News - For Business

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.

EU's AI Act faces scrutiny over regulating advanced models like Mythos. Experts question its effectiveness in addressing rapid AI development and potential vulnerabilities.

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'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 secures $70M at a $2. 1B valuation to expand its AI-upskilling platform across Europe....

Euan Blair’s Multiverse secures £70M at $2. 1BN valuation to expand AI training across Europe....

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.

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 secures €2. 1 million Seed funding to enhance its AI-driven sales compensation platform....

Europe's reliance on external cloud providers poses significant political and data sovereignty risks. This dependency, particularly for AI development powered by US-made GPU chips, exposes vulnerabilities beyond technological capabilities.

Berlin-based n8n doubles valuation to $5. 2BN after SAP strategic investment....

EU's Digital Markets Act compels browser choice screens, boosting Firefox by 6 million users, with a 113% rise on iPhones. The European Commission reviews the DMA's impact, noting gains for other browsers like DuckDuckGo.

Brussels pushes EU-wide social media age protections for children. An EU age-verification app is technically complete, with bloc-level rules on minimum social-media ages next.

African-Startups. com launches as sister publication to EU-Startups, covering Africa's tech ecosystem....

Algorithmiq moves its global headquarters to Milan, Italy, securing €18M in venture capital for its quantum software. This funding represents Italy's largest quantum startup investment, bolstering Europe's deeptech commercialization efforts.

London’s Fifth Dimension secures €22M for its AI-powered decision intelligence platform for real assets. The funding will scale their solution that unifies fragmented data into an actionable intelligence layer for investors.

European Commission commissions three studies on technical solutions for marking and detecting AI-generated content. The research supports development of a Code of Practice for AI-generated content, examining text, audio, and image/video modalities.

Copenhagen's Reel raises €15 million to make renewable energy predictable. The company will use the funding to refine products and build a commercial team in Germany.

The European Commission is seeking feedback on draft guidelines for AI Act transparency obligations. Stakeholders can participate until June 3, 2026, with input considered for the final report.

The Dutch Data Protection Authority fines taxi app Yango €100 million for transferring personal data to Russia. The company behind Yango's European operations is based in the Netherlands.