Good news from around Europe
Netherlands adopts software-first strategy for military drones in multimillion-euro Intelic partnership The Dutch Ministry of Defence has signed a strategic partnership worth tens of millions of euros with Dutch defence technology company Intelic to build the software foundation for its future unmanned systems ecosystem, making the Netherlands the first country
Starling Bank to axe 130 jobs Starling Bank is set to cut around 130 jobs, as it looks to simplify its operations and cut duplication amid an AI push across the UK challenger bank. The cuts follow a dip in profits and revenues at Starling, one of the UK’s most
Danish VC Climentum Capital secures €60M first close for climate hardware investments Danish investment firm Climentum Capital has raised €60 million in a first close for its second climate tech fund, backed by the European Investment Fund (EIF), Denmark’s export and investment fund EIFO, and the Danish Society of Engineers
Pytorch: the software layer underpinning Europe’s AI ambitions Europe has emerged as one of the world’s leading centres for open-weight AI, with companies including Mistral, Black Forest Labs and Helsing contributing to a growing ecosystem focused on open models and AI sovereignty. Much of that ecosystem relies on PyTorch, the
Assets of ten Genesis companies will remain frozen until the case is resolved. Court order Assets of ten Genesis companies will remain frozen until the conclusion of hearings in the FTC case. This is stated in a ruling by the U.S. District Court for the Northern District of California, reports
Cloudflare will automatically block mixed web crawlers that collect data for AI companies Cloudflare will change its policy for web crawlers?Web crawlers — specialized automated programs that systematically scan the web, follow hyperlinks and collect information., which both index sites for search engines and are used to train or operate
Meta launched the Pocket gaming app to create mini-projects using AI Meta has launched a new app, Pocket, that allows creating small interactive apps and games using text prompts to artificial intelligence. TechCrunch reports on this. The launch took place without an official announcement, which may be an informal start
Starling Bank to cut 130 jobs amid AI push Powered by WPeMatico https://sifted.eu/articles/starling-bank-job-cuts
Exclusive: ETCI-backed VC firms split over plan to limit non-European investments Powered by WPeMatico https://sifted.eu/articles/etci-non-europe-investments-split
ElevenLabs targets $22bn valuation with fresh share sale, reports say Powered by WPeMatico https://sifted.eu/articles/elevenlabs-targets-22bn-valuation-with-fresh-share-sale-reports-say