Europe must give its startups the capital to grow without leaving the continent, Jean-Christophe Laloux said. The incoming chief executive of the European Investment Fund spoke at Wave by Vento in Turin on Friday. “It’s not enough to innovate in Europe…
Regulation is holding back AI in Europe, but not every rule in the same way, Vittorio Colao said. The former Vodafone chief executive, now vice chairman for Europe, the Middle East and Africa at General Atlantic, spoke on stage at Wave by Vento in Turi…
Fintech start-up Ramp has raised about $1.85bn at a valuation of roughly $60bn, Rebecca Torrence reported for Bloomberg, citing people familiar with the matter. Dragoneer Investment Group and Thrive Capital led the round, and Founders Fund also wrote a…
A memo from US law firm Quinn Emanuel sets out how the debt behind the AI data centre boom could turn into a wave of lawsuits. Liz Hoffman reported that it was doing the rounds again this week for Semafor. The 20-page client alert was first published i…
AI training company micro1 will spend $1bn over the next 12 months buying and licensing operational data from companies. The San Francisco company announced the plan on Friday. Citi and Hercules Capital are providing the capital. The money goes through…
Revolut wants to grow beyond banking into a global tech company on the scale of the biggest US groups, but built in Europe, chief executive Nik Storonsky said. He spoke with Exor chief executive John Elkann at Wave by Vento in Turin, in a session title…
Europe has less than 2 gigawatts of AI computing capacity and needs more, former Vodafone chief executive Vittorio Colao said. He spoke at a closed-door press Q&A at Wave by Vento in Turin on Friday, the event’s last day. “Europe missed the big dig…
Sam Altman said OpenAI will put its mission ahead of its share price once it goes public, even if the stock “falls a lot”. The OpenAI chief executive said it in an interview with Vanity Fair, published on 5 October. Vanity Fair global editorial directo…
EA has obtained an investment-grade rating from Egan-Jones for a subset of its bonds, and is using it to argue it does not owe creditors a 101-cent payout after the largest leveraged buyout on record. Egan-Jones is under SEC investigation over whether …
OpenAI expects its annualised revenue to reach or exceed $70bn by the end of the year, Bloomberg reported on Friday. The company shared the forecast with investors in talks over its latest funding round, according to people familiar with the matter. Th…