News - For Business
Daily digest of all European digital development news
Cabinet presents international strategy for responsible AI
The Dutch government launched an international AI strategy for safe, responsible deployment. It focuses on strengthening competitiveness, AI sovereignty, and international cooperation.
Nintendo confirms when the new revision of Switch 2 will arrive in Europe. And also that it will have less battery and more weight
Nintendo confirms a revised Switch 2 will launch in Europe this autumn, allowing for easier battery replacement to comply with EU regulations. The console's updated design will feature a more accessible battery but will also be heavier.
Europe’s magnet supply chain push gets €8 million boost from German startup alqem
Munich-based alqem secures €8M to build a European AI-driven materials supply chain. The startup aims to discover next-gen materials for EVs and wind turbines, reducing single-country dependency.
From cash deposits to everyday rewards: London-based Stoa raises €2.1 million
London-based Stoa raises €2. 1M pre-Seed for its cash management platform....
Mistral CEO warns closed AI models give providers ‘immense leverage’ over your business
Mistral AI CEO Arthur Mensch warns businesses against closed AI models, citing provider leverage and data retention risks. He advocates for open-source alternatives to maintain control over enterprise data and business operations.
Quantum Systems raises $1.2B, IQM becomes first European quantum company on major US exchange, and European startup funding in June
European tech funding in June surpassed €1. 6 billion across over 55 deals....
IQM becomes the first European quantum company to list on a major US exchange
European quantum firm IQM listed on Nasdaq, marking a significant achievement for the continent's tech sector. The Finnish company's debut on the Global Select Market highlights its growth and the increasing prominence of European quantum computing.
Espoo-based IQM goes public on Nasdaq in European quantum first with €127 million in PIPE financing
Espoo-based IQM Quantum Computers goes public on Nasdaq, becoming Europe's first quantum tech firm to list publicly. The company raised €127 million in PIPE financing, bringing total growth funding to €475 million.
Infineon opens new €5bn Smart Power Fab chip factory in Germany
Infineon opens new €5bn Smart Power Fab chip factory in Germany, months ahead of schedule. The Dresden plant represents Infineon's largest single investment and a major project for Germany.
Dublin’s Pilot Photonics wins €10.4m EIC backing for photonic chip scale-up
Dublin’s Pilot Photonics secures €10. 4m from the European Innovation Council for its AI data centre photonic chip technology....
IQM becomes first European quantum computing company to list on a major US exchange
IQM becomes the first European quantum computing firm to list on a major US exchange, Nasdaq, with a €337M cash position. The company has sold 23 quantum computers globally, leading the market with its full-stack systems.
The Government says Palantir is a national security risk. NATO, of which Spain is a partner, has put it in charge of its own
Spain joins France, Germany, and others in blocking new contracts with Palantir due to national security concerns. The unofficial ban stems from fears of sensitive data falling into the hands of a U....
Orbit Capital closes €107M venture debt fund for CEE scaleups
European Investment Fund backs Orbit Capital’s €107M venture debt fund for CEE scaleups. The fund supports post-Series A tech firms with non-dilutive growth capital for expansion and acquisitions.
BidScript reports up to 50% higher tender win rates as it secures €701k pre-Seed funding
Manchester-based BidScript secures €701k pre-Seed funding for its AI tender management platform. This funding accelerates BidScript's expansion into new markets amid strong European procurement tech investment.
Government focuses on its own, secure sovereign cloud
Netherlands plans a sovereign government cloud to boost digital autonomy and security against non-European providers dominating the market. The government will develop this cloud in its own data centers, involving market collaboration.
Ireland secures €10m to launch AI Factory Antenna
Ireland secures €10m to launch its national AI Factory Antenna, connecting the Irish AI ecosystem to European AI Factories infrastructure. The programme aims to foster collaboration and advance AI development across the continent.
Dutch cybersecurity startup Dawnguard lands €2.8 million for AI-native security architecture automation
Dutch cybersecurity startup Dawnguard lands €2. 8 million, bringing its total funding to over €5....
Build raises $8.5M to speed up the paperwork behind data centres
Build raises $8. 5M to cut data centre paperwork by 95% using AI....
Qonto and Pennylane: French fintech friends and foes
French fintech Qonto offers SME banking and accounting services across eight EU markets. The company, last valued at $5bn, operates under a Payment Institution licence and is seeking a French banking licence for lending.
British-U.S. startup Build secures €7.4 million to accelerate “agentic real estate” platform
Build, a British-U. S....