News - For Business
Daily digest of all European digital development news
Why Cohere is merging with Aleph Alpha
Canadian AI startup Cohere is acquiring Germany-based Aleph Alpha, backed by Schwarz Group, to create a sovereign enterprise AI alternative. This move challenges US dominance in the AI landscape.
Cohere acquires, merges with Germany-based startup to create a ‘transatlantic AI powerhouse’
Cohere merges with Germany's Aleph Alpha, creating a transatlantic AI powerhouse. This strategic move aims to bolster AI development and deployment for businesses and governments across continents.
Cohere buys Aleph Alpha to forge sovereign AI alternative to US Big Tech
Canadian AI firm Cohere buys Germany's Aleph Alpha to challenge US Big Tech dominance. The transatlantic deal aims to provide governments and regulated industries with a sovereign AI alternative.
Verda raises $117M, Aleph Alpha to be acquired, and solving the quantum bottleneck
Verda raises $117M for AI cloud infrastructure, while Aleph Alpha is to be acquired by Cohere. Europe saw over €632 million invested across 65 funding deals this week.
Aleph Alpha to be acquired by Cohere
German AI startup Aleph Alpha is to be acquired by Canadian AI lab Cohere, creating a sovereign alternative to US AI labs. The combined entity will offer AI services to European businesses and government agencies seeking data and infrastructure control.
Cohere and Aleph Alpha announce merger in Berlin, creating a $20 billion transatlantic AI company
Cohere and Aleph Alpha merge in Berlin, forming a $20 billion transatlantic AI company. The German government becomes an anchor customer, with both digital ministers attending the announcement.
Government concludes deal with European cloud platform STACKIT
The Dutch government inked a framework agreement with STACKIT, a European cloud platform. This deal allows state organizations to use EU-based cloud services, bolstering digital autonomy and reducing reliance on non-European providers.
Berlin-based VREY raises €3.3M to unlock shared-roof solar
Berlin-based VREY secures €3. 3M to simplify shared-roof solar in multi-family buildings....
Data protection authorities ask European Commission to test Israeli registration requirement for aid workers
European privacy watchdogs urge the European Commission to examine Israel's mandatory registration for aid workers. This obligation forces organizations to violate GDPR or halt aid, jeopardizing aid workers and their families.
Nox Mobility raises €2M pre-seed to rethink Europe’s night trains
Nox Mobility raises €2 million to modernize Europe's night trains with private cabins. The startup aims to enhance passenger experience and operational efficiency in overnight rail travel.
London’s Passion Capital closes €46 million fourth Seed fund targeting AI and FinTech startups
London's Passion Capital closes €46 million Seed fund for AI and FinTech startups. The fund targets early-stage ventures across the UK and Europe, continuing a trend of robust pre-seed investment.
Seapoint raises €7.5M and opens to all UK and Irish founders
Seapoint secures €7. 5M seed funding to empower UK and Irish startups with AI financial operations....
Consultation on the Implementation Act of the AI Regulation has started
Netherlands launches consultation on AI Act implementation, establishing national oversight for the European Union's AI Regulation. This proposal ensures safe and reliable AI use while fostering innovation.
Logicc secures €2.5 million amid continued momentum in Germany’s secure AI market
Hamburg-based Logicc secures €2. 5 million for its AI platform designed for lawyers and doctors....
Europe is pouring tens of billions of public money into VC. The hard part is making it work
European Investment Fund launches €15B fund to unlock €80B for scaleups. Germany's WIN initiative targets €12B by 2030, while France's Tibi programme pledges €7B.
Stegra bags €1.4B rescue funding package, OpenAI to move to first permanent London office, and your guide to next week's Tech.eu Summit London
The Tech. eu Summit London is approaching, featuring insights into European tech and digital policy....
Valencia-based GuruSup raises €1.3 million Seed round for AI customer service platform
Valencia-based GuruSup secures €1. 3 million Seed funding to expand its AI customer service platform....
EU awards its €180 million sovereign cloud contract to four European providers
Brussels awards €180 million sovereign cloud contract to four European providers. The six-year framework includes a Thales-Google Cloud joint venture, signaling non-European tech can qualify if operated under strict conditions.
Brussels tells Google to hand rivals its search crown jewels as privacy row brews
Brussels tells Google to hand rivals its search crown jewels as privacy row brews. The EU is demanding access to Google's core search data to foster competition.
The EU has told Google what it must do to share search data with rivals
Brussels demands Google share search data with rivals under the Digital Markets Act. Six measures will govern data sharing, including for AI chatbots, following a preliminary Commission finding.