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…
Europe’s venture-backed companies could be worth more than its industrial base within five years, Dealroom founder and chief executive Yoram Wijngaarde said. He spoke at Wave by Vento in Turin on Thursday. “I think that the VC-backed ecosystem is going…
Legora co-founder and chief executive Max Junestrand says calls for European sovereignty in software are an excuse for companies that are not bold enough to go global. He spoke at Wave by Vento in Turin on Thursday. “I think sovereignty in enterprise a…
AI makes it possible to build a company from anywhere, but founders are still choosing to sit together, Station F director Roxanne Varza and Anthropic’s Aiden Blake said. They spoke on a panel at Wave by Vento in Turin on Thursday. “What’s really inter…
Odyssey has launched Odyssey-3, a world model that the Palo Alto AI lab says can control robot arms and humanoids, drive a car, fly drones and play video games. A research preview is available now, the company said on Thursday. World models learn from …
European startups raised $25bn in the third quarter, their strongest quarter for venture funding in four years. In North America, startup funding fell 35% from the previous quarter to $92bn, Crunchbase data shows. Europe’s total was up 77% on the $14bn…
VEIR has raised $110 million in a Series C round. The Massachusetts company makes superconducting power cables for AI data centres. Matter Venture Partners and Tyche Partners co-led the round, which VEIR called oversubscribed. LG Technology Ventures, G…
Voltus has raised $225 million in a Series D round. The San Francisco company pays businesses and homes to cut, shift or supply power when the grid needs it. Generation Investment Management led the round, with Activate Capital and the energy trader Vi…