Month: June 2026

Europe is pushing back on Washington’s chip war As ASML CEO Christophe Fouquet told TechCrunch in May, what China can currently buy are older-generation deep ultraviolet tools — gear first shipped about a decade ago — the same machines the MATCH Act would now put off limits. Powered by WPeMatico

Former Infosys chief has a new startup that wants to challenge the IT services world Backed by Mayfield and Aramco Ventures, Vishal Sikka’s new venture brings together veterans from SAP, Infosys, and VianAI. Powered by WPeMatico https://techcrunch.com/2026/06/24/former-infosys-chief-has-a-new-startup-that-wants-to-challenge-the-it-services-world/

Elon suffers another day short of trillionaire status Right now he’s merely a several-hundred-billionaire, according to Bloomberg’s Billionaires Index. Powered by WPeMatico https://techcrunch.com/2026/06/24/elon-suffers-another-day-short-of-trillionaire-status/

Cerebras stock plunges after earnings as CEO says margin outlook was misunderstood In its first earnings report since going public, the AI chipmaker forecast a narrower gross margin in its core business, scaring investors. Powered by WPeMatico https://techcrunch.com/2026/06/24/cerebras-stock-plunges-after-earnings-as-ceo-says-margin-outlook-was-misunderstood/

AI was supposed to kill engineering jobs, but new data suggests they’re the most resilient While AI dominates the layoff narrative, engineers are actually making up a larger share of new hires, according to SignalFire data. Powered by WPeMatico https://techcrunch.com/2026/06/24/ai-was-supposed-to-kill-engineering-jobs-but-new-data-suggests-theyre-the-most-resilient/

Stark bags €500M in new funding Stark, the German defence tech startup which makes weaponised drones, has today confirmed it has raised €500 million in new funding. Sequoia, Founders Fund, the NATO Innovation Fund, Project A, Air Street Capital, 201 Ventures, Advent and Döpfner Capital are amongst the investors in the

Ubotica raises $11M to scale real-time maritime intelligence from space Ubotica Technologies, the Irish space technology company pioneering Orbital AI, has secured $11 million in funding to accelerate the commercial deployment of its AI-powered intelligence platform and expand the rollout of its Live Maritime Intelligence (LMI) service. The round was

Astral Systems raises £23M to tackle the global shortages of medical radioisotopes Astral Systems, a deeptech company pioneering multi-state fusion (MSF) technology, has secured a £23 million first close investment led by Mercia Ventures. The round is supported by various investors including Tees River, Daphni, and Blast Club, alongside previous

Fika Jobs raises $4M for AI-powered video resumes Stockholm-based hiring platform Fika Jobs has raised $4 million in pre-seed funding to expand its video-first approach to recruitment. The round was led by Luminar Ventures, with participation from more than 20 venture capital and angel investors, including Alliance VC, as well

Sportway raises €20M as AI reshapes sports broadcasting AI-driven sports media and sports tech’s Sportway Media Group has raised €20 million, valuing the company at approximately €92 million ( SEK 1 billion) post-money. The financing was led by Gamma Waves alongside continued participation from existing shareholders. Founded in 2017 by