBible, and angel investors f…
Europe’s ambition to stop hitching rides on someone else’s spacecraft now has a rough price tag. The Exploration Company, the Munich-based startup building what it bills as Europe’s first reusable space capsule, is in talks to raise at least $300mn, ac…
European defense contractor Saft is set to supply lithium-ion battery systems for the next generation of naval submarines, replacing decades-old lead-acid technology with EV-style packs that promise higher energy density, faster charging, and superior …
SAP gave investors the number they wanted. Europe’s biggest software company said cloud revenue grew 22% to €6.28 billion in the second quarter, beating forecasts, SAP announced. Its cloud backlog, a measure of future sales, jumped 26%. The stock rose …
Dassault Systèmes is one of Europe’s largest software companies, and it is having an anxious year. Its shares are down about a quarter this year. It pushed out its chairman in February. And investors worry that a new wave of AI could hollow out its mai…
On 24 July, the European Commission issued preliminary findings that the TikTok platform breached the Digital Services Act by leaving minors’ accounts open to adults, the latest escalation in a probe that has shadowed the app since 2024. The finding is…
The AI industry runs on Nvidia. A team at the University of Cambridge has just shown it does not have to. They have built a planetary-scale foundation model for the Earth, and every chip that trained and ran it came from AMD. The model is called TESSER…