News - For Business
Daily digest of all European digital development news
No one has been able to beat Revolut in Spain yet. Monzo's response: "yet"
Neobank Monzo registers with the Bank of Spain, seeking approval to operate as a branch. This regulatory step allows the UK's Monzo, with 13 million customers, to officially enter the Spanish market.
AI model "capability overhang" biggest challenge facing European businesses, says OpenAI revenue chief
OpenAI's revenue chief highlights European businesses struggle to extract value from AI due to rapid model advancements. OpenAI launches new unit and acquires Tomoro to embed engineers and bridge this "capability overhang."
French companies bid $10bn for one of the EU’s five planned AI gigafactory sites
French companies bid $10bn for one of the EU’s planned AI gigafactory sites. The Scaleway-led consortium aims to secure the facility, competing against bids from Spain, Germany, and the Netherlands.
Paris-based Prelude raises €17.2 million Series A to scale its onboarding and trust infrastructure platform
Paris-based Prelude secures €17. 2M Series A to enhance user verification and fraud prevention....
Zurich-based AVIAN raises €2.2 million to prevent industrial fires with always-on AI thermal monitoring
Zurich-based AVIAN raises €2. 2M pre-Seed to prevent industrial fires with AI thermal monitoring....
Dunia Innovations unveils €280M Berlin GigaLab to industrialise AI-driven materials discovery
Berlin to host €280M AI-driven materials discovery lab by Dunia Innovations. The GigaLab will industrialize AI-powered material development, leveraging partners like Siemens and NVIDIA.
AI Literacy: what is it, why now, and how do you approach it? | iPeople
AI literacy is the foundational skill of 2026: knowing what AI can and cannot do, prompting safely, recognizing hallucinations, and understanding the EU AI Act rules. A practical guide for businesses and governments.
Could Europe’s Red Tape finally be its Biggest Moat?
Europe's stringent regulations like GDPR and MDR create a "moat" for AI innovation. New European founders are leveraging this complexity to build AI solutions for healthcare and financial services, previously untouched by software disruption....
IMR to lead €6.9m project to double EU remanufacturing output
IMR will lead a €6. 9m EU project to double remanufacturing output and cut resource use....
Draft Commission guidelines on the classification of high-risk AI systems
European Commission releases draft guidelines on classifying high-risk AI systems. These aim to ensure uniform application and enforcement of the AI Act's Article 6 across providers and deployers.
Targeted consultation on the draft guidelines for the classification of high-risk artificial intelligence systems
Brussels launches a targeted consultation on draft guidelines for classifying high-risk AI systems. The consultation, open until June 23, 2026, seeks feedback on the clarity and usefulness of examples provided in the guidelines.
Cosmico raises €12M in Series B round
Milan-based Cosmico secures €12M to fuel expansion in future-of-work solutions. The company also acquired creator agency Flatmates, strengthening its presence in Italy and Spain.
Can EU AI Act actually regulate models like Mythos?
EU's AI Act faces scrutiny over regulating advanced models like Mythos. Experts question its effectiveness in addressing rapid AI development and potential vulnerabilities.
A gigantic submarine cable between Europe and Africa: Orange's "life insurance" to secure the internet
Orange and partners announce Via Africa, a new subsea cable connecting Europe and Africa to boost internet resilience. The cable will feature European connections in the UK, France, Portugal, and the Canary Islands, improving international communication diversity.
Europe built sovereign clouds to escape US control. Then forgot about the processors
Europe's €2B sovereign cloud push faces a silicon bottleneck, relying on US Intel/AMD processors despite aiming for independence. These chips contain management engines outside OS control, potentially exposing data to US legal reach.
Multiverse raises $70m at a $2.1bn valuation to push its AI-adoption pitch across Europe
Multiverse secures $70M at a $2. 1B valuation to expand its AI-upskilling platform across Europe....
Euan Blair’s Multiverse raises $70M at $2.1BN valuation
Euan Blair’s Multiverse secures £70M at $2. 1BN valuation to expand AI training across Europe....
Twin Prime lands $10M pre-seed to build frontier AI models for defence and security
Twin Prime lands $10M pre-seed for defence AI models, partnering with European firm Theon. The joint venture will develop and deploy bespoke AI solutions to augment Theon's defence product offerings.
The EU-Startups Podcast | Interview with Pieterjan Bouten, Founding and Managing Partner at Entourage
Brussels launches a new €100M fund to back European AI startups, aiming to foster innovation in the B2B SaaS sector. The initiative supports early-stage companies and aims to scale global SaaS ventures.
Barcelona’s Dolfin raises €2.1 million Seed round to scale its AI-native platform for sales compensation
Barcelona's Dolfin secures €2. 1 million Seed funding to enhance its AI-driven sales compensation platform....