Britain wants to be an AI superpower. One of its flagship data centres cannot get the electricity to switch on. Nscale’s £2bn Essex site has the money, the planning permission, and a grid connection, but no power arriving in time. Nscale has the cash, …
France’s Pasqal is heading to Nasdaq at a $2bn valuation, roughly 100 times its revenue. Its own filings spell out two things. Quantum computing might never pay off. And Paris can veto who owns the company. Pasqal, the French quantum-computing firm, is…
Moneybox is Europe’s newest unicorn, worth £800m, or $1.1bn. But no fundraise set that price. Staff did, by selling shares on London’s untested new private market. Moneybox, the British savings and investing app, is now a unicorn. It has put a value of…
Deutsche Bank, UniCredit, Revolut, Stripe and Adyen made the list. The 12-month trial starts in the second half of 2027, and the money it moves will not be legal tender. The European Central Bank published the list on Tuesday: 36 payment service provid…
A Helsinki lab barely a year old, bankrolled by Nokia and the Finnish state, is now writing battlefield software with two defence ministries. The technology matters less than who controls it. On the last day of June, officials from Finland’s Ministry o…
Intel is spending €5bn, or about $5.7bn, upgrading its campus at Leixlip outside Dublin, the company said on Monday. The money is not for a new fab. It is for getting more out of the ones already standing. The plan is to upgrade existing fabrication fa…
Intel is committing 5 billion euros, around $5.7bn, to expand its campus at Leixlip in Ireland. The money is aimed at data-centre processors for AI and high-performance computing, Bloomberg reports. It is a serious share of the company’s budget. The su…
A London startup co-founded by a former Palantir executive has raised $50m to help governments and companies use American cloud and AI without letting America reach inside. The fear driving it stopped being hypothetical this year. Valarian, a London-ba…
The European Union and the United Kingdom have jointly sanctioned Russia’s cyber apparatus for the first time. The EU listed nine individuals and four entities, while the UK went further with 24, Politico reports. The language is what matters here. The…
Munich’s Helsing has raised $1.8bn at an $18bn valuation, making it Europe’s largest defence startup. The round is a bet on sovereign AI. A lot of the money paying for it is American. Europe’s biggest defence startup just got a lot bigger. On Monday He…