News

Brussels is claiming credit for Apple and Google's revamped tools to ease user migration between iOS and Android. The European Commission sees this as a win for the Digital Markets Act and its data portability demands.

U2V, a spin-off from Earlybird-X, launches a €60 million fund to back DeepTech startups from European tech universities. The fund will invest in pre-Seed and Seed-stage AI, IndustrialTech, and CleanTech startups, targeting up to 25 investments across Europe.

Berlin-based FION Energy secured €1. 4 million in pre-seed funding to expand its AI-optimized battery systems for industrial clients....

Deutsche Telekom and OpenAI have partnered to develop AI products tailored for the European market. This multi-year agreement focuses on creating solutions specifically for the continent's needs.

Brussels launched an antitrust probe into Google's AI search tools, scrutinizing potential breaches of competition rules. The investigation focuses on whether Google's AI summaries favor its own products and services.

Parisian cybersecurity firm Evertrust secured €10 million in Series A funding to expand across Europe. The digital trust software vendor, specializing in Public Key Infrastructure and Certificate Lifecycle Management, aims to scale its platform within the growing digital certificate market.

Mistral AI rolled out Devstral 2, its new AI model focused on coding, as it aims to compete with larger AI labs. This launch follows the recent introduction of the coding assistant, Le Chat.

Brussels launched a probe into Google, investigating the tech giant's use of online content to train its AI models. The European Commission is concerned Google may be using content without proper consent or payment.

KBC Group launches a €100 million Start it Fund to fuel Belgian startup growth, aiming to support early-stage companies from idea to IPO. The fund will invest up to €300,000 in the top 1% of applicants from their accelerator program.

Zurich-based aviation tech company Assaia secured $26. 6 million in Series B funding to scale its AI platform globally....

Nebius, the Amsterdam-based AI infrastructure startup, plans to build and control its own data centers to provide compute power. The company has secured deals with Microsoft and Meta, collectively worth over $20 billion, to supply them with AI infrastructure.

Italy's Equixly secured €10 million in Series A funding to scale its AI-powered platform that tackles API security. The platform identifies up to 80% more vulnerabilities than standard tools and maps API landscapes.

betacluster Ventures launched a new €19 million early-stage fund to support Polish AI-driven tech startups focused on the Smart Data Economy. The fund, backed by investors from Germany, Netherlands, and Switzerland, will invest up to €1 million per company in areas like fintech and smart health.

Madrid-based Algori secured €3. 6 million in fresh funding to scale its AI-powered shopper insights platform globally....

Meta's tweaked ad experience has received approval from the EU following a penalty under the Digital Markets Act. This marks a key development after Meta and Apple were the first to face DMA penalties earlier this year.

Tekpon has acquired The Next Web (TNW) brand from the Financial Times, expanding its reach in SaaS and AI. This acquisition, Tekpon's largest investment in media and events, integrates TNW's digital platforms into their wider strategy.

Meta will offer EU users Facebook and Instagram services with fewer targeted ads, following approval from the EU Commission. This change comes after the company's commitment to comply with the Digital Markets Act (DMA).

The European Commission fined X €120 million for violating the Digital Services Act, a major win for digital regulation. This action underscores the EU's commitment to holding online platforms accountable for misleading users and undermining democracy.

Helsinki is utilizing excess heat from data centers to warm homes, marking a shift in urban heating. This initiative, involving companies like Equinix, Telia, and Elisa, reuses heat from servers to warm tens of thousands of homes.

X pulled its advertising account from the European Commission following the announcement of a €120 million fine. The social media platform's decision comes amid increasing regulatory scrutiny.