QuTwo, the Finnish AI lab founded by former AMD Silo AI CEO Peter Sarlin, is now valued at €325 million (approximately $380 million) after raising a €25 million angel round ($29 million). It’s a sign of enduring tailwinds for AI, quantum computing, and sovereign tech, especially for Europe-made companies. QuTwo’s name is a nod to…
Volkswagen has pushed Amazon out of the top spot to become Rivian’s largest shareholder, new filings with the U.S. Securities and Exchange Commission show. VW Group’s increasing equity stake in Rivian, which has grown from 8.6% to 15.9% in less than two years, is tied to a joint venture with the EV startup. The Rivian…
Every time you use AI, you are, in some small way, depending on a 42-year-old, 44,000-person Dutch company that spends €4.5 billion each year to advance its technology. ASML, headquartered in the Netherlands, makes the machines that make the chips that make AI possible. More specifically, it makes the only machines in the world capable…
Lucid Motors said Tuesday that it’s no longer sure how many EVs it will build or sell this year, as it navigates a transition to a new CEO and a company-wide cost-cutting push. The company said in February that it planned to build between 25,000 and 27,000 vehicles this year. That’s far from the hundreds…
Companies working on batteries, semiconductors, and medical devices generate vast amounts of data — and much of it ends up scattered across spreadsheets and legacy systems, making it hard to use to improve products or understand failures. San Francisco-based startup Altara, which just secured $7 million in seed funding, says it has built an AI…
By OpenAI COO’s own admission last February, “we have not yet really seen AI penetrate enterprise business processes.” But for enterprise software giant SAP, whose stock has dropped significantly in 2026 in part from the “SaaSpocalypse,” the issue is still front and center. On Monday, the European heavyweight announced its intention to acquire German AI…
Nuro has been granted a permit to begin driverless testing of Lucid Gravity SUVs equipped with its autonomous tech on California public roads — vehicles that will eventually be used in Uber’s premium robotaxi service. But the Silicon Valley-based startup, backed by Nvidia and Uber, says it isn’t quite ready to begin. The California Department…
As Bumble gets ready for a big overhaul meant to win back Gen Z users (who are pretty over dating apps right now), its latest earnings still reports that paying users are declining. In the first quarter of 2026, total paying users fell 21.1% to 3.2 million, down from 4 million a year ago. This…
In a blog post that lays out a vision for crypto’s future, ranging from a “new financial system” to warnings about “opaque” AI, a16z crypto announced a new $2.2 billion fund. This is the VC firm’s fifth fund and brings the total raised to date to $9.8 billion, it says. In addition, the fund also…
When iOS 27 is released later this year, iPhone users will reportedly have a lot of choice when it comes to which AI models they want to use on-device. A new report from Bloomberg says that Apple plans to give users their pick of a number of third-party large language models that will be capable…