Good news from around Europe
Meta just launched a new AI generator, Muse Image, and users are already pushing back over use of their photos The new image-generating model has numerous use cases, including advertising, decorating and creator-based opportunities. Powered by WPeMatico https://techcrunch.com/2026/07/07/meta-rolls-out-muse-a-new-ai-image-generator/
Why the rise of open source AI isn’t hurting Anthropic … yet Open source models’ success isn’t coming at the expense of frontier labs. Instead, they each seem to capture two phases of the same life cycle. Powered by WPeMatico https://techcrunch.com/2026/07/07/why-the-rise-of-open-source-ai-isnt-hurting-anthropic-yet/
Microsoft joins AI cost-cutting trend by relying more on its own models Microsoft is the latest Silicon Valley giant to cut back on its AI spending. Powered by WPeMatico https://techcrunch.com/2026/07/07/microsoft-joins-ai-cost-cutting-trend-by-relying-more-on-its-own-models/
Discord admits AI moderation bug wrongfully banned users over harmless images The company confirmed that the issue had been affecting accounts since May, with an additional 200 users banned over the weekend before its team identified and fixed the problem. Powered by WPeMatico https://techcrunch.com/2026/07/07/discord-admits-ai-moderation-bug-wrongfully-banned-users-over-harmless-images/
Klarna applies for US banking licence Klarna, the Swedish financial company best known for its BNPL (Buy Now, Pay Later) products today said it had applied for a US banking licence. Klarna, which is listed in the US, has been making a big play in the US, where it says it
UK battery materials startup TaiSan founded by chess champion raises £4.65M A UK battery materials startup founded by a former chess champion has raised £4.65m in a seed round, it said today. TaiSan, which operates out of a Cambridge battery lab, builds next-generation sodium batteries for electric bikes, scooters, vehicles and
How WaiV Robotics is solving one of maritime drones’ biggest challenges Getting a drone off a ship is easy. Getting it back is another matter. Although drones are increasingly used for offshore inspection, surveillance and search-and-rescue missions, recovering them safely on a vessel that’s constantly moving with the sea has
June 2026’s top 10 European tech deals you need to know about European tech activity in June 2026 was characterised by a recovery in deal volume but a decline in total capital raised compared to May. The ecosystem recorded 293 funding deals and €8.3 billion raised, compared to 258 deals
Stoa secures $2.4M for cash rewards platform UK fintech startup Stoa has raised $2.4 million in a pre-seed funding round to accelerate the growth of its cash management platform, which enables consumers and businesses to access upfront rewards on cash deposits. The round was co-led by Bespokeist Partners and Ingenii
NASA launches mission to rescue the Swift space observatory NASA launched the Swift Boost mission. It is intended to save the Neil Gehrels Swift Observatory. The robotic spacecraft LINK is to dock with the telescope and move it to a higher orbit. This is reported by Engadget. The spacecraft has