News - For Business

Eindhoven-based Keiron secures €20. 7M to fix critical solder paste printing issues in electronics manufacturing....

EuropAI project launches to accelerate sovereign generative AI adoption in European public administrations. Governments from Netherlands, Denmark, Belgium, and Luxembourg will collaborate on trusted AI solutions, moving away from non-EU providers like ChatGPT.

The European Commission begins enforcing the AI Act and new transparency rules on August 2. AI systems must now inform users they are interacting with AI, and deepfakes must be labelled to prevent deception.

The European Commission earmarks €50 million annually to bolster a free, diverse media sector. Support targets collaborative journalism, media literacy, and strengthening the European public sphere, funded through Multimedia Actions and Creative Europe.

The European Commission launches a €30 billion bid to build seven AI "gigafactories." This initiative aims to give the EU computing power for frontier AI training, reducing reliance on the United States.

ChatGPT and Roblox may soon face the EU's strictest Digital Services Act rules. A European Commission spokesperson confirmed designation is "definitely possible" for these platforms.

EU launches AI Gigafactories call to boost computing capacity and unlock €30B+ investment. Seven factories will combine advanced AI, cloud, and data centers to accelerate AI development and strengthen Europe's technological sovereignty.

European Investment Bank (EIB) backs electric mobility with €48 million financing for Drivalia. The agreement will deploy nearly 2,900 battery electric vehicles across Italy and Finland, significantly cutting CO₂ emissions.

British defence startup Agon launches with $30m to build virtual battlefields for AI weapons training. The funding supports European defence autonomy companies in an AI arms race.

The European Union's new "right to repair" directive takes effect July 31, mandating device repairs even out of warranty. This directive aims to reduce electronic waste and promote circular economy principles by making repairs more accessible and attractive.

Munich-based 5U AI lands $3. 2M pre-seed for its AI freight workforce platform....

Sofia-based Tiger Technology secures €8. 7 million for its hybrid cloud data infrastructure....

Lidl Germany now accepts Wero, an EU banking initiative aiming to reduce reliance on Visa and Mastercard. This integration allows customers to pay directly from their bank accounts in real-time.

Budapest-based Ominimo, a motor insurance startup, secures €20. 1 million in Series B funding....

Milan's Beelzebub secures €3 million Seed funding to combat AI-driven cyberattacks with AI-powered traps. The AI-native cybersecurity platform will expand its research team and client acquisition across Europe, focusing on NIS2-regulated organizations.

The EU accelerates digital sovereignty efforts as Germany ditches Microsoft SharePoint for open-source alternatives. Ireland halts a €1 billion Microsoft deal, eyeing open-source options to avoid US tech dependency.

Brussels handed out its two largest platform fines yet, opened a fresh child-safety case against TikTok, and watched its own interoperability rules collide with encrypted messaging. Underneath it all, a quieter story: European governments and investors betting real money on reducing dependence on US tech.

European tech funding deals surpassed €1 billion this week. CuspAI secured $450M, Augustus raised $180M, and Humanoid hit $1....

ispace-EUROPE secures €65 million ESA contract for Europe's first lunar polar ice exploration rover, MAGPIE. The mission will investigate lunar volatiles and water ice, advancing European lunar exploration capabilities.

The European Commission has charged TikTok with breaching the Digital Services Act (DSA). Preliminary findings indicate TikTok's default settings failed to protect minors' privacy by leaving their accounts open to adults.